And therein lies the problem: like chipmaking, LCDs could become another roller-coaster industry.The joint-listing in Seoul and New York of LG Philips was cut in value to allay fears of a coming production glut.
Cut-Off and Cut-In values were established as described in Additional file 1: Figure S1C.
"Inflation and extra costs will mean a real terms cut in the actual value of funding per pupil of 8% over the next four years.
Everyone's wages have suffered a deep cut in value.
In Europe a cut in value-added taxes would be good.
Spanish lawmakers, recalled early from their summer vacations, also signed off on a proposed cut in value-added taxes on home purchases that was announced Friday.
Consumer-price inflation fell from 4.1% to 3.1% in December, partly thanks to a cut in value-added taxes.Brazil's central bank cut its benchmark interest rate by one percentage point, to 12.75%, on January 21st.
The economists expect little acceleration from €8.5 billion ($12 billion) of tax cuts that include relief for families, much of which will be saved, plus a cut in value-added tax for hotel stays.
"You need to focus on 2009," says Norbert Walter, Deutsche Bank's chief economist, who would have preferred a cut in value-added tax and a trade-in incentive for all sorts of durable goods, not just cars.
This week Bruegel, a Brussels-based think-tank, suggested that each EU government should put in place a fiscal boost worth 1% of GDP next year, mainly through a synchronised cut in value-added tax.
Mr Brown has been talking about generating up to 100,000 of them through accelerated infrastructure spending, a stimulus adumbrated in November's pre-budget report, along with the cut in value-added tax (VAT).
