Word: cheaping
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...over the years, as personal electronics became more affordable and ubiquitous, CES mushroomed. It offered a dramatic venue for the debut of some of the most important consumer technologies of the past 40 years, including the VCR (1970), cheap digital watches (1976) and affordable, albeit primitive, home computers (1978). 1981 was a banner year, with the debuts of the camcorder and the CD player. By 1973, CES had become so popular, organizers decided to put it on twice a year. It was held in Chicago from 1972 until 1977, when it started alternating shows between the Windy City...
...everyone is applauding the return of cheap oil. Oil-producing nations that raked in billions over the past few years now face a reckoning. Governments that didn't set aside any of their windfall, or shortsightedly budgeted on sky-high prices - and more than a few fall into both categories - are grappling with tumbling revenues. The reality of lower oil prices for countries such as Iran, Nigeria, Russia and Venezuela in 2009 is likely to include political unrest, massive cuts in public spending, and rocketing inflation and unemployment. "The brutality and speed of the price decline is a huge shock...
Shortly before Christmas, a friend of mine, Veronica Fowler of Ames, Iowa, decided to throw a last-minute bash - not a holiday party but a "poverty" party. About 30 people showed up, dutifully following the invitation?s instructions to bring a "dish to share, a [cheap] bottle of wine, a hard-luck story and a devil-may-care attitude." Fowler, 46, a freelance writer and editor whose guests were mainly fellow media types and academics in their 40s and 50s, says, "It was fun to spit in the eye of impending doom. All of this tension is a lot more...
...Finally, you should start to address the distortionary subsidy system at the source of these ills. Artificially cheap grain has helped make it more economical to intensively confine grain-fed animals than to raise them on healthier pastures—a recent Tufts University study pegged the implicit subsidy to factory farmers...
...tough message to industry: that the UDSA will no longer be a cheerleader for laissez-faire food production, and will instead become a guardian of its safety. And you’ll need to deliver an equally tough message to consumers: that reducing their own demand for artificially cheap, factory-farmed meat will be necessary to stop a public health, environmental, and ethical crisis...