Word: low-cost
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...worded statement he announced the possible upcoming sale of part, "or under certain circumstances even all," of the country's fifth-largest airline, which had 1985 revenues of nearly $1 billion. Thus came to an uncomfortable reckoning, if not an end, an experiment that in only five years of low-cost, no-frills travel profoundly shook up the U.S. airfare structure and challenged the longtime dominance of the major airlines...
...more recent action down at City Hall this spring, a first-term city councilor has offered a series of scandalous proposals which would weaken, if not destroy, rent control and Cambridge's method of providing low-cost housing to its neediest citizens. Throughout the whole legislative debate, however, Harvard's large legislative lobbying staff was conspicuously quiet on the matter--and no wonder, given the University's poor track record on rent control...
...contrast to how it fared in the difficult decade of the 1970s, the U.S. now stands as a winner in the energy game. Even a brief era of low-cost oil will give the country an opportunity to enhance American prosperity without fearing the old nemesis of inflation. Yet in enjoying this good-times atmosphere, the U.S. cannot afford to forget the tough lessons of the past. It should aim to preserve its oil independence so that the economy can keep cruising down the road instead of sputtering to the curb once again...
Thanks partly to low-cost fuel, Europe is expected to show real growth of about 3.5% this year, its most vibrant performance in a decade. Several governments aim to use the opportunity to make fundamental improvements in their economies. Italy's Prime Minister, Bettino Craxi, for example, hopes to reduce the country's runaway budget deficit, which is expected to hit $50 billion this year...
...membership boom also has roots in the hardening realities of today's economy. Acceptance in a fraternity or sorority often entitles a student to convenient, low-cost housing (at the University of California, Berkeley, for example, an average of $317 a month for room and board, compared with $455 for a dormitory room). In addition, many of the societies now provide extensive job counseling, instruction in resume writing and interview techniques. Then, too, says University of Washington Junior Michelle Lessard, "you can make a lot of connections, and you need them in today's job market...