Word: low-cost
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...fact, 600,000 migrants went to Britain in the first two years, more than half of them from Poland, and more than 300,000 East Europeans landed in Ireland. Low-cost flights to Dublin from Katowice, Cracow and Wroclaw were jammed for months. Newspapers sprang up to serve the new arrivals; bulletin boards outside churches across Ireland advertised for laborers with many of the notices written in Polish. In one English county, officials have begun adding road signs in Polish because immigrant truck drivers were getting confused...
...first need to analyze the remarkably heady period that preceded it. Fearing deflation after the meltdown of tech and Internet stocks in 2000 and the terrorist attacks of Sept. 11, 2001, the U.S. Federal Reserve Board cut the Fed fund rate from 6.5% to 1%. The easy availability of low-cost loans triggered a dramatic rise in borrowing, which lifted the prices of all assets, including stocks, real estate, commodities, bonds, art and wine. As U.S. consumption boomed, the nation's trade and current-account deficits exploded. But when economic growth is dependent on accelerating debt growth, the supply...
...more than 15,000 migrant laborers each year from the new E.U. countries; in Ireland 10,000 were predicted. In fact, 579,000 came to Britain in the first two years, more than one-half of them from Poland, and over 300,000 from Eastern Europe to Ireland. Low-cost flights to Dublin from Katowice, Cracow and Wroclaw were jammed for months. Newspapers sprang up to serve the new arrivals; bulletin boards outside Catholic churches across Ireland filled up with notices looking for laborers, many of the advertisements written in Polish. In one English county, officials have begun erecting Polish...
Despite questions about its accuracy and criticism on other college campuses, some Harvard professors and teaching fellows have incorporated Wikipedia, the online collaborative encyclopedia, into their syllabi. “I believe Wikipedia is an excellent resource because of how low-cost it makes the process of looking for information,” wrote economics graduate student Reinier A. Schliesser in an e-mail. “When I was looking for readily available materials for our discussion-focused class, I found some of the articles in Wikipedia quite useful.” Schliesser, who teaches the sophomore economics tutorial...
...could offer older consumers cheaper rates for home insurance. Back then, home insurance in Britain was sold on a one-price-fits-all basis. Saga correctly reckoned that older homeowners were less risky to insure, so their premiums could be lower. Saga applied the same formula to sell low-cost auto insurance and then broadened to offer a full range of insurance products. Of course, other insurers use age as a pricing criterion, so Saga also stresses not only value but customer service...