Word: cheaping
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...film is largely addressing mistakes and grievances that are now beyond redress. But that's not strictly true. The kinds of errors it examines are entirely duplicable. And it is important to have this grand compilation of serious, sometimes anguished, testimony to remind us that big talk is always cheap and essentially dreamy. Who knew that a bunch of medium shots of well-spoken, nicely dressed men and women could transcend mere journalism and bring us very close to the authentic tragedy lurking behind the Green Zone's concrete walls...
...teeth-test, of course, is overrated; rubbing the pearls against one another is more effective without risking damage to the gems. But Larby wasn't taking any chances. This was the 32nd string of pearls Larby had run across her pearly whites that day. "The pearls are just so cheap here," she explained, "I'm not convinced they're real...
...Still, being China's middleman can be both a blessing and a curse. The current low prices for pearls may also be a product of cheap labor. Japan's pearl farmers are organized into an umbrella association that sets prices and offers welfare to those who fall on hard times. By contrast, the Chinese producers are more vulnerable to exploitation: "Chinese farmers might as well be selling fruit or cattle," Cheng says. "Their only hope is to cover expenses. They have no idea how valuable their product can be and don't ask for higher prices...
Instead, Dodge & Cox believes the more vantage points there are the better. On the stocks side, 20 analysts track companies, waiting for chances to buy solid, long-term businesses on the cheap--a classic value-investor stance. When an analyst thinks a company is something Dodge & Cox would be well advised to hold for five years, the analyst makes the case to an investment-policy committee...
That something is the close of a remarkable era of easy money. Cheap credit helped fuel the stock bubble at the end of the past millennium and almost entirely fueled the real estate boom of the first years of this millennium. It kept us spending through the tough years that followed the stock market's collapse, and it allowed the Bush Administration to finance big budget deficits without strain. Easy money also helped enable the rise of private equity as a major economic force...