Word: low-cost
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...what about prevention? Many African countries are working to sell or distribute low-cost insecticide-impregnated mosquito nets. These function as traps for mosquitoes, which are attracted by the carbon dioxide that sleepers exhale and are then killed by the insecticide. The nets are portable, so they can be taken along by their owners if they need to move. In villages where at least 80% of pregnant women and children under age 5 sleep beneath insecticide-impregnated mosquito nets, the rate of illness for all residents has dropped dramatically. Unfortunately, only 1% or 2% of people in malarial zones sleep...
...years, LG's market presence surged. Revenues jumped 18% last year, to $17 billion, and net profits rose 33%, to $556 million. Last week, the company announced a whopping 85% boost in second-quarter net profit, to $425.5 million. LG has the electronics world bracketed. At the commodity end, low-cost plants in China make the firm a power in developing markets. At the big-bucks, high-tech end, LG's home in broadband-rich South Korea has fostered a focus at LG on design and function that fits perfectly into the emerging digital home. Last year...
...growth has brought LG to the cusp of greatness, but not quite into the industry's aristocracy. Still missing is the global brand name crucial for commanding high premiums and outpacing low-cost manufacturers in China. It's an accomplishment hardly any Asian corporations have managed to achieve. "We've had success at the foothills," says Woo Nam Kyun, president of LG's digital-TV operation. "Now we have to climb the mountain." The climb LG has chosen is Mount U.S.A. This year LG is making its biggest thrust ever into the U.S. market, with a $100 million budget...
...River. It would be wrong, though, to underestimate Kim, who has become a near legend in Seoul for the turnaround he engineered at LG's appliance business. When he took over in 1996, LG was making washing machines and refrigerators that seemed little more than cannon fodder for low-cost Chinese companies like Haier. Kim sliced costs by moving production of low-end products to China. He proved there is room for innovation in basic white goods, introducing, for example, appliances like air conditioners that can be controlled from the Internet. The result: sales reached $4.7 billion last year, more...
...safety tips. Many of the hostels listed will let you book a bed online. Most students are already familiar with the low-budget agency STA Travel, which has hundreds of branches worldwide. In addition to booking flights and travel packages, the website (www.sta.com) lists top hostels and budget hotels, and offers discounts for STA members. Hosteling International (www.hihostels.com) has ratings, discounts and general information - it also sells "communication packages" with 24-hour travel assistance, low-cost long-distance calls and free e-mail accounts that students can access over the phone. There's no excuse for not calling...