Word: cheaping
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Dates: during 2000-2009
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That's true. While the cost of housing can be an obsession in other cities, Berlin's plentiful supply of inexpensive pads is a key factor in its appeal. A big overhang of cheap apartments and abandoned factories and warehouses in the formerly communist eastern half has depressed prices throughout the city. Studio space is to be had for next to nothing. Even in Mitte, the center of Berlin's new Szene, newly renovated apartments rent for less than one quarter of what you'd pay in London. That's a big draw. But Berlin isn't just cheap. Some...
...motorcycle. The West focuses on the bottom half of Africans living in appalling poverty; Beijing is looking at the other half who might soon buy Chinese-made T-shirts, shoes and bicycles. China's Ministry of Commerce, through banks and export agencies, is offering cheap loans and tax and export credits to Chinese state-owned companies seeking to build a base in Africa. Incentives are given to Chinese manufacturing and retail businesses in addition to exploration and construction companies. In return for so-called "no-strings-attached" aid and cheap loans to African countries, Beijing expects privileged access...
...random that dangerous new strains of malaria continue to crop up on the Thai-Cambodian border. In addition to having longer years of exposure to the miracle drug, residents like the gem-mine workers rely on an unregulated, informal health sector, rife with cheap counterfeits and improper treatments. Last month, a Gates-funded study found that 60% of malaria drugs in the area were substandard or counterfeit. Many of the counterfeits contain a small amount of artemisinin so they can pass authenticity tests, and some fake drug containers have holograms logos more sophisticated than the ones on the genuine boxes...
...shopping for a big-screen TV, then getting the right one at a modest discount is always better than getting the wrong one really cheap," says Victor Cheng, author of the Recession-Proof Business. (See 10 things to buy during the recession...
China, critics will point out, doesn't produce (at least not yet) many Nobel Prize winners. But don't think the basic educational competence of the workforce isn't a key factor in its having become the manufacturing workshop of the world. It isn't just about cheap labor; it's about smart labor. "Whether it's line workers or engineers, we're finding the candlepower of our employees here as good as or better than anywhere in the world," says Nick Reilly, a top executive at General Motors in Shanghai. "It all starts with the emphasis families...