Word: cheaping
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Dates: during 2000-2009
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...with 9.4 million autos. While China now has about 25 million cars on the road, it has four times as many e-bikes. Thanks to government encouragement and a population well versed in riding two wheels to work, the country has become the world's leading market for the cheap, green vehicles, helping to offset some of the harmful effects of the country's automobile boom. Indeed, as engineers around the world scramble to create eco-friendly, plug-in electric cars, China is already ahead of the game. Says Frank Jamerson, a former GM engineer turned electric-vehicle analyst: "What...
...question is: what economic framework will help us reclaim those skills and that potential." Say, for example, the exchange rates change or the price of oil rises (and it has started to creep up, if not at last summer's pace) so that foreign-made goods are no longer cheap to import. We could find ourselves doubly stuck because domestic manufacturing is no longer set up to make all these products. While no community functions in isolation, supporting local trade helps "recreate the diversity of small businesses that are flexible and can adjust" to changing needs and market conditions, says...
...With more than 1,000 new hooks that developers can tap into, third-party iPhone programmers are having a field day with the 3.0 operating system. The iPhone is becoming a platform for precisely the kind of cheap and disruptive technologies that fuel start-ups. The car-rental company ZipCar, for instance, showed off an app that lets you lease a car from your phone and points you to the parking space of the car itself. When you get close to the car, the iPhone can unlock the automobile as if it were a key. Seriously, how cool is that...
Fall Preview. JetBlue is offering tickets to its three new Caribbean destinations - Saint Lucia, Barbados and Kingston, Jamaica - for $99 from JFK. Before you start packing, bear in mind the cheap fares don't kick in until October, but you'll have to book by June 17 for all travel through...
...early as 2005, in fact, high-end fashion houses like Burberry and Louis Vuitton were warning that profits from cheap reproductions of their desirable goods might be used to fund terrorist organizations. Many people were skeptical of alarm bells emanating from such well-heeled manufacturers until Interpol backed up the claims. "North African radical fundamentalist groups in Europe, al-Qaeda and Hizballah all derive income from counterfeiting," John Newton, an Interpol officer specializing in intellectual-property crime, told the London Times in 2005 when it came to light. "This crime has the potential to become the preferred source of funding...