Word: low-cost
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...just $8 million. That means the annual return on the much smaller up-front investment zooms to a fat 25%. Lower-rated auto loans can pay as much as 30%, but they have a much higher rate of default - and potential buyers will not get access to those low-cost government loans. Plus, these days, few investors are willing to take more risk than they have to. With no one to sell the lower-quality stuff to, banks may be stuck holding it. The good news is that so far, credit-card and auto loans have not had the same...
...Rather, it tries to make students competitive applicants to a wide range of top-tier law schools, said Lee. In addition to not charging a fee, the program also offers a $3,000 stipend to offset the lost wages of a summer job. Though similar programs provide free or low-cost test prep services to needy students, none lend the institutional imprimatur of a prestigious law school such as Harvard or NYU—which might explain the large number of applicants it received in its first year. Applicants will be selected in a two-part process that considers...
Potty Talk. RyanAir, the low-cost European carrier, floated the idea of charging customers 1 pound (about $1.45) to use in-flight toilets. It wasn't clear whether CEO Michael O'Leary was serious about implementing the fee, which he said would help lower ticket costs, or just courting media attention. Europeans may be accustomed to paying for using the facilities on trains and in public places, but let's hope domestic carriers don't latch on to the idea...
OLPC was launched three years ago to provide children with “rugged, low-cost, low-power, connected laptops with content and software designed for collaborative, joyful, self-empowered learning.” The machines—called “XOs”—run without electricity and rely on hand cranks for power. Since its beginning, OLPC has distributed about 500,000 XOs in 31 countries. Even better, for $399, a consumer can simultaneously purchase an XO and donate one. OLPC also receives major ad time from worldwide corporations like News Corp, CBS, and Time...
...most Q400s of any fleet in North America and expects to have 48--70% of its fleet--by 2009. "The economics were there," he says. "And as fuel goes up, we just look smarter and smarter." The Q400 might allow the regional to go up against low-cost, short-haul king Southwest and its fleet of Boeing 737s...