Word: cheapness
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Buffett's bigger plays have been in buying whole businesses, which suggests that he sees private-asset values as a bargain while the public markets have not yet become cheap. But take heart. Maybe after he cleans up how America's largest companies are run he will want to buy their common stocks again. --With reporting by Julie Rawe/New York
...original smart mobs were teenage "thumb tribes" in Tokyo and Helsinki who punched out short, cheap text messages on primitive cell phones to organize impromptu raves or to stalk their favorite celebrities. (In Tokyo, crowds of teenage fans would appear as if by magic at subway stops where a rock musician was rumored to be headed.) "Texting," as this practice is known, spread like the Hong Kong flu, especially in the developing world. In the Philippines, the black-clad crowds that toppled President Joseph Estrada in 2001 were summoned into being with a now famous single line of coded text...
...computers and pop-culture fetishizing, there was a different breed of geek. Even more loathed and degraded than his modern ancestor, this geek was a literal freak - a sideshow act - a man willing to growl like an animal and bite the heads off chickens for his daily fifth of cheap booze. Along with confidence men, carnies and cops, the geek is just one of the grimy characters of William Lindsay Gresham's cult 1946 novel "Nightmare Alley," now turned into a gripping graphic novel by the veteran comix artist known as Spain...
...president wants to give Turkey $15 billion in exchange for access to military bases to use in a war against Iraq. This amount is roughly equal to $265 per American family, but, apparently, we are glad to spend it because it will help ensure millions of barrels of cheap Middle Eastern oil. In great contrast, the American government spends only $10 billion, or about $50 per family, on developmental aid for poor countries that aren’t lucky enough to sit on gallons of crude...
Every day 30,000 children die around the world of preventable causes. Even a modest amount—$50 or $75 per person—would do wonders to reduce these needless deaths. It’s cheap, it’s moral, and it can make a tremendous difference for millions...