Word: costes
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...expect Delaware to do anything to tamper with this profitable business line. The state's division of corporate services recently boasted it spent just $12 million to earn $700 million - a quarter of the state's annual revenue. That enviable cost-revenue ratio has triggered copycat competitors. It couldn't be easier. Apply online - providing less ID than it would take to get a library card - and have it all processed within 24 hours, for little more than $100; Nevada and Delaware will do it all in an hour for $1,000. Then, for modest fees, enjoy the illusion...
Like what? One approach is to lay on a heavy cost of being big. Too-big-to-fail banks should have a capital cost that will make it a disadvantage to compete in the riskiest parts of the financial-services market. I also like President Obama's recent proposal, the so-called Volcker Rule, which would limit proprietary trading and investing. Combining these two regulatory changes ought to encourage big banks to figure out new business strategies, and that would involve selling off some of their riskier businesses...
...endorsed on Wednesday. Spain is similarly promising to slash its deficit of 11.4% to just 3% by 2013, although the country - which is still reeling from the recession, with unemployment of nearly 19% - has been vague about how it will do that beyond proposing $69 billion in cost-cutting measures over the next four years. Last month, French officials somehow managed to sound proud when they announced that France's 2009 deficit of 7.9% was lower than the expected 8.2% - and that they would hold it below 8.2% for the rest of this year. (Read "Why Greece Could...
...problem is that ULA rockets were not built for the trickier job of launching people, and not a single one of them is crew-rated. It will take at least four years to make the necessary adaptations according to one industry insider, and that's assuming no delays or cost overruns. Never assume that...
...These days I’m not really holding the line that much on them, with the cost of school [being so high],” he said. “Apply to more schools, more safety schools that are more likely to give you merit scholarships...