It blamed competition from cheap entry-level products in emerging markets, a category it does not participate in.
During his brief stint in office, he has concentrated relentlessly on honouring his four big campaign promises: a debt moratorium for farmers, investment funds directed at the village level, cheap new health services and a centralised agency to nationalise and clean up corporate debts.
Purists point to many giant breweries' use of "adjuncts, " a kind of "beer helper" of syrups and unmalted (meaning ungerminated) grains like rice and corn that, among other things, thins the brew's body and boosts its alcohol level on the cheap.
Outsourcing has been so incredibly successful because it farms out low-level tasks to markets with plentiful cheap labor.
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To raise relatively cheap capital and avoid tax at the corporate level, the company reorganized as a master limited partnership.
After all, whether like vodka or not, there is a reason why the most expensive vodkas in the world cost about the same as an entry level bottle of Scotch or a cheap bottle of champagne.
Keeping basic consumption cheap, and charging heavily only above a certain level, means that user-fees do not bear down on poor people.
Ballot initiatives, the crack cocaine of democracy, have left only around a quarter of its budget within the power of its representative politicians. (One reason budget cuts are inevitable is that voters rejected tax increases in a package of ballot measures in May.) Not that Californian government comes cheap: it has the second-highest top level of state income tax in America (after Hawaii, of all places).
In the end, Germany can still modify its energy plan to reasonably address its ideological concerns and bring up renewables to a sustainable level without doing away with their only clean and cheap energy source.
Tariffs for using utilities and the infrastructure are extremely low: local calls are usually free, gas prices artificially cheap and wholesale electricity costs about a tenth of the average European level.
These were much lower than those of its rivals, drawing accusations that it was trying to force them to mark their portfolios down to the same level so that it could pick up assets on the cheap in the ensuing wave of firesales.
Besides being cheap, these have the advantage that previous research has shown that a male's level of flashiness in the eyes of a female can be manipulated by putting coloured rings on his legs.
Baldwin says he has 15 million people in his marketing database, but he'll first go after high-level Strip casino employees, wealthy boomers and foreigners who can take advantage of the cheap dollar to own a place in Vegas.
These are reasonably cheap, often generic, pharmaceuticals that, although they do not cure someone, do lower the level of the virus in his body to the extent that he suffers no symptoms.
Taking this distortion to yet another level, compared to high yield bonds, blue-chip, high quality stocks look incredibly cheap!
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Yes, China still has cheap labor, but not mentioned in the article are the generally accepted projections that the labor force will level off in a half decade and then shrink.
At the most basic level, financial markets stand accused of knowingly selling over-priced shares by claiming they were cheap, and of doing so in ways that benefited some of their customers (and themselves) to the detriment of others.
We may be better angels now than before, and we may be too distracted enough by cheap entertainment to avoid a life of crime, but we are still failing one another on a very basic level in not just our criminal justice system, but our public education system and our basic social contract.
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