Word: low-cost
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Died. Enrico Piaggio, 60, Italy's Vespa king, a wartime aircraft manufacturer who revolutionized European road travel with his 1946 development of a low-cost motor scooter that now sells in more than 120 countries; of peritonitis; in Varramista, Italy...
...obvious that your reporters never got within a country mile of an honest-to-God farmer with manure and dirt on his boots. Farmers laugh aloud at the bickering efforts of farm organizations to solve problems. Most farmers belong to a farm organization only to participate in low-cost insurance programs or cooperatives, which are growing bigger all the time. The Farm Bureau itself is looking into the idea of buying a huge supermarket chain. Farm organizations are big business, as Shuman is aware...
...Since 1963, however, only $400,000 has been budgeted for new studios, and just 92 ateliers have been built. For the next five years, Malraux has only $200,000 a year to spend on artists' housing. Other than that, he can only encourage real estate developers to include low-cost ateliers in their high-cost apartment buildings...
...women's tights. Yet Schulte is busy finding new areas to which he can apply his cost-cutting tactics. He is building in the Ruhr Valley a multimillion-dollar plant that the West German sweater industry is convinced will soon be producing tens of thousands of low-cost synthetic sweaters every day. Result: the $375 million industry is mobilizing for almost certain invasion and a price...
...expensive. Fringe benefits, for example, add up to as much as 55% of the average salary, compared with only 16% in the U.S. Besides providing cradle-to-grave medical and pension plans, companies in Italy are also expected to provide such extras as summer camps at the shore, low-cost housing and nurseries for employed mothers. French companies with more than 15 employees are required by law to provide lunch at greatly reduced prices. A German is more likely to change jobs for a better Betriebsklima, or working climate, than for more...