Word: discount
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Dates: during 1980-1989
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Iran's representative to OPEC, Mohammed Gharazi, was easily the most obstreperous delegate in London last week. He proclaimed that his country would "never, never, never" agree to a reduction in the official OPEC price, a transparently hypocritical stance. For months Iran had been offering discount prices, sometimes as low as $26, in hopes of boosting production. The Iranians fear that if the benchmark price were slashed, they would have to offer even deeper discounts to maintain sales. In the face of a deadlock on the pricing issue, some ministers began talking openly of an unprecedented move: reaching...
...right to exist should disqualify the organization in any political settlement. The purpose of the PLO, as delineated its charter is the destruction of Israel. And the means employed-the bombing of northern Israel, the terrorizing of southern Lebanon, and the holding of civilians in Beirut last summer-discount the PLO from participation in the peace process...
...showed last week just how hard it can be to kick the discount habit. The airline, which set off the recent round of $99 fares by offering them on more than 40 of its U.S. flights in January, had planned to halt them Friday. But Pan Am executives changed their minds at the last minute, and decided to keep the $99 rate on most of the flights through March. The airline apparently did so because virtually every other major U.S. carrier is offering some form of $99 ticketing until the beginning of April...
...Discounts may shrink as the airlines recover, but bargain fares are likely to remain. "The American consumer is doing to the airlines what he has already done to the auto industry," says Julius Maldutis, an industry analyst at Salomon Brothers. "He buys only at discount." Concedes Delta's Berry: "Discount rates are here to stay, but they must also be realistic." In deed, with a lot more realism and a little more luck, U.S. airlines may finally pull out of their financial nosedive and regain their cruising altitude...
...Records Top-Ten Albums [from Rolling Stone magazine, February 10] Album/Artist Coop Discount Records Strawberries Business as Usual/Men at Work $5.49 7.49 7.29 Built for Speed/Stray Cats 6.89 7.49 7.29 Get Nervous/Pat Benatar 5.49 7.49 7.29 H2O/Hall and Oats 5.67 7.99 7.47 The Nylon Curtain/Billy Joel 5.49 -- 7.29 Midnight Love/Marvin Gaye 6.89 7.49 7.29 Night and Day/Joe Jackson 5.67 5.99 7.49 Hello, I Must Be Going/Phil Collims 5.49 7.49 6.29 Coda/Led Zeppelin 5.49 5.99 6.29 Thriller/Michael Jackson...