Word: forde
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With production workers earning $2 an hour, China is pressing its labor advantage, luring foreign automakers to both supply its domestic market and develop export programs. Almost all the big names?GM, Ford, Honda, Volkswagen?have joint ventures that assemble vehicles for the local market, with sales booming at a 22% average annual clip. Strong sales in China have cooled the impetus to export. So has the majors' ample capacity at plants overseas. And low wages don't make China a low-cost producer. The country has an inefficient supply chain, high component costs (many parts are slapped with import...
DESIGNER EYES Tom Ford Eyewear debuts this month with the slick Jennifer model. The former Gucci guru, who has a special love for sunglasses, clearly sees bigger as better. TATTOO YOU Body art is back in fashion as brands like Ed Hardy T shirts and A & G cashmere flaunt tattoo motifs. Even Balenciaga designer Nicolas Ghesquière is selling tattoo-style T shirts...
...presidential power. Vice President Dick Cheney in particular believes that presidential power has been unreasonably confined since the 1970s. Although he served as a Congressman from Wyoming from 1978 to 1989, it's the Executive Branch that holds Cheney's heart. As White House chief of staff for Gerald Ford from 1975 to 1977, he saw up close how Ford's powers were repeatedly reined in by a newly invigorated Congress determined to refuse Nixon's notions of Oval Office prerogative...
...world's most exclusive club has only 43 members, and all of them are dead except Gerald Ford, 92; Jimmy Carter, 81; George H.W. Bush, 81; and Bill Clinton, 59. For years, the club rarely met at all, and then only at openings of presidential libraries or VIP funerals. But as Presidents have lived longer after leaving office, most have tried to stay busy, and some have felt underused by their successors. Harvard business and government professor Roger Porter, who has worked as an aide to three Commanders in Chief, explains, "Being President is like drinking from a fire hydrant...
...JOHN SPENCER, 58, Emmy Award--winning actor best known as the savvy, tough White House chief of staff turned vice-presidential candidate Leo McGarry on TV's The West Wing; of a heart attack; in Los Angeles. The son of blue-collar parents, he got his break as Harrison Ford's cop sidekick in the 1990 film Presumed Innocent. That led to his big TV roles as L.A. Law's streetwise lawyer Tommy Mullaney and West Wing's top aide, who last season left his post after suffering a heart attack...