Word: cheaping
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...Sony's market-leading PlayStation video-game console and its final assembly take place there. In fact, of more than 1,000 companies surveyed by the Japan External Trade Organization, 42% said they are considering shifting some or all of their manufacturing operations to the mainland. Labor is cheap, of course. But also, according to Tadashi Matsumoto, senior vice president in charge of manufacturing for Toshiba Corp., Chinese workers "are more highly motivated and harder working compared to the Japanese...
...recession and after the savings and loan collapse of 1988. Tokyo said it wanted to avoid layoffs, that companies would recover when the economy perked up. The real story is that Tokyo's instinctive reaction has been to dole out government contracts to construction companies and make banks provide cheap capital to keep retail empires going. (In January, the government backed a bailout of struggling Daiei Inc., a retailing giant that needs $3 billion from its main creditor banks to stay afloat.) This kind of propping up and bailing out is expensive: healthier parts of the economy and eager entrepreneurs...
...expected by 2004. Providing a leg-up to ethnic Hungarians in countries outside an expanded E.U., she says, might dissuade them from rushing the border in years ahead. But analysts point out that Hungary may also be using the law as a way of importing cheap labor to make up for a shortage of skilled workers...
...decimated the transatlantic trade - the airline lost $205 million in its most recent quarter - and now Eddington is shifting focus back to coach. Although he's cutting routes even as O'Leary is buying new planes, he hopes B.A. can take a bit back from the discounters by selling cheap tickets over the Internet and simplifying its short-haul fleet to get more out of each aircraft. He's still not charging for peanuts, though...
...Napster's heyday, pirated TV shows were a rarity on the Net. But that changed with the advent of broadband home connections, $40 TV tuner cards that snap into your PC and cheap ways to store data. Looking for episodes of Friends? The MPAA counted more than 5,000 locations on the Internet last year where people could download episodes for free. Using custom software to track copyright violations, it also found 4,000 sites for The Simpsons and 2,000 for The Sopranos. Big Pussy is not going to like that...