Word: costs
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...this point, it would be hard for companies to get any cheaper," Graham said. Since everyone already has an Internet-connected computer, "it's gotten to the point that you can't detect the cost of a company when added to a person's living expenses. A company is no more expensive than a hobby these days...
...with LILOs, business plans are an afterthought because you can try your idea first at minimal expense, without persuading others to buy in. Or, as Joi Ito, another well-known tech investor, told me recently, "the cost of mapping it is almost higher than the cost of trying...
...here again, a bad economy is the LILOpreneur's friend. Ito likes to say, "The cost of failure is cheap. It's so low, you can swing the bat way more times." In a bad economy, no one really notices or cares about more failure. That creates a better environment for risk-taking, which is the only way innovation occurs...
Haig's warnings may apply to for-profit medical insurance and hospitals, but there are alternatives. In my HMO, Kaiser Permanente, medical decisions are made by doctors. Medical records have been online for years. Copays are low, and there are no cutoffs for the cost of surgery, hospitalization or other care. Prescription drugs are covered. And premiums are lower than those of for-profit plans. If Barack Obama's health-coverage plan is modeled on one like mine, then everybody can win. Phil Bond, ELK GROVE, CALIF...
...billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle, a Shanghai-based analyst at BOC International. "China is now making strategic investments overseas at a comparatively lower cost...