Word: absorb
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...wine distributor for $18 a case. But this tax will force the Gallo Bros. to raise the price of their wine to $20, to cover the $2 they will have to pay the government. The wine distributor then sells the Pinot Chardonnay to liquor store owners for $30 to absorb a $1 VAT. He has added $10 to the price of the wine and is taxed 10 per cent of this value. Finally, the retailer must charge $50 per case, to prevent the government's $2 value added tax from cutting into his profit margin. At a rate...
Four New York bond trading houses have failed. One of the victims is Frederick Gorsetman, 34, who, riding along with rising bond business in August 1978, opened his own firm. But when the Federal Reserve drove up short-term interest rates, his firm had to absorb devastating losses on bonds that no one would buy. After three weeks of harried days on Wall Street and sleepless nights in his Riverside Drive apartment, Gorsetman closed his ofiice's front door. Although he is now looking for another job on Wall Street, he says bitterly, "The market stinks...
More shocks follow Moshe Dayan 's resignation ''I told the Premier that we are subjecting our people to daily shocks.'' lamented an aide to Menachem Begin. ''and we have gone well beyond their ability to absorb those shocks.'' So it seemed...
...lashes, plus prison terms at hard labor. In preparation for the whippings, an 18-ft. raised platform had been erected. On it was a large A-shaped scaffold, with straps for the prisoner's wrists attached near the top and thick padding along the crossbar to absorb the impact of the whips on their bodies. As viPs looked on, two muscular men pranced about, slashing Malacca canes through the air to limber up their muscles. They were convicts, who would be rewarded for successful floggings with extra rations. A doctor stood by, empowered to stop the beatings...
...thesis put forth by Professor Lloyd Dumas of the University of Texas is that "people who do military-related work and the firms they work for receive a flow of money that is not balanced by a production of goods and services that can be used to absorb that money...