Word: cheaping
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Dates: during 2000-2009
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...pieces don't come cheap. Stanley's multiple-edition giclées (i.e., prints on canvas) start in the vicinity of $1,600, while original acrylic paintings - such as his self-portrait in makeup with a studded leather collar - can go for as much as $50,000. Last year alone, he did an enviable $3 million in sales. (Take that, Yale MFAs.) But it's a somewhat ironic turn, given that Stanley failed his art classes when he was at the High School of Music and Art in New York City in the 1960s. "I'm a very hard worker...
...Lexus. Hyundai seems to have dropped a nice vehicle into each of the major slots in the U.S. car market. It sells a nifty entry-level coupe and has a mammoth minivan called the Entourage. It markets SUVs and small sedans. They don't have any more or less cheap plastic trim in their interiors than a Honda. They are simply serviceable cars and trucks that probably won't break down...
...Welcome to the cruel downside of Vélib' - the enormously popular bike-rental scheme offering Parisians a cheap, environmentally friendly form of urban transportation. Since its introduction in July 2007, Paris' Vélib' program has facilitated 42 million rentals by 177,000 people with annual subscriptions to the system and countless others who have rented bikes on a one-off basis. The program allows riders to use credit cards or subscriptions to hop onto one of the program's 20,600 bikes from 1,451 stations around Paris and its nearby suburbs. And the ride is free...
...also making the stock market look more attractive - or at least less ugly - to investors. The S&P 500 has a price/earnings ratio based on trailing 12-month earnings of about 15. That compares with a 10-year average P/E of 21. So the market's current valuation looks cheap. But some financial stocks like Bank of America and Wells Fargo have P/Es of 7 and 5, respectively. Take those out, and the market looks more expensive...
...solution Park divined was to hitch South Korea's future to an expanding global economy. The country took advantage of its cheap labor to manufacture necessities like shoes and clothes to sell to consumers in the developed world, particularly those in the U.S. The strategy proved to be wonderfully efficient. It drew investment capital into the country, generating factory jobs for impoverished farmers, infrastructure to supercharge commercial development, and otherwise produced wealth South Korea could never have generated on its own. Eager to raise living standards in their own countries, Asian policymakers and businessmen to varying degrees adopted the same...