Word: demand
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...lottery to offer 10 rooms at a special rate of $4.15, instead of the usual $125 rack rate. To enter the "Tax Time" lottery - which includes a room with complimentary breakfast, free Wi-Fi, gym and business center access, as well as in-room video games and movies on-demand - call the Apple Core Reservations Department by March 29 (you can't enter online). The drawing will be held March 30. Good for stays April 1 to 15. Participating hotels include La Quinta Inn Manhattan (17 West 32nd Street), Red Roof Inn Manhattan (6 West 32nd Street), Comfort Inn Midtown...
...debut of the world's least expensive car comes at a time when the entire auto industry is in crisis. Demand for vehicles has plunged with the global recession, hobbling two of Detroit's giants, GM and Chrysler. Even Toyota, the model of a modern car company, is facing its first operating loss in decades. Tata Motors, India's largest automaker, is not immune. Sales of its commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that...
...prove to be much more important than its price tag. The company's engineers and parts suppliers started from scratch, rethinking every component to minimize cost and weight without sacrificing basic performance, comfort and style. As battered carmakers search for new business models to adapt to shifting, shrinking consumer demand, the Nano may point the way to the future - one that will likely revolve around smaller, more fuel-efficient and more cheaply produced vehicles. (See pictures of the Nano...
...much marketing will be needed to sell the Nano to aspiring Indians like the ones I met in Pune. Indians buy about 1.4 million cars and 7 million two-wheelers a year. Even if the Nano initially grabs just a fraction of this market, as Tata executives expect, demand will outstrip the current annual production capacity of 45,000 cars - meaning there will likely be long waiting lists and disappointed customers. But Tata Motors can't make more Nanos due to a controversy over construction of what was to be the Nano's main factory in Singur in the state...
...Academy is these days, the Nobel Prize Committee has got it right in this respect: no posthumous prizes. They dole out their dough only to writers who will use the money to continue to write; they bestow their attention only on those who can directly benefit from a greater demand for their work. To the chagrin of aficionados of Borges and John H. Updike ’54, the list of accolades and honors in their biographies will never include the words “Nobel Laureate.” And while I agree that Borges and Updike outshone?...