Word: auctions
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This Friday, as he has done almost every Friday for the past four years, Ron Peterson will offer antiques, coins, jewelry, furniture and cars at the weekly auction he runs in Monroeville, New Jersey. This is all typical fare for the bidding business. But if you're also hankering for ham and paper towels, no need to run to the supermarket. As the stock market headed south last fall, Peterson, owner of Elmer Auction, LLC, added grocery items like cereals and cleaning supplies to his ledger. And they've sold, to the cash-strapped ladies and gentlemen sitting in each...
Since Google's sales operation is basically an auction system where companies come and bid on search terms, the fact that Google's revenue grew at all is not only a sign that marketers have money. It is a sign that competitors are willing to bid against one another to get the best results. A bidding system makes the buyer take a risk that by paying top dollar he can get a reasonable return. When millions of customers are willing to participate in that system to create demand for their products, the economy may be crippled...
...pictures of a grocery auction...
Jackson, Michael • opportunity to buy thousands of things nobody needs evaporates when auction of belongings of is called...
...Blagojevich and his brother pleaded not guilty at the arraignment in Chicago on Tuesday, it had already become clear that this high-profile case was anything but a simple matter. For starters, the charge that has drawn the most attention, his alleged attempt to auction off Obama's Senate seat, may not be one of the strongest charges. A jury may be more susceptible to the allegation that the "Blagojevich Enterprise" tried to shake down officials at Children's Memorial Hospital in Chicago's Lincoln Park neighborhood for campaign contributions. More precisely, an executive at the hospital was urged...