Word: bargainers
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...famous sweet shops. Iraqis in their finest suits and dresses are packing into restaurants like Al Gouta, where they dine on heaping plates of grilled Tigris river carp, shish kebab, hommus and spicy olives. The tab for a family of four runs about $12. That seems like a bargain, but in Baghdad it's the equivalent of a year's salary for a school teacher...
While a few nonprofits that run aquatics camps use the boats for their activities, most simply resell them. Often the donation takes the form of a so-called bargain sale: the owner sells the boat to a charity at half its value or less. The difference in price is considered a donation, giving the seller a big tax write-off. The charity then makes money when it resells the boat. The practice has drawn scrutiny from the irs, which has issued new rules to prevent donors from overestimating the value of their cars and boats for the tax benefit. Some...
...comparison to other divestment efforts such as Harvard’s, which simply calls for divestment on moral grounds, Yale’s petition drives a hard bargain, according to Francis Boyle, who is a law professor at the University of Illinois at Urbana-Champaign and served as a technical adviser for the Yale petition...
When Andrew joined the company in 1998, Costco sold no top-flight Bordeaux; today, with a wide selection, it sells more than any other U.S. retailer. At the same time, Andrew catered to Costco's bargain hunters, introducing boutique wines at attractive prices--for example, Chateau Salitis, a French blend of Grenache and Syrah with dollops of Cabernet and Merlot. The vintner produces just 5,000 cases a year, nearly all of which Andrew snaps up. "It's a wonderful little wine," he says. Price: $6 a bottle. Costco's maximum markup is 14% above its wholesale cost, compared with...
...that also sell gallon-size containers of French's mustard, so they shun Costco. Andrew says, "They don't understand that the demographic of our members is so high." Nor do they appreciate that a lot of wealthy folks got that way because they have an eye for a bargain. --By Daren Fonda/Dallas