Word: cheaping
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Dates: during 2000-2009
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...Conspicuous Consumption Is Safe. It used to be hard to tell rich from poor in Baghdad, especially outside the Green Zone. Fear of being kidnapped for ransom prompted many wealthy Iraqis to feign poverty. Living below one's means became an art form: decrepit cars, cheap cell phones, minimalist jewelry...
...Commission follows up its report with firm action, this could force European drugmakers to adopt global strategies that go beyond merely stamping on cheap rivals...
However, transition from the old benefit system to the new one isn't cheap and is stretching the financial reserves of the domestic companies. By 2020, GM, which has the largest number of retired employees, will have transferred some $23 billion to the new Voluntary Employee Benefit Association (VEBA), created by the contract. (That amount includes the $13.5 billion GM has already injected into the trust, plus another $9.5 billion yet to be contributed.) Ford owes $13.6 billion to its VEBA, and Chrysler, which doesn't make its finances public, owes between $6 billion and $9 billion...
...afternoon with her is a long walk through the schizophrenia of the Cuban economy, still caught in the maw of the U.S. blockade and hampered by its own gross inefficiency. At an open-air market behind the capitol, mangoes, okra, guavas and limes are everywhere--and cheap. Good thing too because most Cubans earn from $15 to $25 a month and survive off the ration books that offer them sugar, rice, beans and (only for the elderly) cigars. But to get past subsistence, you need to shop at the air-conditioned hard-currency stores. That's where Damaris goes...
Prosperity has its favorite hobbies, its gold-trimmed roadsters and superyachts and the million-dollar platinum fishing lure studded with 100 carats of diamonds. But in an age of austerity, when we seek satisfaction on the cheap, some pursuits are all about value, but not necessarily about money. This is the beauty of the collector's world. When you don't like the look of the economy, you get to make your...