Word: bargainer
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Dates: during 1960-1969
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Rolls closed on Medicare registration last week. Some 17.3 million people over 65 (an incredible 91% of those eligible) had signed up for the voluntary $3-a-month insurance plan that entitles them to bargain-rate doctors' care beginning July 1. On that day, a total of 19.1 million elderly people who are drawing social security benefits automatically become eligible for low-cost, Medicare-financed hospital and nursing-home care. A very automated data system stands ready in Baltimore to handle the record-keeping end of the intricate program that Health, Education and Welfare Secretary John Gardner understates...
...Eugene Ferkauf, founder, controlling stockholder and audacious boss of E. J. Korvette Inc. (TIME cover, July 6, 1962), success as the hero of U.S. discount selling is no bargain. It gives him less and less time to do what he really wants to do. He likes to play hooky from the office, go out to mind his stores. Dressed in his $32.50 Korvette suit, he fusses, fixes problems, scolds and cajoles salespeople. He fondles marked-down books and basketballs as if they were emeralds; in the art galleries of his stores, he browses proudly around the Picassos, Chagalls and other...
...that everyone knows all there is to know about the profit in the automobile business [April 29], are we going to be treated to revelations on other businesses? May I suggest that you tell us how to bargain with the druggist the next time we need a prescription? When is the best time to approach an attorney for his lowest fee? When does one get the best bargain from his family doctor on the next baby or an emergency operation? Better yet, perhaps a breakdown on the publishing business is in order...
...keep her troops in Germany anyhow." Actually, France does-if for no other reason than the prestige of maintaining a watch east of the Rhine. What concessions De Gaulle might make in exchange were still an open question. But it was clear that he was preparing a hard bargain to ensure France's continued access to NATO's early-warning radar system. His bargaining point: a threat to close French air space to NATO flights...
...sensitive issue. The Defense Department had admitted earlier this month that it had to buy back 5,570 bombs sold in 1964 as surplus to a German firm that planned to extract the nitrates for fertilizer. The bombs were sold for $1.70 each and repurchased for $21 apiece-a bargain, by Pentagon reasoning, since they now cost around $400 apiece to make...