Word: low-cost
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Asian nations have tended to follow the Japanese export model of development, starting with labor-intensive manufacturing of low-cost items like shoes and garments, then moving up the high-tech ladder to refrigerators, TVs, vcrs and, eventually, computer components and software. North Korea doesn't have that luxury: it has no cash for capital investments and no private sector. South Korea has a unique opportunity to pump up North Korea's economy. Despite years of animosity, it is probably in the South's interest to facilitate the North's economic growth. "If North Korea collapses and forces premature unification...
...that golden fork in his career. His first test comes in May, when he is to direct a science-fiction film from someone else's script. "I've got a lot of films I want to make," he says, "and not all of them are intimate or low-cost. I know that if you get smart people and name talent attached, you can make something a little more ambitious. But there's a big part of me that wants to have ultimate, intimate control over what I'm doing. Those are stranger movies. They're going to have to cost...
...University of Pennsylvania grad and high-tech entrepreneur--that online auctions had a flaw. They didn't work well for mass-produced items whose value was certain. So he decided to create an e-tailing site called "ebazon." Like eBay, it would connect individual buyers and sellers to trade low-cost, used goods. Like Amazon, it would offer simplicity of use and fixed prices...
Neeleman loved the potential he saw in New York City, largely considered a competitive hellhole for discounters. "Nineteen million people and no local low-cost carrier?" he asked after a press conference in December announcing jetBlue's millionth customer and third profitable month. "Even a small piece of this market...
...addition, the emergence of the megacarriers, who between them will control more than 50 percent of the American market, is likely to stymie the growth of regional carriers like Southwest and, more recently, Jet Blue, which serves the Northeast. In past few years, the presence and reemergence of these low-cost airlines has given consumers reason to hope that enough competition was present in the system to maintain pressure for reasonable fares and better service. But the looming mergers promise bad news for the little guys as well, says Gritta. The market gargantuans, he says, will smother smaller carriers, like...