Word: costs
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...Having a single company control so much of the live music market is almost guaranteed to mean one thing: ungodly ticket prices. In 2007, the cost of two seats to see Phil Collins and a re-united Genesis warble Mama was around $400, while two of the best seats for Jay-Z's current 28-date Live Nation tour with Mary J. Blige go for $500.00. Anti-trust laws prevent Live Nation from selling more than 10% of its own tickets, but at those prices, 10% adds up fast. For consumers, the pain could be acute...
...AIRPORTS 28,000 Number of bags put into temporary storage when an automated baggage-handling system malfunctioned during the launch of a modern new terminal at London's Heathrow airport $8.56 billion Cost of the new terminal at Heathrow. During a glitch-filled first four days of operation, nearly 250 flights in and out of the new facility were canceled...
...fall short of early hopes: "I am confident that we got the very best deal we could." Dairy and timber exporters are expected to profit most, but manufacturers like white-goods maker Fisher & Paykel and fashion house Icebreaker also stand to gain from easier access to China's low-cost factories as well as to its fast-growing middle class. The projected $300 million annual income boost from the free-trade agreement "is obviously worth having," says Skilling. But "given that our total exports are about $NZ40 billion [$32 billion] a year, it's pretty small." The real action...
...trial run. Free-trade agreements are part of China's global push for the status and influence of a big power. The negotiation with New Zealand, says the Trade Association's Ferguson, will serve as "a template for bigger, more complex deals" - a pilot project where errors won't cost too much in money or "face...
...underlines the remarkable transformation over which he presided in his decade of leadership: Ireland has grown from an economic backwater to an E.U. success story, and has moved from a bastion of social conservatism to a more open and diverse society. But the same changes may also have ultimately cost Ahern, as Ireland also moved from a deferential political culture to one that asks hard questions of its leaders...