Word: cheapness
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There was a cheap metaphor to be had in the remarkable moment when Safia al-Souhail, who had just voted in the Iraqi elections, and Janet Norwood, whose U.S. Marine son was killed in Iraq, embraced during the President's State of the Union speech last week. Norwood was holding her son's dog tags, which became entangled in al-Souhail's cuff. The two struggled at disentanglement. Laura Bush had to help them. It was an image with some resonance, to be sure...
...Then why is it cheap to see it as a metaphor? Because nothing should detract from the emotional truth of the moment, the magnitude of Norwood's loss, the exhilaration of al-Souhail's ballot. Yes, disentanglement will be difficult. And, yes, we shouldn't "overhype" the election, as John Kerry clumsily suggested. But this is not a moment for caveats. It is a moment for solemn appreciation of the Iraqi achievement-however it may turn out-and for hope...
...These efforts haven't come cheap: the Ministry of Agricultural and Rural Development estimates the economic loss of all that poultry at just under 0.5% of GDP, or $195 million. Nguyen Vau Be and his family in rural Long An province raised 100 ducks to pay for their holiday celebrations and food this year, but when the birds became sick recently, they were forced to kill them. "There's no Tet for us this year," says wife Truong Thi Dua, watching as the live ducks are tossed onto a large bonfire. The family is being compensated with a total...
Warren Buffett says it's difficult to find cheap stocks to buy; bond-market guru Bill Gross says the days of falling interest rates (and rising bond prices) are over. Real estate--the kind you live in as well as publicly traded trusts that invest in malls, offices and apartments--will stumble if, as expected, interest rates move higher. So what's an investor...
...economies, have opened themselves up with substantial success. You might think the prosperity of some Indians and Chinese would be something to celebrate. But no. Whether because it is thought that all the rich world's jobs will be "outsourced" to India and China or because people believe that cheap labor in India and China will drive down wages everywhere else, the rise of the two Asian giants is now viewed as a threat as much as it is a triumph. Globalization has been turned around from something that makes poor people poorer to a phenomenon that makes rich people...