Word: cheapness
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...House of Representatives but died in the Senate last week. Before Sept. 11, legislation of this kind had been stymied by two powerful lobbies: universities, which rely on tuition from foreign students who could be kept out by the new law, and business, which relies on foreigners for cheap labor. Since the attacks, they've backed off. The bill would have passed this time but for congressional machinations and is expected to be reintroduced and to pass next year...
When the going gets tough, Americans, apparently, shop fast, late - and cheap...
...CHAIR One of this year's most heavily promoted design debuts was Go, the world's first chair in magnesium, a metal lighter than aluminum. For a humble stacking chair it wasn't cheap--$700 and up--but Go has a lot going for it. The spindly silhouette by designer Ross Lovegrove has the glamour of liquid mercury. Just sitting, the thing looks like it's launching into warp drive. An overhyped one-season wonder? We think this chair has legs...
Junk bonds, on the other hand, have rarely been so cheap. They carry an average yield of about 12.25%, vs. about 5% for the benchmark 10-year Treasury bond. The difference between those yields, known as the spread, represents a hefty premium of 7.25 percentage points. The long-run average spread of junk over T-bonds is just...
...Chair One of this year's most heavily promoted design debuts was Go, the world's first chair in magnesium, a metal lighter than aluminum. For a humble stacking chair it wasn't cheap - $700 and up - but Go has a lot going for it. The spindly silhouette by designer Ross Lovegrove has the glamour of liquid mercury. Just sitting, the thing looks like it's launching into warp drive. An overhyped one-season wonder? We think this chair has legs...