Word: cheaping
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...Quality journalism is not cheap, and an industry that gives away its content is simply cannibalizing its ability to produce good reporting," Murdoch said during a call with analysts and reporters. The Wall Street Journal, which he owns, is one of the very few news operations to charge users to see its content online. Now he wants to put all his sites - News Corp. is the biggest producer of news in the English-speaking world - behind a pay wall. That includes the online output of papers that run the spectrum of quality all the way from the snobby Times...
...There are certainly signs that some aspects of China's recovery are ephemeral. Part of the reason China's stock market has soared is that Chinese companies have received so much cheap financing that they have dumped proceeds into the equity market for lack of better alternatives. Andrew Barber, Asia strategist at Research Edge, a New Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic...
...question, Netflix serves a need. It's a virtual video store with more than 100,000 titles - movies and TV shows. And it's cheap: for the four-at-a-time price of $23.99, you could conceivably see about 50 videos a month - if you devoted your life to the task. In a deep recession, Netflix has also taught film fans that renting a movie or TV series not only is way less expensive than buying but also takes up no shelf space when you move from your foreclosed home into your parents' basement. That could be one reason...
...voice too. Even though the Robertses represent one of the great forces working to bring the country's housing market back to health - nearly a third of home sales are now to first-time buyers, thanks to a federal tax credit and a glut of foreclosed and other cheap properties - they are constantly being reminded of how sick the rest of the system still is. The couple rattle off houses in their new neighborhood that are for sale by desperate, underwater owners. Through the Robertses' kitchen window, they can see tall weeds in the empty lot next door. Their house...
...friend of mine who operates a large farming business in California how many of his hundreds of employees are undocumented Mexican immigrants. Ninety percent, he told me. I literally gasped. And such numbers are not unique to agriculture or to California. Just as we are now dependent on cheap credit and cheap manufactured goods from China, we really can't afford to say no to cheap laborers from Mexico and Central America, and we need to admit that truth and make the system for absorbing them rational. At the upper end of the scale, it's crazily self-defeating...