Word: cheap
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Dates: during 2000-2009
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...California faces, but some options are more desirable than others. If the Board of Regents must hike tuition, the main part of this financial burden should be placed on out-of-state students, whose parents are not taxpaying California citizens and who still have the benefit of access to cheap public education in their own states. It may seem unfair for out-of-state students to be penalized for the mistakes of California, but the UC system should primarily serve residents of California, many of whom do not have access to out-of-state educational opportunities and whose tax dollars...
...predict that private equity will go through a shakeout similar to what we've seen in the housing market. How does that analogy work? Private-equity firms used the same cheap credit that caused the housing bubble to buy companies. There are about 100 of these firms - KKR, Blackstone and Carlyle are some of the bigger ones - and they buy a company the same way we would buy a house. Put down about 20% and borrow about 80%. The big difference is, the company they're buying borrows the 80%, so they're the ones responsible for repayment. These loans...
...country right now thinks that health care is a disaster,” she said. “We at Project HEALTH believe that things can be different. Project HEALTH’s model is simple, it’s effective, and it’s cheap...
There is nothing natural about the economic meltdown we are still struggling with as the decade winds down. A housing bubble fueled by cheap money and excessive borrowing set ablaze by derivatives, so-called financial weapons of mass destruction, put the economy on the brink of collapse. We will be sorting through the damage for years. Meanwhile, the living, breathing symbol of this economic sordidness, prisoner No. 61727-054, a.k.a. Bernie Madoff, rots away in a Butner, N.C., jail cell, doing 150 years for orchestrating the biggest Ponzi scheme in the history of humanity...
...Equities bears maintain that the recent stock rally has already outrun fundamentals and that stocks are no longer cheap. To be sure, based on projected operating earnings for all of 2009, S&P 500 companies are trading at an average price-earnings ratio of nearly 19, higher than the long-term historical average of 15. But basing stock values on 2009 data is inappropriate. This year saw the bottom of the worst recession since World War II. What is relevant for determining stock values are future earnings, not past earnings. Next year's operating earnings for S&P 500 companies...