Word: cheaping
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...PRIMARK Be Cheap, but Chic...
...While the total optical market in Germany grew 3.2% in 2008, Fielmann's sales jumped 7%, according to the Central Association of German Opticians. Total net profit soared 39% to $163 million. Company officials attribute the results to the company's size. Fielmann sources frames in bulk, from both cheap Asian manufacturers and designer brands, keeping costs low. Indeed, Fielmann's expansive mood shows that farsightedness can be a virtue: you can envision the day when the recession will end, and be ready to cash...
...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...
...than today's; range was limited and batteries died in less than a year. Now they can travel as far as 100 km on a full charge, more than enough for a day's riding. But batteries remain the weak point. Most e-bikes rely on lead-acid batteries, cheap century-old technology unsuitable for the growing demands of daily commuting. "The battery is the key limiting factor," says Jonathan Weinert, a transportation expert who wrote his doctoral dissertation on electric bikes in China...
...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...