Word: cheaping
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...same can be said of Thailand's fledgling fashion industry. No longer a cheap haven for the manufacture of apparel invented elsewhere, the country has lately been generating fashion designers like China churns out brand-name knockoffs. "I can count about 30 new designers on the market in just the last year or so," says Anna Limpichart, a fashion-show organizer responsible for next month's Bangkok Fashion Week, an annual runway showcase for local designers. Even seen-it-all international cognoscenti are taking notice. After attending last year's Bangkok Fashion Week, Paris-based fashion critic Diane Pernet said...
...still a fashion student in London. Disaya, 27, sells her Boudoir brand in five spots around Bangkok. She describes her creations?which also include lingerie-inspired ready-to-wear clothes?as "very femme ... sexy and childish at the same time." Even though they're locally made, they're not cheap: a hand-knitted, torn-chiffon dress sells for $550. But that doesn't seem to be hurting her business?this year's plans include tripling the size of her flagship store and opening two new branches in Bangkok. "Everything is moving so fast," she says. "It's a good time...
...point in the economic cycle that tends to favor the biggest of the big. Short-term interest rates are up, which is especially hard on small companies that do not enjoy the same access to cheap borrowing as large ones. As higher rates slow the economy, earnings at small firms should decelerate quickest. And as earnings slow, the dividends that blue chips pay will become increasingly attractive...
There are two addictions here: That of the Mexicans to the U.S. dollar and that of the Americans to cheap labor. In addition, it plainly doesn't matter how long we Mexicans have lived in the U.S. We struggle and maneuver between two languages and two cultures and settle somewhere in the middle, neither here nor there. Everyone pays a price: for the Mexican, it is being away from family and home, probably never to return permanently, and for the American, it is having to provide health care and other services for this secret workforce...
...around $1.30. At its nadir, the market valued the whole of EMI at less than the value of its publishing division alone. "The mood was tense and increasingly dark," says Rose. "We were fearful of losing control of the company. It could have been snapped up on the cheap." A 2000 merger attempt with Warner Music was rejected by the E.U. as anticompetitive. But twice during the later lean years, the companies discussed a tie-up. (And now that their balance sheets are improving, merger speculation is rife again, though Levy says the two companies aren't in talks.) Levy...