Word: cheaping
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Dates: during 2000-2009
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...when the physiological activity of the brain ceases, as far as anyone can tell the person's consciousness goes out of existence. Attempts to contact the souls of the dead (a pursuit of serious scientists a century ago) turned up only cheap magic tricks, and near death experiences are not the eyewitness reports of a soul parting company from the body but symptoms of oxygen starvation in the eyes and brain. In September, a team of Swiss neuroscientists reported that they could turn out-of-body experiences on and off by stimulating the part of the brain in which vision...
Geography again saved the day. In 1979, Communist Party boss Deng Xiaoping began opening China to foreign investment, and Hong Kong manufacturers decamped to the mainland to take advantage of the vast supply of cheap workers. The trading firms stayed behind. In fact, as more work moved into China, locating a headquarters in Hong Kong, on the doorstep of southern China's industrial parks, became imperative. The trading firms quickly devised a new, cross-border manufacturing system. With poor technology and training, Chinese workers could complete basic product assembly but not the more complicated parts of a manufacturing process...
Nimble isn't cheap. Firms such as Li & Fung and Noble have invested millions in computer systems that make it possible to micromanage logistics as never before. Noble has a ship-management division that oversees the operations of 150 vessels from the comfort of a Hong Kong office. Software tracks the fleet on an onscreen map, with the position of each vessel marked by an icon. Click on one, and the computer calls up every scrap of data you can imagine--the ship's current route and historic movements, its cargo, entire crew roster and maintenance schedule. One ship...
...Fund, which foresees more good years to come, at least until 2010. Globalization is acting precisely as predicted - as an engine of growth that accelerates investment by leveling borders and speeds up consumption by driving down prices. These competitive pressures also bear down on costs, and so money remains cheap while (core) inflation is safely confined. If U.S. growth has slowed a bit, Japan and Euroland are no longer a drag on the global economy. More significant is the uptick in confidence. Last year, those morose Europeans called off their consumption strike, and so consumer spending is up by around...
...pounds—now is the time to reward yourself for passing them (hopefully). Wander the nocturnal Rue Crescent and admire the fashionable foreign students spilling out of Montreal’s hottest clubs like Electric Avenue and Karina. If you are feeling predatory, try Peel Pub, where beer, cheap shooters and McGill freshman vomit all flow freely. Listen to some alternative rock and punk bands at Les Foufounes Electriques. Try not to notice that all of the students are back in class as you headbang to silence. In a shocking twist of fate, the city did not choose...