Word: frugality
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...Clark can lead her Labour party to victory on Sept. 17 in a general election, she will be free to continue the frugal economic management and progressive social makeover that have been the hallmark of her winning ways since 1999. After the country's stagnation in the '90s, and the reform shocks of the preceding decade, the Clark era has been a prosperous one. "There is no mood for radical change in our country," Clark declared at her campaign launch in Auckland on Aug. 21. Economic output has grown by an average of 4% a year; the country's unemployment...
...such blockbuster mini-series as Roots and The Winds of War is now shying away from these extravagant ventures. Cheap game shows are not about to invade prime time, and Joan Collins' Dynasty finery appears safe, at least for the time being; but it is clear that more frugal times are ahead for ABC, and perhaps for the other two networks as well...
...same formula that Toyota used decades ago to overcome its "cheap Asian import" stigma and become one of the world's most respected brands. When Hyundai first entered the U.S. market in 1986, its Excel sedan--an econobox with a $4,995 price tag--was an instant hit with frugal buyers. But customers soon discovered they were getting what they paid for: Excels were prone to quality-control problems and frequently needed to have parts replaced. Sales tanked, and Hyundai became a laughingstock. In 1998, Late Show TV host David Letterman listed his "Top 10 Hilarious Mischief Night Pranks...
...same formula that Toyota used decades ago to overcome its "cheap Asian import" stigma and become one of the world's most respected brands. When Hyundai first entered the U.S. market in 1986, its Excel sedan?an econobox with a $4,995 price tag?was an instant hit with frugal buyers. But customers soon discovered they were getting what they paid for: Excels were prone to quality-control problems and frequently needed parts replaced. Sales tanked, and Hyundai became a laughingstock. In 1998, Late Show TV host David Letterman listed his "Top 10 Hilarious Mischief Night Pranks to Play...
...expo. "We are just doing what we have always been doing," he says with the humility of a people known throughout Japan as kenjitsu (rock solid). Compared with residents of Osaka, where personal and corporate bankruptcy rates are among the highest in the nation, Nagoyans are frugal. Local companies resisted making foolish bets during the bubble years, hence avoiding most of the damage from the crash. To this day, Nagoya companies sport some of the lowest debt loads in the country...