Word: cheaping
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Dates: during 2000-2009
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...ground to gas in your car's fuel tank. Oil's various refined products, such as gasoline, kerosene and diesel, have different boiling points. The lighter the chemical composition of the desired product, the lower the temperature needed to separate it from the crude. It's not cheap; refining costs account for nearly 19% of the price of gas sold in Britain. Today's refineries are so efficient that they can extract 44.6 gallons of refined petroleum products from a 42-gallon bbl. of crude. That's good, but not good enough, especially not after Katrina knocked...
...photograph. The technology of picture taking is now so foolproof that it routinely trumps the artistry of professionals in breaking news. The most articulate images from the July 7 bombings in London were shot by passengers with cell phones. The torturers at Abu Ghraib recorded their own crimes with cheap digital devices and created some of the first icons of the 21st century. In the introduction to his refreshingly broad-minded book Witness: The World's Greatest News Photographers, Reuel Golden acknowledges these challenges for photojournalists. But as a senior editor at New York City's Photo District News...
Only a company whose customers line up along Tokyo blocks clamoring for cheap casual chic would be comfortable predicting being "bigger than Gap." But Tadashi Yanai, CEO of parent company Fast Retailing, expects Uniqlo to reach $10 billion in sales by 2010, with 10% coming from the U.S. The haberdasher's son is introducing neighborhood concept stores--stocked with basics made with colorful Egyptian cotton and Mongolian cashmere--to three high-volume New Jersey malls, to add to Uniqlo's roughly 700 stores in Asia and Britain. Yanai talks big, but expansion failures in the London area...
...losses and industry complaints. The ensuing negotiations, which are still progressing unhurriedly and uncertainly, have been the cause of much friction between Beijing and Washington. Another touchy area is that of China’s currency. Many U.S. trade groups accuse China of keeping the yuan artificially cheap to bolster exports. The yuan was revalued in July from a direct 8.28 peg to the U.S. dollar to an approximately 8.11 managed float, but the 2.1 percent revaluation is still far below the 10 percent wanted by Washington. These issues have all strained Sino-U.S. relations in the past...
...main reason AirTran is prepared for the turbulence: like the better-known JetBlue, its focus has always been on cheap tickets, low costs and reliable service. It offers the only low-fare business class in the industry. As a result, AirTran has stolen market share from Delta at Atlanta's Hartsfield-Jackson International Airport--Delta's primary hub.Leonard and president Bob Fornaro built AirTran on the ashes of ValuJet, which suffered a fatal crash in the Florida Everglades in 1996. In 2003, when aircraft prices hit rock bottom, they made a decision that looks prophetic today: they ordered 100 fuel...