Word: low-cost
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Harvard has given $20 million in low-cost housing loans to Boston, but that money will be distributed throughout the city, and is not earmarked for the immediate area surrounding Harvard’s property...
...will be a turnaround story like Chrysler by the time he leaves in three years. "This gang has just the esprit de corps and even more capability than we had back then," he says. He acknowledges that once he left Chrysler, the company lost sight of its high-design, low-cost mission. "I realize now that what I have to do here is leave behind a system that works." Really, that's Rick Wagoner's job, but now he'll get a jump start from Bob Lutz...
Meanwhile, Wal-Mart is looking for other markets to conquer. It would like to offer low-cost checking and savings accounts and other financial services in branches, managed by a division of Canada's Toronto Dominion Bank but staffed at least partly by Wal-Mart employees. Wal-Mart figures that perhaps 20% of its customers do not have bank accounts. It is trying to work its way around U.S. banking regulations that currently forbid entities such as retailers from running banks. That's where partner TD comes in. Who knows? Maybe K Mart will apply for a loan...
...knew that. We knew it in 1997 when the White House Commission on Aviation Safety and Security (the Gore Commission) said so, and advised that aviation security should be a national issue and funded accordingly, not left to the low-cost efforts of highly competitive airlines. "Everyone knew the system was broken," says Jim McKenna, former director of the Aviation Safety Alliance. "But no one or nothing could force a change. The combination of four aircraft hijacked and destroyed, with thousands killed, may be enough to force that change...
...feeling like South Africa, Brazil and other developing nations desperate for needed medicines at low cost. When politicians mentioned overriding patents, Bayer struck discount-purchase deals. Bayer also donated 4 million tablets to the U.S. for emergency and postal workers. Other companies, too, are eager to promote their own low-cost anthrax treatments...