Word: cheaping
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...necessarily. That's because, with some well-publicized exceptions, emerging markets are on the whole not in bubble territory. Yes, share prices have been rising rapidly. But so have corporate earnings during what has become an epic global economic boom. As a result, emerging-market stocks still look relatively cheap. Based on projected 12-month earnings, the average price-to-earnings (P/E) ratio of companies in emerging countries tracked by the MSCI index is 13. For the MSCI World Index, which includes developed countries, the average...
...country; the livelihoods of 40 million people are likely to be affected if big players are allowed in at such an alarming pace." Mohun Guruswamy, from the Delhi-based Centre for Policy Alternatives, warns that without some regulation over retail giants like Wal-Mart, an avalanche of cheap goods from China and Southeast Asia could bury India's own manufacturers...
...Metropolis is revealed. Two hours later, Chen, sporting purple slip-on shoes and black-frame glasses, is ready to go. Walking down rainy Mass Ave. to the Goodwill in Central Square, Chen explains her philosophy behind her creations: “I design clothes because I’m cheap,” says Chen, laughing. As Chen hustles through the Goodwill, dodging a rather large woman trying on a kelly-green floor-length coat, she proves herself to be thrifty indeed. After discarding heaps of clothing, oblivious to an errant customer singing in the background, Chen finally settles (after...
...she’s unlikely to have enough time to hem them. Luckily, she finds both navy and gold lycra, which conveniently don’t fray and stretch to allow “mistake room” for fitting on the fly. Armed with fabric, cheap thread and a leftover dollar (“for emergencies”), Baird rushes to her 1 p.m. class. Three hours later, she returns to her lair—a public room in her entryway that she reserved for 24 hours—to start pinning the dress into shape over her dress...
From an American perspective, China is a cheap country to live in. Living in Beijing this summer, I marveled at how affordable everything—from a train ticket to tutoring—was. Only after a bit of Web-surfing did I realize: if it seems like it’s too good to be true, it probably is. My $8, four-course gourmet dinners, I realized, were the manifestation of an economic imbalance, and one that the U.S. Senate is well aware...