Word: low-cost
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...them, even at absurdly low rates, to buy something -- in the West. Fretted Prime Minister Modrow: "East Germany must not become a nation of speculators." The government's bewilderment underlined the problems encountered by a Communist leadership, albeit a reform-minded one, in coming face to face with the complexities of capitalism. Within a matter of days, the East German currency -- officially at parity with the deutsche mark -- fell to one-twentieth of its denominated value. One result is that foreigners as well as East Germans with access to hard currencies can buy up low-cost East German marks...
Zenith had expanded into computers to reduce its reliance on TVs, a business that low-cost foreign producers were beginning to dominate. The company bought the electronics-kit maker Heath in 1979 and expanded the division to include a line of laptop computers. Zenith's machines are now among the world's best sellers, bringing in about 60% of the company's revenues of $2.7 billion. With this deal, Bull will become the largest European-based computer maker...
...Japanese steel firm Yamato Kogyo and North Carolina-based Nucor were looking for a 500-acre site to build a jointly owned mill, the townspeople rallied to action. The school system agreed to add extra English classes and hire special tutors. The Cotton Boll Vocational and Technical School promised low-cost training to help Japanese technicians adjust to U.S. industry standards. The state police agreed to waive all requirements for driver's licenses except the written exam. Says Mississippi County Court Judge Joe Gurley: "We promised them just about anything they wanted. We were desperate...
Residents are concerned at the amount of traffic and security problems the facility would create in the neighborhood, they said. They also said they were hoping the site could be used as low-cost housing instead...
Other changes--not directly linked to the student uprising--forced Harvard to reevaluate the way it dealt with the community. In 1970, the city enacted its current rent control law--designed to put an end to the practice of landlords splitting up apartments and to provide low-cost housing for the city's residents...