Word: nickels
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...Union. His job was to cull items from other papers and put a spin on them. He answered the household-hint question, "How can chewing gum be removed from a carpet?" with this: "Don't take chances, is our advice. A new package will only set you back a nickel...
...little as one-fourth the salary of their American counterparts allow him to spend money on 13 senior managers, engineers and marketing people in Silicon Valley. If he doesn't outsource, in fact, the venture capitalists who fund start-ups like his won't give him a nickel. Sharma's Indian-American team, tethered by a broadband connection, gets his product in front of customers faster and cheaper. "As a business, you have to stay competitive," he says. "If we don't do it, our competitors will, and they're going to blow us away...
...Times, Shipler interviewed scores of people for this book--waitresses, shelf stockers, farm laborers, plus the social workers, union organizers and job trainers around them and the employers who take them on, not all of whom are crocodiles. His book lacks the first-person focus and angry wit of Nickel and Dimed, TIME contributor Barbara Ehrenreich's account of her attempts to get by on $6 or $7 an hour. But poverty is in the details, and he lays those out in abundance...
Copper is trading above $1 a pound for the first time in more than six years. Gold broke $420 an ounce. Nickel is at a 14-year high. The Reuters/CRB commodity index rose 9% in 2003, to its highest level since 1996. Do soaring prices for raw materials mean inflation for finished goods, as in the '70s and '80s? "Almost certainly not," Ben Bernanke, a Federal Reserve Board governor, said recently. Sure, China's infrastructure and consumer-spending boom have bolstered demand for commodities. China purchased some 20% of the world's copper last year, compared with...
Gold is trading at more than $400 an ounce for the first time in nearly eight years, and industrial commodities like nickel, rubber and cotton just had their fifth highest annual price gain as measured by the Journal of Commerce--Economic Cycle Research Institute index, which began in 1949. How can individual investors profit from the rush? Analysts don't recommend esoteric futures and options, which are subject to vagaries like war and weather. A more prudent option, analysts say, is buying stock in companies that supply copper and tin, or an exchange-traded fund like the Materials Select Sector...