Word: cheaping
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...which could be an estate of southern California condominiums if it weren't for the 300-year-old olive trees implanted in the traffic circles. The vast majority of Israelis living in the West Bank today do so less out of any ideological fervor than because the housing is cheap. But some 70,000 settlers are religious nationalists like Harel, who consider Palestinian land to be their Jewish birthright. They tend to live in remote outposts, surrounded by hostile Palestinians and occasionally harassed by Israeli authorities under pressure from the international community to evacuate the settlements. In 2005, Israel...
...fashion, but now customers have so many resources, they dictate what they want and see if a store has it," says Marshal Cohen, chief analyst at the NPD Group. And they found what they wanted everywhere, from Target to Wal-Mart to Abercrombie & Fitch. The Gap may have invented cheap chic, but it steadily lost customers to stores that were cheaper, chicer or both...
...Sanghera is certainly no angel. Though underage, she flees Derby with her older, lower-caste boyfriend Jassey, to her family's shame. The young couple settles in nearby Leeds, where Jassey, a trained engineer, sells cheap watches in a market stall to support them. Sanghera rewards his good-humored steadiness with an adulterous affair and a divorce. Then she ditches her lover, finds another husband and leaves him as well, temporarily losing custody of a child...
Geography again saved the day. In 1979, Communist Party boss Deng Xiaoping began opening China to foreign investment, and Hong Kong manufacturers decamped to the mainland to take advantage of the vast supply of cheap workers. The trading firms stayed behind. In fact, as more work moved into China, locating a headquarters in Hong Kong, on the doorstep of southern China's industrial parks, became imperative. The trading firms quickly devised a new, cross-border manufacturing system. With poor technology and training, Chinese workers could complete basic product assembly but not the more complicated parts of a manufacturing process...
Nimble isn't cheap. Firms such as Li & Fung and Noble have invested millions in computer systems that make it possible to micromanage logistics as never before. Noble has a ship-management division that oversees the operations of 150 vessels from the comfort of a Hong Kong office. Software tracks the fleet on an onscreen map, with the position of each vessel marked by an icon. Click on one, and the computer calls up every scrap of data you can imagine--the ship's current route and historic movements, its cargo, entire crew roster and maintenance schedule. One ship...