Word: low-cost
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...spate of economic reports last week tended to support that view. Buoyed by a 7.1% jump in August purchases of U.S.-made cars, retail sales rose a strong 1.9% for the month. Much of the big auto gain reflected the low-cost financing that car- makers used to help clear dealers' lots. The Government also disclosed that industrial production rose a modest .3% in August, after remaining unchanged in July. The small increase showed that imports continue to cut deeply into American factory output...
...hate to see the only department store go,' said Phyllis O'Connor of Arlington. Lugging her grandson through the television department, she added that she was going to miss shopping at the family store, famous for its variety of low-cost merchandise...
About the only thing the experts agree on is that illegal immigration is a ^ boon for employers and consumers. Low-cost labor allows businesses to be competitive while earning healthy profits, and some of the benefit is passed along to consumers in the form of lower prices. But illegal immigrants may also compete with unskilled Americans for many jobs. "Some people are hurt by illegal aliens, and some benefit," says Weintraub...
Many economists and businessmen dispute that conclusion. Indeed, they argue that the illegals help preserve and even create jobs in the U.S. Especially in industries facing competition from low-cost imports, these experts say, the availability of immigrant labor can make the difference between survival and bankruptcy. It is claimed that the garment industry in Florida thrives largely because of the influx of Hispanics. Says Warren Henderson, an official with the Florida department of commerce: "Without an abundant pool of willing workers at a relatively low cost, many industries will be forced to shut down entirely or move offshore...
Stadium design has also been cited as a reason for the frequency of English soccer violence. Trouble at games often starts among the working-class youths who fill up the low-cost, standing-room areas known as terraces, similar to the areas occupied by the Liverpool and Juventus fans in the Brussels stadium. Sir Philip Goodhart, a Conservative Member of Parliament, believes that one reason there is less fan mayhem at sporting events in the U.S., a nation that many Britons regard as violence prone, is that its stadiums have fewer standing-room sections. Says Goodhart: "It is very difficult...