Word: costes
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...most recent period, revenue at the coffee shop company was down a modest 7.6%. Since economists have assumed American consumers have tightened their belts to the point where it cuts off blood supply, this number was remarkably good. Starbucks, where a cup of coffee can cost over $4, is still a luxury, albeit a modest one. But, if the company is doing relatively well, then discretionary spending has not disappeared. Same-store sales at Starbucks for the period were down 8% in the US, but only 5% was due to a lower number of transactions. The rest was because people...
...know what malpractice means and when it happens), there is little or no correlation between doing bad stuff and getting sued. We also observe that none of the countries whose medical systems are held up to us as better than ours has any malpractice system at all. And the cost of defensive medicine is enormous - much higher than published estimates...
...redundant and takes up way too much of our time - and many doctors believe it's largely for the benefit of the regulators themselves. A unified federal credentialing agency could pull those weeds right out and leave the country with 5% to 10% more doctoring at almost no cost...
...international travel, they would not likely be able to stave off the virus for good - and the economic losses resulting from the travel ban may far outweigh any benefits. One 2007 study by the Brookings Institution estimated, for example, that a 95% reduction in U.S. air travel would cost the economy $100 billion a year...
...power shift taking place globally. Once untouchable telcos and their suppliers, including Nippon Telegraph & Telephone Corp., Deutsche Telekom and France Telecom, have become mastodons stuck in a tar pit. They are surrounded by a host of new technologies and hungry cable companies, wireless operators and handset providers with low-cost solutions and must-have apps. These competitors and their supply chains are smarter, faster, more aggressive. And they're gobbling up business in the $1.7 trillion global market for telecom services, including traditional fixed lines, at a ferocious rate...