Word: costs
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...proved fleeting. The first imperative of commerce - to add value and thus earn profits - is too narrow to host all the civic expectations attached to the auto industry. If GM's only task were to make money, the company would shutter its car factories (or move them to low-cost countries) and churn out light trucks...
...Italy's Fiat, had sniffed an opportunity lurking by the Chrysler deathbed. Chased from the American market a generation ago by its comic reputation for poor quality, Fiat seemed an unlikely rescuer. But Marchionne entered the picture as the It boy of the auto world, having slashed costs, retooled management and refreshed styling to boost sales of the firm's cute little cars. He wanted back into the U.S., provided it didn't cost him anything. (Watch TIME's video about an optimistic Dodge dealer...
...caffeine addicts negotiating the recession, this ought to give you a jolt: production problems are driving up the cost of coffee and tea on international markets. Rotten weather in Colombia helped push an index of coffee prices compiled by London's International Coffee Organization (ICO) to its highest level since September on Wednesday, just as futures prices for Arabica beans - which make up the bulk of the world's supply - topped $1.35 per lb. in New York, the highest since October. Recent droughts from Sri Lanka to Kenya, meanwhile, have constrained tea production, forcing up crop prices at auction...
...first to hold the post of executive vice president at Harvard, Forst said that he sought to improve the cost-effectiveness of the University’s operations by consolidating functions—such as office supply purchases—that have traditionally been handled separately at each of Harvard’s schools...
...plans to embrace the concept. A local rib shack, Amadeus, was doing brisk business, and many people openly ate hot dogs on the street. Wim De Kinder, owner of the upscale Traiteur Grimod delicatessen, said he tried to introduce vegetarian fare two years ago after learning of the environmental cost of livestock production, but he couldn't shift enough product to make it profitable. "I can't be expected to make a loss for the sake of principle, however worthy," he says. (Read "Should We All Be Vegetarians...