Word: bargainers
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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...
...leveling of social distinctions that Price Club facilitates represents a major sociological phenomenon that extends past Price Club into other areas of consumer purchases. In my area-the suburbs of Washington, DC-bargain stores aimed at people who want high-quality goods are experiencing a boom...
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...