Word: discounted
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Dates: during 1980-1989
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...billion. The budget gap may stall the economic recovery by pushing up interest rates. Last week banks raised the prime rate that they charge corporate customers from 11.5% to 12%, the second rise in three weeks. The Federal Reserve Board reinforced the trend by raising the discount rate it charges on loans to banks from...
Call it "speed," "crank" or "poor man's coke," the powder produces a cocaine-like high at half the price. Methamphetamine, at $60 a gram, is the discount drug of choice on the West Coast and a multimillion-dollar-a-year business for a new form of organized crime, a California-style Cosa Nostra on wheels. "We've got contract murders, interstate narcotics transactions, shipments of stolen property, cars and weapons," asserts U.S. Marshal Budd Johnson, member of a San Diego drug task force, the Organized Special Investigation Team (O.S.I.T.). "The Hell's Angels today...
...keep down the money supply with higher interest rates to prevent more inflation. They fear that signs like last week's $4 billion jump in the basic money supply point toward sharp price increases later in the year. In deed, Salomon Bros. Economist Henry Kaufman expects the discount rate, the price the Federal Reserve charges mem ber banks for loans, to rise a full percent age point in the next two months. Others contend that since the money supply has been growing within its announced target range of 4% to 8%, there is no need to clamp down...
Analysts have heard rosy projections from Pan Am before and have had reasons to discount them. Big, cumbersome and overextended, the once powerful airline seemed on the verge of crashing for a decade. As far back as 1974, when it had about $850 million in debt, the airline held preliminary meetings with bankruptcy lawyers. Everything Pan Am did to make things better only seemed to make them worse. To raise money, it was forced to sell its 59-story Manhattan office headquarters. It bought National Airlines at the exorbitant price of $450 million in 1980, after a furious bidding...
...protest right out of the '60s. This demonstration, however, had a contemporary twist: more than 100 angry students at California Polytechnic State University in San Luis Obispo had marched into the president's office to demand a chance to buy Apple's Macintosh computer at a discount. The California manufacturer had been offering selected colleges its new machine, which retails for $2,495, for resale to students at a price of just over $1,000. Two dozen universities, including Harvard, Yale and Stanford, accepted Apple's terms, ordering more than 50,000 computers. But Cal Poly...