Word: low-cost
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...attack the cause of the problem, Dukakis has also introduced a housing package to the legislature that would fund 2550 new units of public housing. The package also includes funds for renovation and incentives for developers to participate in low-cost housing programs...
...cheaply in developing nations such as South Korea and Malaysia, where the cost of labor is lower than in the U.S. To remain prosperous, Reich says, American industry must concentrate on high-priced, low-volume customized products. Examples: computer-controlled machine tools and high-tensile-strength steel. But rather than retool factories to make such advanced products, Reich charges, many companies have stayed with low-cost goods and petitioned the Government for protection from imports...
...costs in some areas are down some 40% from their peak levels of two years ago. The result, for those with the capital or a gambler's nerves, is low-cost ventures that can make even cheap energy pay off. Argues Sanford McCormick, president of Houston-based McCormick Oil & Gas Co.: "At today's costs, there's nothing wrong with the exploration business at $28 a barrel. I'll take that any time...
...talks of plans for a new corporate entity he calls Global Motors. Rather than a megacorporation formed from actual mergers between car companies in different parts of the world, he envisions a setup in which Chrysler would undertake joint ventures with foreign manufacturers to get economies of scale or low-cost labor or design or technological expertise. The combines he talks about do not sound so different from the one GM and Toyota announced last month, a collaboration in California on the manufacture of a subcompact car. However, lacocca rails against that one because GM and Toyota are so enormous...
Nucor and Chaparral are leaders in a new class of companies that make steel in what are called minimills: small, low-cost plants that utilize state-of-the-art technology and, in most cases, nonunion labor. These factories contain none of the costly blast furnaces used to transform raw materials into steel. Instead, they take scrap steel, melt it down and reshape it into new forms. The minimills fashion small, specialized steel products rather than huge beams and sheets. Nucor's steel can be found, for example, in reinforcing rods for concrete walls, traffic barricades and lawnmowers...