Word: cheaping
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Dates: during 2000-2009
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...that easy, practical or cheap, say the states. In South Carolina, for instance, Governor Mark Sanford warns it will mean residents will have to pay $60 for driver licenses that are good for eight years, rather than the $25 they are now paying for 10-year licenses. And they may find themselves standing in line for up to two hours to obtain those licenses, rather than the 15-minute waits they now experience. So outraged are the states that legislatures in South Carolina, Maine, Montana, New Hampshire, Oklahoma and Washington have passed laws banning their agencies from complying with...
...potholes and a tight turn, and the wheels come off. Factories have been able to increase output in recent years because the global economy has been on a tear. The 2004-07 period saw the second strongest bout of global growth on record - which translated into strong demand for cheap Chinese-made products. But this era may be ending. Most economists are predicting a significant slowdown in worldwide GDP growth in 2008. This slowdown, predicts Lehman Brothers economist Sun Ming-chun, will prove to be the "unmasking of [manufacturing] overcapacity in China." Says Li of the Asia Footwear Association...
...Some are already starving. China's competitive advantage has been its armies of cheap workers, but that edge is getting dull. Labor costs have increased 50% in the past four years across southeastern provinces - an area of China sometimes called the "workshop of the world" - and a new labor law passed by Beijing will only add to the burden. Jonathan Anderson, an economist at UBS in Hong Kong, says that factory owners in southern China believe the new law will drive labor costs another 10-25% higher. Among other provisions, the new law entitles laid-off workers to one month...
...roll, using wallpaper is often a cheaper alternative to masking a wall's imperfections. "It's also a good foil for small spaces," Loecke says. "Treating walls and ceilings the same way helps the room feel bigger because the eye doesn't move." And it can be a cheap-chic way of adding interest to a home. Rather than covering every wall, mounting a bold design on one surface is a striking technique. Says Shaw: "It's like having a work...
...also gives them a more authentic, outside-the-guidebook experience. "It distinguishes a tourist from a traveler," says Harold Goldstein of Hospitality Exchange. "Instead of just sightseeing, you participate in the daily life of locals." So rather than pull the plug on that next pricey vacation, check out these cheap--and unique--travel options...