Word: cheap
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Dates: during 1990-1999
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...Andy Warhol's fame was short, cheap and ephemeral. But it belonged to the individual, to everyone. The promise of fame--cheap, fleeting--seduces...
NAME: Al ("the Roke") Roker OCCUPATION: Serving weather with a smile BEST PUNCH: On the Today show, Roker named theme restaurants as the worst fad of the '90s, saying, "They were basically a reason to foist really bad food and cheap merchandise on Americans and tourists...
Trade issues are anything but simple. Demonstrators who want justice for poor nations were reminded last week that Third World delegates to the WTO don't want developed nations to force them to allow union organizing. Cheap labor is their competitive advantage. Environmentalists who want the WTO to keep its hands off U.S. laws that protect endangered species would happily force Venezuela--against its sovereign will--to clean up its gasoline exports...
...couple of reasons. First, the principle of free trade may be true, but it's not obviously true. In fact, it's counterintuitive. If a factory shuts down because of a flood of cheap foreign products, how is that good? If middle-class Americans find themselves competing with foreigners being paid practically nothing and living in squalor, how can this send Americans' standard of living up and not down? If another nation is willing to pollute its air and water in order to produce goods for sale in the global economy, how can America join that economy and still hope...
...contrast, budget-conscious clothes shoppers (maybe those same workers) who are able to save a few bucks on a new sweater are not likely to realize they are enjoying a bargain as a result of global trade or to take to the streets to defend their right to a cheap sweater. Or suppose the U.S. slaps a tariff on foreign sweaters and the foreign country retaliates by raising a tariff on something we're selling them--the people who would lose their jobs aren't even identifiable for sure, though for sure they exist. Likewise the people who lose jobs...