Word: cheaper
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...recession has been good to McDonald's. As consumers trade down to cheaper, faster food on the go, McDonald's has kept up its growth during the downturn. Same-store sales rose 4.3% for the quarter that ended March 29. Profits were up 4%, to $980 million. In this economy, that's an explosion...
...China, into slamming their doors to pork imports from Mexico and the U.S. Also, with prices falling, there is a bit of a self-fulfilling prophecy: as prices fall, food processors that buy hogs cut back on their orders because they believe they can buy hogs at even cheaper prices later on. The result: prices keep falling...
Founded in 1918, Zojirushi long relied on Japan for the bulk of its sales. But as the recession tamps down luxury spending, competitors' cheaper models are making inroads against Zojirushi's luxury offerings. So Zojirushi has rolled out a wider range of tricked-out kitchen tools - from oddly small bread machines to too-smart toasters and wired teapots - that have allowed the company to expand sales overseas and well beyond rice. (See pictures of what the world eats...
...were not giving them enough positive information." Speed, he adds, is the second priority. "Yes, we have to check and coordinate information, but this does not mean we can justify not being on time." But with violence worse than ever and elections scheduled for late August, words are getting cheaper. "Ultimately," says Joanna Nathan, a Kabul-based analyst and author of the Crisis Group report, "cleaning up the government and proving that life is better is more important than talking about...
...world where the distinction between cablecos and telcos has become meaningless, cable operators have an advantage because it's cheaper and easier to retrofit their networks to support voice than to retrofit telephone networks for video and high-speed Internet. The sharp decline Bell Canada has sustained in its core fixed-line business is mirrored in telcos around the world. In the U.S., cable companies added 4.9 million voice subscribers in 2008, bringing their total to 20 million. By contrast, AT&T, Verizon and Qwest lost 10.9 million voice customers last year...