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...Acer CEO J.T. Wang chalks up the results to his company's willingness to adapt to unpleasant market realities. While competitors are trying to protect their profit margins by keeping prices of PCs stable, Acer, recognizing that consumers have less to spend nowadays, has been pushing low-cost computers including netbooks, shrunken portable PCs costing just a few hundred dollars. Wang says that computers priced under $500 are taking a larger share of overall sales; according to IDC, the average selling price of an Acer machine in the first quarter dropped to $611 from $855 a year earlier. "People...
...scooter," says Zhang Dengming, 50, a construction supervisor in Shanghai. "But after a while, I realized that e-bikes are actually much safer than motorcycles, and better for the environment. Although e-bikes are generally slower than gas scooters, I find them fast enough for my daily commutes. Their price, which is typically just over 2,000 renminbi ($290) is also more acceptable, so I don't feel as bad when they get stolen...
...right. Pikalyovo is one of hundreds of cities across Russia whose populations are supported by just one factory or one industry. If that factory or industry is wiped out by the global economic downturn - as Pikalyovo's was when the price of cement dropped and Deripaska's company Basic Element put half its workforce on forced leave - the whole town is sent into a tailspin. (See pictures of the global financial crisis...
...Liar!" whenever they encounter the President's backers. When he faced Rezai, a former Revolutionary Guard commander, in the final debate on Monday, Ahmadinejad appeared less confident. Rezai challenged the President on the economic numbers, saying, "People, after all, live in this country. They experience inflation. They know the price of things...
Calderón is particularly concerned about the nation's image because of the bottom line. In 2008, foreign tourists spent $13.3 billion in Mexico, the third biggest source of foreign income after remittances and oil exports. This year all three of these moneymakers are being clobbered. While the price of petroleum nose-dived with the crisis, the recession north of the border pushed Mexican remittances down 18.6% in April compared with the same time last year. To add to these woes, Mexico's manufacturing sector has been battered by a drop in spending in the U.S. In total...