Word: cheap
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Dates: during 2000-2009
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...There are certainly signs that some aspects of China's recovery are ephemeral. Part of the reason China's stock market has soared is that Chinese companies have received so much cheap financing that they have dumped proceeds into the equity market for lack of better alternatives. Andrew Barber, Asia strategist at Research Edge, a New Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic...
...friend of mine who operates a large farming business in California how many of his hundreds of employees are undocumented Mexican immigrants. Ninety percent, he told me. I literally gasped. And such numbers are not unique to agriculture or to California. Just as we are now dependent on cheap credit and cheap manufactured goods from China, we really can't afford to say no to cheap laborers from Mexico and Central America, and we need to admit that truth and make the system for absorbing them rational. At the upper end of the scale, it's crazily self-defeating...
...Certainly, efficiency is an important goal - a new report from McKinsey & Co. found that the U.S. economy could save $1.2 trillion through 2020 by investing $520 billion in various efficiency investments - and encouraging the switch to less wasteful cars is smart policy. But unless we end the era of cheap gas too, those savings will go down the drain...
...again. The fear of nuclear accidents like the one at Three Mile Island in 1979 or at Chernobyl in 1986 has begun to fade as nuclear's backers make their case in a world growing warmer. Nuclear plants, goes their argument, provide a steady supply of relatively cheap energy with zero carbon emissions. The new enthusiasm for nuclear is measurable. Over the next decade, the world is expected to build 180 nuclear power plants, up from just 39 between 1999 and today. (See pictures of the worst nuclear disasters...
...Then again, Nissan, which aims to be the first automaker to produce an EV for the masses, is taking a different road from its competitors'. Recognizing that consumers won't go for battery-powered vehicles if supplying them with juice isn't cheap and convenient, the company is working with electric utilities, private organizations and all levels of government to set up networks of charging stations. The effort isn't limited to Japan: Nissan has formed 27 partnerships around the world to clear the way for EVs. "They know people are going to need [an electric-vehicle ecosystem...