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...cost of the i-MiEV by 30% to $33,100. That should help Mitsubishi meet its production targets of 2,000 i-MiEVs in the next 12 months, 6,000 in the second year of production and 15,000 the following year. Mitsubishi says it can turn a profit on electric cars when it reaches an annual production volume of 30,000 a year...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...have simply collapsed. The Hartford-based Connecticut Opera closed this year after 67 seasons. So did the 58-year-old Baltimore Opera Company. "Most organizations have been hurt," says Robert Lynch, president of the advocacy group Americans for the Arts. "But arts organizations aren't driven by profit. They're driven by mission. And they'll do anything to survive...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

...transactions like mine. Criminal gangs are behind Asia's black market in fake goods, and misguided shoppers like me inadvertently support child labor, human-trafficking and other nefarious undertakings by indulging in the cheap goods. The directness of the revelation is sobering. "Money spent on counterfeits is easy profit for criminal organizations," the soft-spoken French native insists, "and supports other activities like prostitution and drugs...

Author: /time Magazine | Title: Knock It Off: A Thai Museum for Counterfeit Goods | 6/8/2009 | See Source »

...Lacroix's situation is indicative of the state of luxury overall, a business that is structured on a pyramid model wherein companies invest in the high-end image of a brand that will generate profits at the lower end of the price spectrum. Lacroix, who launched his label in 1987 with the financial backing of Bernard Arnault, chief of the mighty LVMH Moët Hennessy Louis Vuitton, is a product of a 20-year creative and business cycle that has come crashing down with the recent global financial crisis. Despite his enormous creativity and influence on fashion, Lacroix could...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...that profit-making duty is what troubles the Harvard doctors. Boyd and his colleagues believe that their findings call into question whether insurers ought to have a voice in the ongoing debate in Washington over health-care reform. "These data raise a red flag about the prospects of opening up vast new markets for private insurers at public expense, as has happened in our state of Massachusetts, an oft-cited model for national health reform," the researchers write in their NEJM letter...

Author: /time Magazine | Title: How Much Do Life Insurers Profit from Tobacco? | 6/4/2009 | See Source »

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