Word: costs
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...late real-estate mogul Seymour Durst first erected the clock on Feb. 20, 1989 to call attention to the consequences of Reaganomics. At the time, the country had a national debt of $2.7 trillion. The original 25-foot-wide, 1,500-pound, 306-bulb sign cost more than $120,000 to create and install. (It now costs more than $500 a month to operate and maintain the light bulbs). Durst told reporters he had no plans to ever remove the clock. "It'll be up as long as the debt or the city lasts," he said, adding, "If it bothers...
There are other parties in the merger hunt. The French automaker Renault is also interested in Chrysler, according to several industry sources. But corporate merger would just be a step-up from the collaboration already going on among rivals in the industry. The sheer cost of developing new, more fuel-efficient vehicles is driving companies together, observes another executive, who notes that GM has already collaborated with Ford on building new transmission and has worked with Chrysler and BMW in developing hybrid vehicles. Chrysler spokeswoman Lori McTavish said that Chrysler entered into a partnership with Nissan earlier this year...
...normalize” smoking—a creepy and Orwellian notion. The idea of using a ban to manipulate culture and social norms, even for what the city considers the public good, is dangerously close to social engineering, and should concern any civil libertarian. All cost-benefit justifications and philosophical objections aside, this measure is offensive because of the burden it would place on the city’s small businesses. If smoking is banned in these bars, they are likely to go out of business, or at least be forced to undergo significant alterations. In the current economic situation...
Speculating about the health of companies has long been considered imprudent in Washington, where an ill-considered, offhand remark by politicians can cost businesses and shareholders millions of dollars. With stock markets reeling, the slightest hint of corporate instability today can sink stock prices, making it unwise to suggest that financial titan X may be in danger of joining the roster of bailout candidates...
...economy is in crisis. Financial markets are collapsing. Credit is drying up. Your savings are in danger. Your retirement is at risk. Jobs are disappearing. The cost of health care, your children's college, gasoline and groceries are rising all the time with no end in sight. While your most important asset - your home - is losing value every...