Word: excessions
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...January, after four years of legal wrangling over the environmental impact assessment submitted by Landsvirkjun. Alcoa's Fjardaál smelting plant, for which ground was recently broken in Reydarfjördur, a port on the country's largest east-coast fjord, will be Landsvirkjun's principal electricity customer. Excess capacity generated by the Kárahnjúkar power plant will be passed on to the national grid. The whole enterprise, says Arnalds, is "not only to create jobs locally, but to create national wealth." Iceland has an abundance of hydroelectric power, so the government is encouraging energy-hungry...
...Gook. "We're making ourselves more competitive." Can Kim build LG into a global titan? Hurdles abound. LG still sometimes cuts prices to drive sales, softening both profit margins and its brand image. For example, LG sees 5% profit margins on its mobile phones; Samsung earns in excess of 20%. Nor does it help that LG Electronics is a member of one of South Korea's mammoth, family-controlled conglomerates, called chaebols, which are infamous for mysterious and convoluted business practices. In February the company broke a promise to investors by pledging $130 million to buy bonds of a nearly...
...agent fees. Passengers pay for their food and drinks. When a professional aviation construction outfit asked for $20 million to build a hanger at Kuala Lumpur's airport, Fernandes asked the small contractor who built his home to do it instead for $500,000. "There is a lot of excess in the airline industry," he says. "The challenge is to change the mind-set of staff so they eat, sleep and breathe costs...
Doctors have long suspected that excess fat around the belly--as opposed to the thighs or hips--increases the chances of developing heart disease, high blood pressure and diabetes. Apparently, abdominal fat doesn't just lie there and jiggle. It actively promotes ill health by, among other things, pumping out inflammatory proteins and interfering with the body's ability to use insulin. So it seemed plausible to many physicians that surgically removing belly fat by liposuction could give patients a double benefit: a slimmer physique and a better metabolic profile...
...build LG into a global titan? Hurdles abound. LG still sometimes cuts prices to drive sales, softening both profit margins and its brand image. For example, LG sees 5% profit margins on its mobile phones; Samsung earns in excess of 20%. Nor does it help that LG Electronics is a member of one of South Korea's mammoth, family-controlled conglomerates, called chaebols, which are infamous for mysterious and convoluted business practices. In February the company broke a promise to investors and pledged $130 million to buy bonds of a nearly bankrupt affiliate, credit-card issuer LG Card. Kim says...