Word: perring
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Dates: during 2000-2009
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...officials and activists. Dr. Daniel Vasella, CEO of Novartis, says the company realized it was pointless to try to sell a medication to people who couldn't afford it. So in 2001 the company signed an agreement with the World Health Organization to bring the price down to $1 per dose, or just about the cost of making it. Then the drugmaker went one step further, slashing that price again, to 80 cents - in other words, taking a 20% loss. Meanwhile, it ramped up production, subsidizing plant cultivation in China and Kenya in order to be able to provide...
...proved particularly difficult. The problem lies in how to successfully monitor the supply chain while still minimizing costs, and so far, no good solution has been found. Vasella recalls visiting a Catholic mission in a Tanzanian village recently and finding that the nuns there were still paying $1 per dose. "We have all the intermediaries marking up the price dramatically," he says. "We've heard reports of some charging as high as $8 a dose to get Coartem to remote areas...
...there is South Korea's Park Chung Hee. A general who took control of South Korea after a coup in 1961, he ruled, often with an iron fist, for 18 years. Yet he was also deeply moved by South Korea's destitution. In the early 1960s, the country's per capita national income was just over $100 and the economy depended on American aid. Park, a virulent nationalist, vowed to do something about this. "I had to break, once and for all, the vicious cycle of poverty and economic stagnation," he later wrote...
...makers of textured, daring rock. As a hedge, the band also paid visits to Dublin and London to check in with Steve Lillywhite, who helped U2 crank out some of its muscular early and recent hits. (Most bands would have to take out a second mortgage to cover the per diem for just one of these producers...
...critics, the Florida legislature's decision reflects not just fiscal necessity but a cultural bias against affordable housing that has grown since the Reagan era and got outright absurd in recent years. At the turn of the century, Florida was averaging about 10,000 new affordable-housing units per year; today it's about half that. Some Florida towns have even enacted minimum square-footage requirements for single-family homes and have all but zoned out affordable rental units. Last year a Miami developer, who was convicted because he used almost $1 million in public funds meant for affordable housing...