Word: bros
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Dates: during 1970-1979
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...Space Knight Parker Bros. Beverly, Mass...
...spaceman doll whose computer memory gives it a disappointingly narrow range of behavior. It breathes heavily (one of its better effects), buzzes, twitters and flashes its lighted eyes, and sounds ominous gongs, one for good and two for evil. The trouble with this Parker Bros, homunculus is that it looks as if it should be able to use its arms and legs like a true robot, and it can't. Rom will end up among the dust balls under the playroom sofa...
Bernie De Koven, 38, is the game designer for Ideal Toys, makers of last year's big-selling Electronic Detective-similar to Stop Thief, this year's Parker Bros, entry. His office is cluttered-a creative mulch of dolls' heads, car wheels, batteries, record-player motors, computer entrails, synthesizers and oscilloscopes-but he knows where the action is. "Try an experiment," says De Koven. "Bring in 30 of your most beautiful mechanical games and two cruddy electronic games to a group of kids, and see what happens...
...manufacturer or entrepreneur raises the price of a product, the government will tax this added value at a rate of 10 percent. Without the VAT, Ernest and Julio Gallo sell their Pinot Chardonnay to a wine distributor for $18 a case. But this tax will force the Gallo Bros. to raise the price of their wine to $20, to cover the $2 they will have to pay the government. The wine distributor then sells the Pinot Chardonnay to liquor store owners for $30 to absorb a $1 VAT. He has added $10 to the price of the wine...
Such tales have not been limited to small firms. Chemical Bank, which lost $6 million in post-Volckerism bond dealing, abruptly fired its trading manager. A billion-dollar sure thing- the issuing of IBM bonds last month- turned into a pumpkin for such blue-ribbon investment bankers as Salomon Bros., which had underwritten the deal. Because of difficulties selling the IBM securities, Salomon and other traders had to swallow losses of $10 million. For the once staid bond market, it has been a fitting 50th anniversary of the Great Crash...