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Here's how a utility can make more by selling less. Instead of spending $2 billion on a new 1,000-megawatt power plant, say, the utility decides to spend $2 billion or less insulating homes, paying customers to install more efficient equipment, and making the grid smarter. Taking those steps would slash power consumption by more than 1,000 Mw, eliminating the need to build the power plant and cutting greenhouse gas emissions at the same time

$2 billion investment

Even though the price of electricity will be higher, customers who comply will be using much less power (and those who don't will effectively subsidize those who do)

The new model isn't a sure thing

KT officials said the company is aiming to continue its dominance in the local market by adding live chat video and even Wi-Fi functions to the upcoming devices.

During the period from November last year to Jan. 7, KT sold 220,000 units of 3G iPhones ― a good performance for the carrier.

KT, led by CEO Lee Suk-chae, is targeting to sell 500,000 units of iPhones including the 4G ones by the end of this year, a KT spokesman said.

In a letter Mr. Villaraigosa sent to Mr. Beutner when hiring him, the mayor said, "I recognize we need a top to bottom revitalization and refocus of our economic development team here at City Hall to make certain job creation is the overarching focus at all levels and in all offices and departments."

Chief Deputy Mayor Jay Carson. "We have to view every decision we make through the prism of job creation."

Southern California's economy has been among the hardest hit in the country. The area's housing market was one of the first to collapse. And in Los Angeles, mainstays such as the film industry have suffered as other states woo productions away with rich tax incentives

Last week, the city was dealt a psychological blow when Northrop Grumman Corp., the last major firm of the region's once-dominant aerospace industry, announced it was moving its headquarters to the Washington, D.C. area

Los Angeles has slashed services as it tries to close an $80 million budget gap

His annual salary is $1.

Some major stores that sell big-ticket items have moved to neighboring cities to avoid the high cost and difficulty of doing business there, such as delays in obtaining building permits, and a range of fees and taxes higher than most other cities in the area, business leaders said.

"The hardest thing is going to be to change the mindset here," Mr. Beutner said. "For the first time in a long time the city is going to be forced to change the way it does things. The most fundamental thing is to change the mindset of those who work in the city [government]. We serve business. They're our customers as opposed to the other way around."

Despite growing competition, RIM sold more than 10 million devices in the quarter

with strong growth coming from outside of North America and in the consumer segment.

some economists predict it will be years, not months, before employees regain any semblance of bargaining power

this recession's unusual ferocity has accelerated trends—including offshoring, automation, the decline of labor unions' influence, new management techniques, and regulatory changes

forecast for the next five to 10 years: more of the same, with paltry pay gains, worsening working conditions, and little job security. Right on up to the C-suite, more jobs will be freelance and temporary, and even seemingly permanent positions will be at greater risk

We're all temps now.

the brutal recession has prompted more companies to create just-in-time labor forces that can be turned on and off like a spigot

Employers are trying to get rid of all fixed costs

Everything is variable

people who graduated from college in a recession earn 2.5% less than if they had graduated in more prosperous times, research has shown

Diminishing job security is also widening the gap between the highest- and lowest-paid workers. At the top, people with sought-after skills can earn more by jumping from assignment to assignment than they can by sticking with one company. But for the least educated, who have no special skills to sell, the new deal for labor offers nothing but downside.

All the employees had just stopped working

When wealth is talked about in this context, it is often described as a pie. "You can't make the pie larger," say politicians. When you're talking about the amount of money in one family's bank account, or the amount available to a government from one year's tax revenue, this is true. If one person gets more, someone else has to get less.I can remember believing, as a child, that if a few rich people had all the money, it left less for everyone else. Many people seem to continue to believe something like this well into adulthood. This fallacy is usually there in the background when you hear someone talking about how x percent of the population have y percent of the wealth. If you plan to start a startup, then whether you realize it or not, you're planning to disprove the Pie Fallacy.What leads people astray here is the abstraction of money. Money is not wealth. It's just something we use to move wealth around. So although there may be, in certain specific moments (like your family, this month) a fixed amount of money available to trade with other people for things you want, there is not a fixed amount of wealth in the world. You can make more wealth. Wealth has been getting created and destroyed (but on balance, created) for all of human history.Suppose you own a beat-up old car. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. In doing so you create wealth. The world is-- and you specifically are-- one pristine old car the richer. And not just in some metaphorical way. If you sell your car, you'll get more for it.In restoring your old car you have made yourself richer. You haven't made anyone else poorer. So there is obviously not a fixed pie. And in fact, when you look at it this way, you wonder why anyone would think there was.