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Word: low-cost (lookup in dictionary) (lookup stats)
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...support for an often large family. Without the additional income, it is unlikely the family would even survive, let alone send the working child to school and educate him. The causes of poverty in countries where children need to work are overpopulation and a high population-growth rate. Low-cost labor is a principal competitive advantage for Third World countries attempting to improve their standard of living. Focusing on working children alone without addressing the issue of lost family income or lost national competitive advantage creates the impression that this is one more nontariff trade barrier being...

Author: /time Magazine | Title: Letters, Jul. 8, 1996 | 7/8/1996 | See Source »

...crash has shed light on some classic failures in the FAA's handling of low-cost carriers. For starters, after the ValuJet tragedy, Hinson and Pena trumpeted the airline's safety record--statements that began to seem increasingly surreal as inspection reports started popping up, showing ValuJet had committed enough infractions to merit grounding months ago. A number of FAA inspectors told TIME they sent regional offices and headquarters critical reports that were ignored. There is talk of a criminal investigation. And though the agency was concerned enough about ValuJet earlier this year to run a special review...

Author: /time Magazine | Title: CAN WE EVER TRUST THE FAA? | 7/1/1996 | See Source »

...become more sensitive to the spiritual needs of their patients. Increasingly, American medicine is a business, run by large hmos and managed-care groups with a keen eye on the bottom line. Medical businessmen are more likely than are scientifically trained doctors to view prayer and spirituality as low-cost treatments that clients say they want. "The combination of these forces--consumer demand and the economic collapse of medicine--are very powerful influences that are making medicine suddenly open to this direction," observes Andrew Weil, a Harvard-trained doctor and author of Spontaneous Healing...

Author: /time Magazine | Title: FAITH & HEALING | 6/24/1996 | See Source »

WASHINGTON, D.C.: A day after it grounded ValuJet, the Federal Aviation Administration acknowledged, with a veiled mea culpa, that it never moved quickly enough to regulate low-cost air carriers. As unflattering details have emerged about its oversight of ValuJet before the airline's DC-9 crash May 11, the FAA on Tuesday tried to calm the public and forestall further criticism by announcing a policy of tighter airline inspections and forcing its top regulatory officer to retire this month. Too little, too late? Probably. TIME aviation correspondent Jerry Hannifin reports that the May 11 crash...

Author: /time Magazine | Title: Damage Control at FAA | 6/18/1996 | See Source »

...afflicted farmers. Ironically, some safeguards began being phased out this year, as the 1996 drought was building. The new Freedom to Farm Act represents an attempt to wean farmers from price supports and occasional expensive supplemental federal disaster-relief bills with a system of fixed cash subsidies and low-cost, $50-per-crop insurance. Given these benefits, the reasoning went, farmers would be able to tide themselves over rough times without requiring ad hoc handouts. Almost no one thought this theory would be subjected to such a stern test so soon after the bill's passage...

Author: /time Magazine | Title: BONE DRY | 6/10/1996 | See Source »

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