Word: stringing
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Dates: during 2000-2009
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...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...
...Mexico The Drug War Hits Town Hall Authorities are targeting corrupt officials plaguing Mexico's bloody struggle against drug gangs. In a string of raids on May 26, security forces arrested 10 mayors, a judge and 16 others believed to have ties to narcos. The sweeps took place in the western state of Michoacán, home to La Familia, a fast-growing cartel. More than 7,000 people have died in Mexico's drug war since...
...Brown, the impact could be most painful of all. Labour lost control of all four of its remaining county councils in local elections also held last Thursday. And as a string of disillusioned Ministers rushed for the exits in the days on either side of the poll, Brown even bungled a Cabinet reshuffle designed to reassert his authority. Trailing in third in the European elections leaves the PM "beaten by a party that he mocked and derided as being on the fringes," said UKIP leader Nigel Farage. "So if we have beaten...
...China has proceeded with astonishing rapidity, income is not evenly distributed; the prospects for conflict in that country as a result seem very high in the coming decades. These forces may increase the propensity to violence and mental illness, and perhaps even poor physical health, judging from a string of intriguing studies of the impact of income inequality on health...