Word: pricing
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...most agree the potential repercussions are far-reaching. "It's the ripple effects, the domino effects" that are worrisome, said Pincus. "I think it's [going to be] one of the next shoes to fall" in the credit crisis. Miller said the subprime debacle, rising unemployment, record-high oil prices, and now CDS market troubles "have all the makings of the perfect storm.... There are some economists who say this could be another 1929 - but I don't believe it," he said. "We have a lot of safeguards built into the system that did not exist...
...high-tech 44-mm chronograph with a 53-piece case. Says Concord's U.S. president, Alex Grinberg: "With the introduction of the C1, this is really what we stand for and what our true identity is. It's about being unexpected, modern and innovative." The C1's price, starting at $9,400, is a jump above the brand's old median, and smaller production runs and fewer outlets?just 2,000 pieces in 2008 and 25 dealers in the U.S.?are further signs of Concord's new direction. Down the road, expect a C2 and, for the deep-pocketed...
...Thailand to study gemstones and began his eponymous label, M.C.L. Design. On a trip to New York City last year, he met with buyers from Bergdorf Goodman and landed a coveted spot at the luxury retailer. His colorful enamel bangles, earrings and cocktail rings encrusted with gemstones, ranging in price from $120 to $12,000, were an instant hit and have been reordered nine times...
Meanwhile, Japanese consumers are faced with a mixed bag. The slight appreciation of the currency helps in capping the rising cost of food and fuel, which have both become concerns due to price inflation. But because dollar-based profits from overseas will drop, corporations could cut back on capital investment and employment, which will have a spillover effect on households. "The negatives outweigh the positives," says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland...
...shortage of would-be environmental entrepreneurs - the same class of people who brought us the Internet and biotech - those solutions won't leave the laboratory without political support. Right now there are countless smart new ways to get energy that won't destroy the Earth, but they're not price competitive with cheap fossil fuel power because they lack economic scale. As solar panels or wind turbines are produced in bulk, the price will fall - but that won't happen until government sends a strong signal to producers and energy consumers. And the only way to do that, Krupp argues...