Word: one-third
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...management's attention and the company's account; Daimler's share of Mitsubishi's 2002-04 losses totaled more than $1 billion. The company's biggest acquisition, the $36 billion purchase of Chrysler Corp. in 1998, remains deeply controversial. The market value of DaimlerChrysler, the combined firm, is about one-third less than when the merger was announced. "They frittered away their cash," says Helmut Becker, a former chief economist of rival BMW, who works as an industry consultant. "If they hadn't, the quality problems wouldn't have come about...
Opened just two weeks ago, this used bookstore specializes in scholarly used books. Most books are brand-new remainders being sold at one-third of the cover prices, so you can finally pick up that Bukowski you’ve been meaning to read for a mere $6.95. On your way out, don’t forget to pick up a free complimentary Thelonious Monk or Isabelle Eberhardt bookmark...
...costs by downsizing and off-shoring. Today, Germany's unit-labor costs have fallen way below those of Italy, Spain and France. While job-protection remains a holy cow, business and labor have quietly agreed to let weekly working hours creep up and paid vacation days come down. Almost one-third of the German workforce is now temporary or part-time, granting companies a generous measure of flexibility. Nationwide labor contracts have long been sacred, stubbornly ignoring local economic conditions. But in practice, more and more wage deals are being struck on the shop floor, where labor and management...
...found the ultimate cash cow in the U.S. airlines, which pay 14 separate taxes. The Air Transport Association says the industry is going to lose $10 billion this year, but the government is taking $15.2 billion in special aviation taxes and fees. If the industry were to pay only one-third of its taxes for 2005, it might break even! Few passengers realize that more than 20% of the average $200 ticket is taxes and fees. The government is hooked on those revenues like a junkie and can't seem to get off. Even today, one Florida Congressman is advocating...
...says, you're only as happy as your saddest child," says Kightley. "If you look at the statistics, the saddest kids in New Zealand are the brown ones. They are at the wrong end of too many indicators. That tells me we need to improve things from the bottom up. Doesn't that lift everyone?" Despite strong job growth, unemployment rates for Maori and Pacific Islanders are way above national averages; one-third of Maori children live in families that rely on welfare. Clark says education and acquiring skills will get them out of poverty. "Labour's always...