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...card companies, which take about 2-3% of each sale charged. Since drivers are quick to defect to another station to save just a penny or two, owners are slow to raise prices to cover their increased costs--and at times even lose money when a customer charges a fill-up. "We get hurt when the price goes up--the opposite of what the customer thinks," says Stewart Spinks, who runs 38 Spinx stores in the Carolinas and Georgia. With gas at $3 per gal., Spinks hands credit-card companies about 7¢ per gal.--half of what he makes before...
Make no mistake: this movement is about money as well as education. State funding of public schools is under stress, and private colleges are worried about pricing themselves out of the market. College-linked retirement villages are not cheap and promise a new revenue stream to fill in funding gaps. Striking a closer relationship with alums could also lead to more donations...
...years of neglect in about two hours. Upon my arrival, the receptionist hands me a glass of lemonade (I wonder briefly if I am meant to splash it on my face) and a detailed questionnaire about my skin type. Surprisingly, "dull and pasty" isn't an option, but I fill out the rest. Do I have oily skin? Check-during adolescence my forehead was practically a member of OPEC. Enlarged pores? You bet-I've named some of them after lunar craters. Of course, I hadn't realized large pores were a bad thing. Now I'm paying...
...much of its history, Hong Kong has used the harbor as an inexhaustible supply of land. Reclamation has enabled Hong Kong to grow both physically and economically. But the fill-and-build model has led to a backlash, and in 2004 lawyer and activist Winston Chu won a court fight to block a 26-hectare reclamation project in Wanchai, east of Central. "There is a very strong community call to stop all this continuing infilling of the harbor, which I think is totally valid," says Fung. "But still I think we need to finish it up and build the best...
...Indian history, and it presaged a wave of international expansion by Indian and Chinese businesses like Mittal Steel and Lenovo. For Tata, entering the West was not an end in itself. Buying Tetley was simply a way to grow Tata Tea. "We look for the acquisition of companies that fill a product gap or have a strategic connection with what we do, wherever that company might be," says Tata. Says Rothschild's Bhandarkar: "Other Indian groups look at things opportunistically. Tata is the only one with an international strategy." If the group has a geographical tilt, it is towards...