Word: standardized
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...turn a profit. But J.N. also had a patrician vision of spreading wealth and lifting a nation. In a 1902 letter to his son about building a workers' city around his Tata Steel works, he deplored the squalor of industrial England and anticipated what would become a standard for urban planning: "Be sure to lay wide streets planted with shady trees ... Be sure that there is plenty of space for lawns and gardens." After his death in 1904, the city took his name, becoming Jamshedpur. Tata Steel introduced a series of worker benefits that would become common only much later...
...luxury segment with its $68,000-plus Phaeton sedan, which flopped. The company has slashed sticker prices on the Jetta (lowered $1,400, to $16,500) and Rabbit ($1,000, to $15,000), hoping to recover profits with higher volume. And future models won't contain as many standard features, according to Hallmark. The idea is to produce cars that can compete more effectively in the midmarket. Designing cars for the local competitive landscape is precisely what the Japanese have done for decades, of course. But, Hallmark says, "it's a huge change in perspective" at VW headquarters in Wolfsburg...
Result of? Due to? Critics were quick to ask how the researchers could impute causality when no actual TV watching was ever measured. "The standard interpretation of this type of analysis is that this is cause and effect," Waldman insists, adding that the 67-page study has been read by "half a dozen top-notch health economists...
Henry Stimson knew a thing or two about excellence. A graduate of Andover and Yale, he was a famed lawyer, the governor general of the Philippines, secretary of war and secretary of state, and was, by any standard, among the cream of political life in the United States. Yet four years before his death in 1950, he wrote a letter to James B. Conant ’14 that suggested something less than satisfaction...
...tomatoes in our dining halls or are writing a paper on a computer made in China, it has become impossible to escape market forces. Economic factors also affect our major life decisions, including deciding where we live, what we do, how much education we get, and what our standard of living is. Given the importance of markets, we think it is critical that a Harvard graduate have both an understanding of how they work and an understanding of their failures and shortcomings...