Word: buyer
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Dates: during 2000-2009
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...channels of pop-culture noise? Is there some inalienable right to affordable Cinemax that the Founding Fathers missed? Finding the price point for cable TV is no more the government's job than holding down those ridiculous Coke prices at the multiplex. It's for the buyer and the seller to work out for themselves...
...buyout game is more complicated today. The typical LBO has three layers of financing--equity (put up by the buyer), senior debt (borrowed from a bank), and junior debt, or junk bonds (most often provided by junk-bond mutual funds). Banks are reluctant to lend for speculative buyouts with the economy slowing, though the Fed's rate cuts are easing that condition...
...still struggle to know what comes next in politics, in business, in fashion, in art. Whole industries are built on predictions of trends and tastes, political parties risk all on forecasts of voters' views, designers cut their cloth on the basis of what a buyer will want to see in the mirror three seasons hence. Currency traders act on a prediction of what will happen to the value of the yen in the next minute, while actuaries construct tables of risk on the basis of an expected rise in sea temperatures over the next 100 years. We cannot resist...
Half has also done an end-run around the fraud issues eBay has never been able to fully shake. The company bills the buyer and pays the seller, which means there's no danger that a seller will have to grapple with a bounced check. What's more, Half offers a buyer-protection guarantee on all sales. "You might be buying it from Bob in Des Moines, but you're also buying it from Half," says Kopelman...
...boys are back in force. And in a buyer's market: Thanks to the burst tech bubble, the cost of a 30-second spot is up only $100,000 this year, compared to last year's half-million jump, and some reports have it that CBS was still looking for takers as late as Friday. (For movie companies, the price was still a little rich. Only MGM, with "Hannibal," Universal, with "The Mummy Returns," and Columbia, with "A Knight's Tale," have bought game-time spots (one each) and Paramount is running its "Tomb Raider" ads during the cheaper...