Word: cheapness
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...Verizon plan works, most of the phone companies in countries including the U.S., much of Europe, and Japan will probably follow with their own super-cheap plans. None of them can afford to lose wired home phones at the rate they are today. The $5 phone may not be as profitable as old landline products, but it is better than nothing...
...dimming, water recycling, air filtration and on-site power generation. Those green features have helped make the BoA Tower the first skyscraper to win a Platinum Leadership in Energy and Environmental Design (LEED) rating, the highest possible such award. They also helped ensure that the tower won't be cheap - the project is estimated to cost about $1 billion. (Read "Building Materials: Cementing the Future...
Russia is in the middle of a revival in moonshine not as a cheap way to drink, but as a hobby and craft. Actors and musicians have revealed their recipes to magazines. Indeed, Russian liquor store shelves and supermarkets now stock a product that uses the appeal of bootleg as its selling point. "I talked to my friends about my idea for sometime and we came to the conclusion that making samogon, would be a great business model," says Nikolai Poluetkov the manager of Kosogorov Samogon, which calls itself the first moonshine to have a license. "We spent 2003 looking...
...same time, some houses are still overvalued. Economists disagree by how much, and the answer changes from region to region. Houses in Cleveland are undoubtedly cheap. They could use some new home buyers there. But if we're still not in the ballpark of normality overall--and certain market watchers think we might see prices drop an additional 10% to 15% nationally before this thing is over--then spending billions to spur on buyers won't be a magical fix. "To prop up prices above fundamentally justified levels is throwing good money after bad," says Joe Gyourko, professor of real...
...some ways, proposals to stimulate the housing market aren't really aimed at bringing in new buyers. Extending tax credits to people selling one home to buy another and letting homeowners use cheap mortgages to refinance won't get rid of excess housing inventory. These policies are meant to do something else: stimulate the economy by delivering money to homeowners. "We could tell everyone you can get a credit card at a rate of 6%, and that would put money in people's pockets too," says Dean Baker, a co-director of the Center for Economic and Policy Research. Call...