Word: cheaping
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Dates: during 2000-2009
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...seem to apply in Dubai, the most populous of the seven states that comprise the United Arab Emirates. Abu Dhabi, the seat of political power in the UAE, controls most of the country's oil resources. With less oil to tap, Dubai has used low taxes, easy money and cheap Asian labor to transform itself into one of the region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like palm fronds, the world's tallest building - that have...
Dubai's rise had been decades in the making, but the property market really exploded following a 2003 law change that made it easier for foreigners to own land. With credit cheap and readily available, no income tax, and many more sunshine hours than Britain or Russia, Dubai attracted a new wave of Europeans, who arrived with big hopes and little understanding of Muslim values. In one infamous culture clash, two Britons were imprisoned for having sex on a public beach and insulting police officers after a drunken Friday brunch...
...many in the medical community, including residents themselves, worry that shorter shifts could come at the expense of educational opportunities and possibly even patient safety. And implementing the changes wouldn't be cheap, potentially costing teaching hospitals $1.6 billion a year, according to a study co-authored by Nuckols and published this week in the New England Journal of Medicine. (Watch TIME's video "Uninsured Again...
...scrapped. The academic believes that peddlers should be given more flexibility to sell their goods and that the chengguan should concentrate on more pressing urban issues. "Street vendors are an important part of the market economy and directly contribute to the GDP," says He. "There are also other merits - cheap street markets cater to low-income families, add color to city life, utilize public space and create jobs...
...Granted, you don't normally associate the word cheap with Japan. But cheap land, cheap chic; something's going...