Word: low-cost
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...study, released last Friday, raised the concern that the universities with large investment portfolios engage in “indirect tax arbitrage” by selling low-cost, tax-exempt bonds to finance some expenditures instead of spending endowment funds invested in high-yield assets...
Europe continues to maintain a relatively low-cost higher-education system compared to the U.S., but Ireland's struggles are becoming all too familiar in the economic downturn as cash-strapped governments across the continent have made massive cuts in public services and begun to charge for things that were once free. "There is definitely a cause for concern at this point," says Thomas Estermann, head of funding for the European University Association. "On the one hand, we see how important it is to invest in higher education and research to overcome the crisis, but governments that had to bail...
...Choi's low-cost philosophy--and his kimchi quesadilla--inspired Beth Kellerhals, a former chef at Chicago's Hot Chocolate, to take him her beer-and-pretzel ice cream sandwich and persuade him to start selling her desserts. "Working in fine dining, I liked the precision and commitment to good ingredients, but it's just food," she says. "Don't take it so seriously. Have fun while you're eating...
...already the world's largest manufacturer of solar panels. But the model provided by green-energy players is the right one: create new products and new markets, and watch new jobs flow. Without the personal computer, we wouldn't have Google and its 20,000 employees. Without everyday low-cost pricing, we wouldn't have Walmart and its 2.1 million...
...coffee, they will never believe it," he says (coffee being too foreign and expensive-sounding). "So our brand extension is limited by our customers." But those customers have been great for Tingyi, especially amid the uncertain economy of 2009, when it was a distinct advantage to be dealing in low-cost goods. For the first nine months of the year, Tingyi's revenues climbed 20% to more than $4 billion. (See portraits of Chinese workers...