Word: cheaping
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Dates: during 2000-2009
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...crunch. Even though manufacturers slashed vodka production 15% because of slumping demand, stores are saddled with some 22 million gallons of unsold spirits--six times their inventory of a year ago, according to an industry group. Meanwhile, alcohol-poisoning fatalities are on the rise, reportedly as drinkers turn to cheap, homemade liquor instead...
...Still, there are a few bright spots this Christmas season. Urban Outfitters Inc. has distinguished itself with stylish merchandise that stands out, while teen retailers Aéropostale and Buckle have posted positive same-store comparisons by offering good value. Says Davidowitz: "You have to be either really cheap or really different and really right to do well in this market...
...that will allow employees of a Wisconsin printing company to get coverage for non-emergency surgeries in India. It's a first for WellPoint, but puts the insurer in good company. Over the past few years, some U.S. insurance companies - dismayed at losing income from uninsured Americans who get cheap surergies abroad or clients who choose to pay out of pocket for discount foreign surgeries rather than expensive in-network co-pays - have announced plans to include foreign medical procedures among those covered by health plans...
...Many U.S. doctors and dentists were appalled at the idea of their patients turning to foreign hospitals for care that they considered dangerously cheap. But where many U.S. medical professionals saw great peril, countries like Cuba saw opportunities. Beginning in the late 1980s, the island country started programs to lure foreigners from India, Latin America and Europe for eye surgeries, heart procedures and cosmetic procedures. The Cuban government said it welcomed 2,000 medical tourists in 1990. (See pictures from an X-Ray studio...
...home. This Washington Consensus logic asserts that immigration-friendly policies prevent poor states from developing their own economic infrastructure. But perhaps we should care less about Somalia and El Salvador and more about Somalis and Salvadoreños. What citizens of developing countries have as a comparative advantage is cheap labor and little else because of geographical constraints and entrenched, frozen financial and legal institutions. Individuals should be permitted to work in countries with aging and picky populations. There will always be immigrants. A human can work the same job in Ciudad Juárez, Mexico and El Paso, Texas...