Word: cheaping
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Dates: during 2000-2009
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LOTSOFF: I don't think anything is particularly cheap. But I'm a buyer of junk-bond hedge funds, diversified alternative investments. In common stocks, I'm buying good-quality dividend payers. Despite all their legal problems, I have looked at pharma. I still cannot help but look at the demographics in Europe, Japan and the U.S., which says we're going to be eating many, many more pills. The growth potential there is misunderstood. I like Pfizer, Merck, GlaxoSmithKline, Bristol-Myers Squibb...
...dream phase got a boost from advances in digital recording technology. Artists like Geonetta who don't have a record-label contract used to have to pay tens of thousands of dollars for studio time plus distribution costs. But now amateurs can produce CDs with their home PCs and cheap recording and mixing gear--there's even a free version of the industry-standard music-editing software called Pro Tools available online. Geonetta plans to lay down tracks for a solo acoustic album in his home studio and burn 1,000 CDs through a copying service. He'll sell...
...There are looming problems on the international front too, as Western drugmakers fight back. WTO representatives meeting in Geneva last month hammered out an agreement that allows poor countries, when faced with crises such as AIDS or malaria, to waive international patent laws and buy cheap foreign copies of expensive drugs. Though Indian companies have had a huge impact on the prices of AIDS drugs in Africa (see chart above), they're not actually selling much of their products there because many African nations honor international patent laws. Cipla's Hamied estimates that his company provides drugs to no more...
...cheap, too. "Our signature brand is affordable," allowed Zhang, leading me to shelves of Yanjing's 15 varieties. The stuff from a local xiaomaibu costing two yuan (about 25?) is the Refreshing brand, weighing in at 4% alcohol by volume. Other varieties range from Low Alcohol (2.8%) to Style Draft (3.1%), to King (4.3%) for nights when you need something stronger. And there's Yanjing Alcohol Free for when...
...idea that file sharing is the only cause of the decline in record sales in the last few years is ludicrous. The industry has continued to alienate fans through a recession with high prices, cheap gimmicks, and a lack of support for quality artists. They have brought this on themselves and only exacerbate the situation with lawsuits. Accept it. Music was meant to be shared. Heath Huff Texas...