Word: instrumental
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Dates: during 2000-2009
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...moving beyond "reactive law enforcement": "Those who take the "drug war" metaphor literally may feel this effort is best advanced by people in uniform with guns [but] in the end, the criminal-justice system is a very blunt instrument for dealing with drug markets ... the arrest, prosecution, and incarceration of individuals is an extremely slow, expensive and labor-intensive process...
...According to a confidant who spoke to TIME in 2006, Khamenei hikes in jeans, sports a watch and plays the tar, a stringed instrument popular in Iran; this embrace of some of the trappings of modernity separates him from many of his fellow hard-line clerics...
...turbulent times, instrument valuations have very little correlation with indexes like the S&P 500. That's valuable for anyone looking to hedge against the rampant swings of the stock market. In a recent study in the international journal Pensions, R.A.J. Campbell suggests that pension funds consider adding top instruments to their portfolios to diversify their risk. "Violins are much less volatile than art," says Graddy, who co-authored a paper called "Fiddling with Value: Violins as an Investment?" While the Mei-Moses Fine Art Index was down 35% in the first quarter of 2009, prices for top instruments showed...
...instruments that sell for more than $1 million are a small percentage of the overall market," says Philip Margolis, a string-instrument analyst based in Rapperswil, Switzerland. "These are the ones you hear about, but there are maybe 500 in the world. But musicians use tens of thousands of instruments in the $30,000 to $500,000 range," says Margolis, who founded Cozio.com, which has information on more than 11,000 instruments worldwide. A small fraction of top instruments surface on the market in a given year, adding a rarity premium to their values. (Read "Accidental Genius: Why a Stradivarius...
...Demand for student string instruments, including those valued under $10,000, has also suffered. "Like just about everyone in retail, our members have certainly been impacted by the recession," says Joe Lamond, CEO of the International Music Products Association, which represents instrument retailers. "Acoustic pianos and high-end guitars are discretionary purchases for most people, and in tough times these can be deferred until things look brighter." In such an environment, dealers are far more likely to offer discounts. (See 25 people to blame for the financial crisis...