Word: bargain
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Dates: during 1990-1999
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Price Club is not just your one-stop consumer-goods emporium, however. For the inaugurated ones, it's a way of life. The ability to buy gourmet food and top-quality electronics, housewares, and even clothes at bargain prices is revolutionizing middle class suburban life by offering up to popular consumption those luxuries once only available to society's elites...
TIPS promise a twofold benefit: first, to safeguard investors' principal against the ravages of rising prices; second, to cut the cost of financing America's $4 trillion national debt. Wall Street too is happy: bond dealers get a new plaything in the bargain. Gushes Deputy Treasury Secretary Larry Summers: "This is a win-win idea: better for citizens, better for government, better for financial markets...
What could be done? No vast new government programs are necessary, says Shapiro, "but a new, government-mandated bargain could be struck." A rule of tax policy already holds that when a company provides a tax-free compensation, such as health-care coverage or pension contributions to its employees, it must cover virtually its entire work force. Training is not currently viewed as a tax-free compensation, but it should be. If it were, companies wouldn't be directly compelled to train workers; but if they provided training for some employees (as they do now), they would then have...
First, however, the President must bargain with the Republicans who retained control of Congress in last year's election...
...fact, prices can rise so fast that the independent funeral-home operators targeted by Mitford's first book suddenly find themselves to be death-care heroes. Rising prices have begun to erode the industry's historic immunity from bargain hunting. Consider Cape Cod, Massachusetts, where Loewen controls all but three funeral homes from Hyannis to Provincetown. (It offered to buy two of those three as well, but their owners declined.) The Massachusetts attorney general became concerned enough about Loewen's near monopoly to require the company to divest itself of three homes, a move of questionable value given that Loewen...