Word: cheaping
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...meeting other travelers. Most of the guesthouses and hostels in Koh Kong are run by Europeans and Australians (the proprietor and family usually live on-site) and are good for getting a drink, sitting in a hammock and chatting up your neighbor. They're also good for a cheap ($7 per night) room, if you can endure using a shared toilet. If not, I suggest you stay at the $35-per-night Koh Kong City Hotel (Street 1, Koh Kong; +855-35-936-777) on the waterfront, which is sparse and basic but has decadent, memory-foam-style mattresses...
...Sihanoukville is Cambodia's main shipping port, so there's local wealth here as well. In five years, a handful of new resorts and several middle-class housing developments probably will have sprung up. So if you like your beach towns simple, cheap and dirty - the Wanderer, for one, thought Sihanoukville was already too bustling - you might want to go there...
...long run, but it could be very costly over the next year or so. The reason is simply that many banks have only minimally written down the value of these troubled loans, and once they hit the marketplace they could be valued much lower. Geithner's plan offers cheap loans to investors to try to entice them to pay handsomely for these loans, but investors are unlikely to pay full price or even close to it. So in order to sell the loans banks will have to recognize losses that could run as high as $200 billion for the sector...
Even when utilities will pay for efficiency upgrades that will save us money for years, we're unlikely to make retrofits - unless the utilities take care of the schlep factors, like finding contractors and inspecting the work. Cheap is alluring; easy can be irresistible...
...most of their capital at the market peak, will struggle ever to turn a profit. But research firm Preqin reports that of $2.5 trillion in private-equity assets worldwide at the end of 2008, $1 trillion was "dry powder" - cash that hadn't been invested. There are lots of cheap companies out there, and private-equity firms with cash on hand will surely hit a few home runs with investments made in the coming years...