Word: pricing
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...take over three months to finish one of Obin's pieces, whether it's a shawl or shirt. Be aware of that as you browse the shelves of Bin House, her flagship store, and raise your eyebrows at price tags in the hundreds of dollars (a top-of-the-line item, like a custom-made wedding kebaya, or blouse, can cost up to $10,000). "I am simply trying to breathe new life into the craft," Obin says. "What I would really like to do is wrap the whole world in cloth." So long as it's her cloth...
...change in the limits is little consolation for Northern Rock now. Although the bank runs have stopped, it still faces formidable challenges. The credit crunch and dry interbank lending market will make it more difficult for Northern Rock to finance new mortgages at competitive rates. And with its share price still in tatters, it could soon find itself bought out by rivals. (Its stock slumped again on Sept. 19, amid rumors of an imminent takeover bid.) Are other British banks similarly vulnerable? Less so, since they never relied on the credit markets to the degree Northern Rock did. Even...
...less a figure than Nelson Mandela has condemned Big Pharma for exploiting the dying; and in Kenya in 2004, a Jesuit priest who ran an orphanage in Nairobi, Father Angelo D'Agostino, made headlines when he accused the "drug cartels" of "genocidal action." Today drug companies have lowered the prices of some ARVs. But the controversy threatens to reignite. In July, Médecins Sans Frontières (MSF) warned that newer, more effective drugs were once again being priced prohibitively high. "There is a serious risk that the price crisis ... is set to return," MSF said...
Greenspan is the first to proclaim that his job was made dramatically easier by the fall of the Berlin Wall, the technology-fueled transformation of global business and the long decline in the price of oil and other commodities. He was not a magician, just a very competent central-bank chief with a knack for being in the right place at the right time (not only at the Fed: as a young man, he studied music alongside future saxophone great Stan Getz, learned statistics from the guy who devised the Index of Leading Economic Indicators and thought his first deep...
...same time, on average, white elementary-school-age children go to schools in which about a third of the students qualify for free or low-cost lunches, while the typical black or Latino grade-schooler attends one in which two-thirds of children are in the reduced-price lunch program...