Word: costly
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Dates: during 2000-2009
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...American workers to sell them. None of those facts are visible in the trade statistics, yet they are real. And take a company like Schnitzer Steel of Oregon, a once regional company that collects and sells scrap metal. Had it not been for Chinese demand driving up the cost of scrap, Schnitzer would not have seen the soaring profits that allow it to employ more than 3,000 people. Or consider the Greek-American businessman I sat next to on a long flight to Hong Kong who was able to turn his small wedding boutique into a regional chain with...
Other than complain, there's little either can do to halt this integration. Punitive tariffs backfire. The Obama Administration's 35% tariff on imports of Chinese tires potentially hurt Goodyear's operations in Ohio because the company had developed a cost structure that uses production in China as a way to maintain its U.S. operations. China threatened to retaliate with tariffs on U.S. chicken parts. If tires and chicken parts are the worst of it, so much for trade wars...
...ordered all five of Schwan's Top Chef meals--which cost $10 to $12 each--and invited my friend Jonathan Karsh, a reality-show producer and an excellent home cook, to try them. The first thing we noticed was how right Balzer was about the way we embrace prepared meals. Several times I said I had better "start cooking" when I meant "start microwaving." I was able to open the boxes with a knife from the Top Chef cutlery set the show sent me and pair the food with a Top Chef--branded Quickfire cabernet sauvignon (which was surprisingly good...
...early to know whether raising the cost of insurance will lead to behavioral changes. But dangling carrots seems to work. In 2005 the Safeway supermarket chain implemented a voluntary wellness plan. Employees who take and pass tests for such things as blood pressure and cholesterol levels can reduce their annual insurance premiums by nearly $800. The company credits the plan with keeping its insurance costs flat on a per capita basis for the past five years...
...recession, when cuts must be made and services must be discarded, the library system should be one of the last to feel the pinch. Hopefully, this principle will guide the university’s plan to revamp the library system to make it more centralized, digitized, and cost-effective, allowing Harvard’s collections to emerge from budget cuts more or less intact...