Word: below-market
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...Bank that would provide capital for inner-city businesses; welfare reform that would reduce benefits substantially for those who won't work; drug treatment on demand; national service, the plan that offers a college education to those who will "pay" for it with a period of community service at below-market wages; apprenticeship training for those who don't want a university education; and strict child-support enforcement of the kind Clinton has introduced in Arkansas, where a father's Social Security number is entered < on birth certificates to ensure collections when Dads become deadbeats. And, adds Stephanopoulos...
...prime rate from 9% to 8 1/2% after the Federal Reserve lowered its discount rate. But while cheaper money should help restore consumer confidence, it will have little direct impact on car loans. That's because the Big Three's finance subsidiaries had already been offering such loans at below-market rates, as low as 5.9%. "The only way to gain sustained increases in auto sales is with real wage growth," says Jean-Claude Gruet, who follows the industry for USB Securities. Wage gains seemed a bit closer last week when the government reported that U.S. unemployment took a surprising...
...that MCA and Matsushita did not get government permission to change the management of the concessions. The Interior Secretary appears to be playing rough in an effort to persuade Matsushita to donate the park company to the government or to sell the operation to a nonprofit group at a below-market price...
...Japan's "luxmobiles" is Europe. The Lexus went on sale in Switzerland and Britain earlier this year, and in 1991 will hit Germany, France, Italy, the Netherlands and Sweden. In an interview early this year, BMW chairman Eberhard von Kuenheim accused Toyota of "dumping" Lexus in the U.S. market at below-market prices, and declared, "Europe is not willing to destroy its own industry" by giving Japan free access. Toyota calls that charge "groundless and meaningless," but spokesman Yoshiharu Tateishi says, "We are fully aware of the trade friction, and our approach will be modest and prudent...
...Daly said he did invite tenants, and called the party "an open house in which we could publicly acknowledge our thanks to Harvard for selling the building at a below-market price and our thanks to our lenders...