Word: cheaping
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Dates: during 2000-2009
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...ballooning trade deficit with Japan was the hot-button political issue of the day, just as the yawning deficit with China is today. Japan was using "unfair" trade practices to disadvantage U.S. industry, many Americans believed. The Japanese were "manipulating" their currency, the yen, to make their exports extra cheap in the U.S. market, in the same way China is accused of currently doing with the yuan. Americans freaked when Japanese companies bought supposedly priceless U.S. assets like Rockefeller Center and Columbia Pictures; today, Americans freak out when Chinese firms even attempt to purchase anything on U.S. soil. American manufacturers...
...attract investors to the oil sector, Iraq could become the largest producer in the world, surpassing Saudi Arabia. Crocker didn't put it in terms this baldly, but he might as well have said: We keep an army in Iraq, and we go back to the days of cheap oil. Anyone can afford to drive an SUV if they want...
...luxury one Hand-crafted in frost-resistant clay by British company Green & Blue, Birdball derives its shape from the spherical forms that blue tits and coal tits prefer to construct when left to make nests on their own. At about $60, this chic number doesn't come cheap, but some experts reckon there's no better answer to the nesting urge. www.birdball.co.uk...
...Kyoto Protocol-style policy will never work, largely because the developing countries like India and China will never sign on to a plan that might hamper their exploding economies. Instead our only hope is to advance low-carbon technologies that are good enough to save the climate and cheap enough for India and China to buy. "If you care about the environment, you have to have a strong interest in science and technology," says Gingrich. "It's not a question of political will. It's a question of whether we can deliver a series of solutions with broad enough support...
...many Western concerns are absurd. As a huge buyer of commodities, China has powered some of Africa's strongest growth since independence - hardly a negative trend. Cheap Chinese consumer goods have also stretched African shoppers' small budgets. Meanwhile, for a nation like France to complain about China's human-rights record on Africa seems beyond a pot-kettle comparison - France has long sponsored African "democrats" like former Central African Republic leader Jean-Bédel Bokassa, who was ultimately convicted of at least 20 murders. Likewise, the U.S. has close ties to Ethiopia's abusive regime, and to oil-rich...