Word: bidder
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Dates: during 1970-1979
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...Christie estate, romancers like Rosemary Rogers and Victoria Holt owe their millions to the modest little 7-in. by 4-in. volumes that decorate racks at drugstores, airports, supermarkets and book emporiums. No wonder that Mario Puzo's latest effort excited such frantic bidding. With paperback rights, the successful bidder would be able to saturate those ubiquitous wire racks?if Puzo's track record is any guide?with one of next year's biggest blockbusters. Stores would be clamoring for every paperback copy of Fools Die they could lay hands on. This, in turn, would give the publisher leverage...
Government is also the largest single buyer of goods and services, says Weidenbaum, and it is about as cost conscious as a Saudi prince in Beverly Hills. Instead of buying from the lowest bidder or the best supplier, Government agencies and contractors are required to favor small businesses and suppliers in high-unemployment areas. That policy may or may not have social benefits, but it surely hypes inflation and discriminates against bigger companies...
...Government-aided construction projects, the Davis-Bacon Act requires that the job go not to the lowest bidder but to the contractor who agrees to pay the "prevailing" wages of the region, often meaning the highest union scales paid in the nearest big city. "So in rural Maine they'll use the wage scales of Boston, and in Appalachia they'll use the wage scales of Pittsburgh," says Weidenbaum. "But those wages are so far above the standards in Appalachia that frequently Appalachia firms don't bid for the jobs. They can't pay their workers...
David Scott, Apollo 15 astronaut, on the blastoff: "You just sat there thinking that this piece of hardware had 400,000 components, all of them built by the lowest bidder...
...only fair to give the Loeb players their due; and certainly, they deserve a rave. From Jon Goerner, who balances Figaro's cynical honesty with just the right degree of humor, to Linda Cameron, Figaro's master's love, to Jonathan Prince, the hilarious flunky who serves the highest bidder, the cast is one of the best assembled in some time at the Loeb. If at times we are given a few too many slapstick gags, these times are few. For the most part, the buffoonery is nicely balanced by a moment now and then of seriousness, and any critical...