Word: coste
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Dates: during 2000-2009
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...reason GM Mexico has remained profitable while mounting losses have pushed the parent company's U.S., Canadian and European operations to the brink of disaster boils down to the lower cost of doing business in Mexico. GM and other automakers, including Ford and Chrysler, have managed to keep the cost of production south of the California and Texas borders at Third World levels, owing largely to Mexico's weak unions...
...Boston University professor Ellen Ruppel Shell argues that the allure of low prices is leading us astray: in their bid to drive down costs, big-box stores have kept the salaries and benefits for their employees to a bare minimum; fashion retailers have prioritized price over style and quality, often using their outlet stores to hawk a completely different line of merchandise. Finally, what kind of bottomless plate of scampi do you really think 15 bucks can buy? In her new book, Cheap: The High Cost of Discount Culture, Shell argues that our never-ending pursuit of cheap has blighted...
...lawmakers continue to struggle to find a way to pay for a health reform that could cost $1 trillion or more over the next decade, Barack Obama seems to be opening the door a little wider to an approach he soundly rejected when John McCain proposed it during last year's presidential campaign: taxing the health benefits that employers provide their workers. "This argument has evolved," he said Wednesday at a town-hall meeting on health care in Annandale, Va. And it appears that Obama...
...Another complication is that the average cost of employer-provided plans varies widely across the country. In 2006, for example, the average employer-provided plan for a family in New Hampshire cost $12,686; in Hawaii, the average was only $9,426, according to statistics compiled by the Kaiser Family Foundation. So it is no surprise that lawmakers from states where health coverage is more expensive are wary of the idea. A way around that problem, says Massachusetts Institute of Technology economics professor Jonathan Gruber, would be to have the taxes kick in at different levels in different states. "Otherwise...
...Presented with an opportunity this week to claim that foothold, however, most major oil companies were unwilling to commit. The need for military style security and expansive insurance in light of ongoing terror attacks would require foreign investors to add millions to the cost of operating in Iraq. Massive capital investment is required to develop the industry's capacity in Iraq, and militant trade unions that have flexed their muscles through strikes in recent years - and which bitterly oppose foreign oil companies taking charge of developing Iraq's fields - add to the headache facing potential investors...