Word: low-cost
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...this signals a U-turn for a stalled and much maligned part of the auto business. Detroit has traditionally viewed small cars as money losers, the province of low-cost Japanese and Korean brands; retirees and budget shoppers are considered the core customers, not the most desirable clientele. Sure, you need an economy car for first-time buyers, and small cars offset the lousy mileage of SUVs and pickups, enabling automakers to meet federal regulations for corporate average fuel economy--which, thanks to industry lobbying, have barely budged in more than a decade. Given a choice, however, most Americans...
...there are signs of hope. JetBlue Airways, the New York--based low-cost carrier (and one that virtually never cancels a flight) has lowered its already low fares: flights across the country are as low as $85. And Southwest Airlines is offering similar fares...
...Low-cost airlines like Southwest and JetBlue have long embraced such customer-friendly policies, but Delta is by far the biggest carrier to make such changes (America West Airlines started offering fairer fares in March 2002, followed by Alaska Airlines in February 2004). The airline hasn't published specific fares yet, but when it rolled out a test program in Cincinnati in August 2004, the highest ticket price to anywhere was $499 ($599 in first class). The delta.com website is also being revamped to ease the search for cheaper fares, as well as allowing passengers to get refunds and change...
...Santiago Center serves, however, more than just undergraduates. The office sends third-year HMS students to a local hospital to practice and train treating Spanish-speaking patients. And the Design School has begun a new program that focuses on the teaching of design and development of low-cost housing through The Santiago Center. The office also collaborates with individual members of the faculty on a number of projects, from museum exhibits to academic field conferences...
...whopping $10 billion in damages, bankruptcy administrator Bondi alleges that Buconero was used to dress up debt as an equity infusion, and says the bank must have known about Parmalat's true financial situation. Citigroup denies it, saying Parmalat was making use of a perfectly legal type of low-cost financing scheme employed by many other Italian companies. What's clear is that by the time it collapsed, Parmalat had established dozens of arrangements involving offshore companies - and banks earned huge commissions for helping it do so. An official accounting by Bondi shows that €6.5 billion - almost half...