Word: steepness
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Dates: during 2000-2009
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...Year's in New York. The recently opened Stay Hotel in New York's Times Square area is offering two special packages - the prices may seem a bit steep, but they include lots of goodies (plus, the hotel has feather beds!). The "Stay Til Next Year" package comes with a personal shopper - complete with a $250 gift card to H&M, $100 gift card to Sephora and a consultation with a make-up artist - two tickets to the New Year's Eve party at the hotel's restaurant, Aspen, champagne and a special dessert in-room, plus room service breakfast...
...Passenger traffic, it forecasts, will slide 3%, the first fall since 2001. Next year looks particularly bleak for European carriers. Having hedged more than U.S. rivals against the spiraling fuel costs earlier this year, European airlines - now locked in to fuel contracts - are less able to benefit from the steep slide in the price of oil in recent weeks. American carriers have also reacted quicker than European rivals when it comes to cutting back on capacity. So while U.S. airlines account for most of the global industry's losses this year, IATA expects them to turn a profit...
...political consequences of failure for Karamanlis may be steep. Already his government was hanging on with a razor-thin majority in Parliament ahead of a crucial budget vote later this month...
...price of halfway restructurings was steep. In 1985, GM aped Japan's practice of building global cars - the idea was to share chassis and parts across brands, a strategy that made sense at the engineering level. At the consumer level, it was a disaster. Internal clashes for control removed imagination from design, resulting in look-alike Buicks, Oldsmobiles and Pontiacs. Sales declined; cue another restructuring. The Germans, who have their own auto culture, were no match for Chrysler after they bought the company in 1998. No wonder they gave it back...
Business is starting to catch on, too, not least because of the potential long-term cost savings. While the initial investment in new digital lighting is steep, the long life of the lights means that it can be a smart one-time buy. In Britain this year, supermarket giants Tesco and Sainsbury have both announced plans to substitute fluorescent with LED lighting in their freezer sections. Hotel chains are also making the switch...