Word: discounted
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Dates: during 1980-1989
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...Books in Print, an annual publisher's guide. Searching the shelves of other major bookstores in the Square--Harvard Book Store on the corner of Mass. Ave. and Plympton St., Paperback Booksmith on Brattle St., WordsWorth on the corner of Brattle and Mt. Auburn, and the WordsWorth 2 discount outlet down Mass. Ave. toward Central Square--we found that, in almost all cases, the Coop is the only supplier of textbooks in the area...
...fancy new entry on a shopping list. Local Bell System companies, as well as AT&T's brand-new baby, American Bell Inc., are beseeching customers to buy telephones instead of leasing them, and even to plug more of them into their homes. Department, specialty and discount stores are getting into the act too, stacking shiny new phones next to the portable TVs and toaster ovens...
First, F.W. Woolworth Co. (projected 1982 sales: $7.3 billion) decided to lop off its unprofitable Woolco discount stores and to pull out of Britain. Next, Woolworth Chairman Edward Gibbons, 63, died suddenly in October. Then Bruce Allbright, 54, whom Gibbons had hired just one year earlier to run Woolco and the U.S. Woolworth stores, returned to Dayton Hudson Corp. Finally, the upheaval at Woolworth reached a climax last week when its highly regarded president, Richard Anderson, 47, also walked out the door. He was immediately replaced by Harold Sells, 54, who had been senior vice president...
...slumped to its lowest level in more than two years and fears of international financial collapse were spreading. Against this backdrop, Volcker hinted that he was prepared to act more flexibly, to permit monetary growth "somewhat above" the announced targets. Several quick cuts by the Fed in its discount rate to member banks drove home the point. As the money supply expanded and interest rates fell, Wall Street bought Volcker's act. Beginning in August, the Dow Jones industrial average staged a 288-point rally that peaked in early November, and the bond market boomed with...
...fear that a too rapid expansion of the money supply by the Federal Reserve could eventually reignite inflation. As a result, they demand high interest as protection against rising prices. But until bond rates come down, companies will continue to restrain their capital spending. After the cut in the discount rate last week, long-term interest rates initially fell, but they bounced back up again, partly out of concern that the Federal Reserve was easing too much and risking future inflation. Concluded Greenspan...