Word: buyer
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...scenario. That's all the more reason for the government to get ahead of the curve and begin piecing together the electric infrastructure - smart meters, public charging points, more renewable power - that will speed the adoption of plug-ins. "A car affects the world more than anything else a buyer will purchase in his or her lifetime," says Felix Kramer, founder of the California Cars Initiative, a plug-in advocacy group in Palo Alto, Calif. Plug-ins can turn the car from a force for environmental destruction to something that frees us from oil - but only if we make...
...chain of events over the weekend went something like this: Efforts to find a buyer for struggling Lehman Bros. collapsed in the face of government resistance to any kind of bailout and the refusal of all potential purchasers (UK-based Barclays was reportedly the one that came closest to making an offer) to sign a deal without government backing. With Lehman headed for bankruptcy, Merrill Lynch was the next- most-vulnerable-looking Wall Street firm, so its CEO, John Thain, quickly inked a $29 a share sale to Bank of America that values Merrill at $50 billion. Meanwhile, AIG asked...
...have rocketed ever higher, galleries have been dreading this very possibility: that a famous artist would bypass his dealers - who usually get a cut of roughly half of a work's sale price - and make straight for the auction houses. (The auctioneer's fee is paid by the buyer on top of the sale price, which means Hirst will walk away with pretty much every dollar his work gets hammered down for.) If it meets expectations, the sale could put about $120 million into Hirst's already well-lined pockets, a payday unlike anything any living artist has seen...
...museum. A month later the artist gave a private tour of some of the Sotheby's work to Daria Zhukova, a young, London-based art impresario. Her boyfriend is Roman Abramovich, the Russian owner of Chelsea Football Club, who this year alone was widely presumed to be the buyer of a $33.6 million Lucian Freud that set an auction record for the work of a living artist, and an $86.3 million Francis Bacon that set a record for postwar...
...According to the Advisory Committee on Student Financial Assistance, U.S. textbook prices rose 186% between 1986 and 2004, or twice the rate of inflation. College students now spend roughly $900 on textbooks every academic year, books they are required by their professors to purchase. This disconnect between the buyer and the seller allows publishing companies to artificially inflate their prices. "Publishing companies generally don't disclose prices to faculty," says Luke Swarthout, a higher education advocate at the U.S. Public Interest Research Group. "The person buying the books isn't the person paying for them - it's what we call...