Word: cheapness
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TIME: Sy, what's cheap...
LOTSOFF: I don't think anything is particularly cheap. But I'm a buyer of junk-bond hedge funds, diversified alternative investments. In common stocks, I'm buying good-quality dividend payers. Despite all their legal problems, I have looked at pharma. I still cannot help but look at the demographics in Europe, Japan and the U.S., which says we're going to be eating many, many more pills. The growth potential there is misunderstood. I like Pfizer, Merck, GlaxoSmithKline, Bristol-Myers Squibb...
...dream phase got a boost from advances in digital recording technology. Artists like Geonetta who don't have a record-label contract used to have to pay tens of thousands of dollars for studio time plus distribution costs. But now amateurs can produce CDs with their home PCs and cheap recording and mixing gear--there's even a free version of the industry-standard music-editing software called Pro Tools available online. Geonetta plans to lay down tracks for a solo acoustic album in his home studio and burn 1,000 CDs through a copying service. He'll sell...
...There are looming problems on the international front too, as Western drugmakers fight back. WTO representatives meeting in Geneva last month hammered out an agreement that allows poor countries, when faced with crises such as AIDS or malaria, to waive international patent laws and buy cheap foreign copies of expensive drugs. Though Indian companies have had a huge impact on the prices of AIDS drugs in Africa (see chart above), they're not actually selling much of their products there because many African nations honor international patent laws. Cipla's Hamied estimates that his company provides drugs to no more...
Some artists sing the song, and some let the song sing them. For Aretha Franklin, the song has always been incidental - a cheap vehicle for her amazing voice. Sinéad O'Connor, who possesses a completely different but equally distinctive talent, reveals herself in the lyrics she performs. Now both have terrific new CDs that showcase their strengths. With just one song, Respect, Franklin introduced feminism to popular music, but she has also sung about lesser things convincingly - like riding on a freeway of love in a pink Cadillac and being drawn through destiny to duet partner George Michael...