Word: discounted
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Dates: during 1990-1999
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Others recall a sweeter side. Lulu Washington sells discount candy out of her house, just across from Yummy's. "He just wanted love," she says. For that, he could be disarmingly kind. "He'd say thank you, excuse me, pardon me." He loved animals and basketball and had a way with bicycles. He once even merged two bikes into a single, working tandem. Those were the good times. "It always meant trouble when he was with a group," says Ollie Jones- Edwards, 54. "If he was alone, he was sweet as jelly...
...this is the consumer." Even AmEx's Skillern acknowledges that "the world probably doesn't need a new credit card," though he remains confident that "consumers will welcome a new series of value propositions." (That's industry-speak for such card bonuses as the frequent-flyer miles and discount phone calls that have proliferated over the past decade...
...takeover of AmEx; both companies deny the report. Meanwhile, AmEx's best hope for luring away clients from scrappier competitors may be its formidable electronic data base, which enables the company to develop extensive customer profiles. By zeroing in on people's purchasing habits, AmEx can enclose targeted discount offers in its monthly billings that encourage clients to ring up more charges on their cards. And who knows? Perhaps the back-to-values '90s still have room for some '80s-style snootiness. Maybe Baryshnikov shops at K Mart...
...outlet near the downtown area of St. Johnsbury (pop. 8,000) as the price of admission to Vermont. Not that it will be a mere boutique. At 75,000 sq. ft., the store will dominate the town's landscape, yet it will still be modest by comparison with the discount palaces of 120,000 sq. ft. that Wal- Mart has built in other states. The concession could accelerate Wal-Mart's expansion in New England at a time when the company is beginning to run out of other U.S. locations and is moving abroad -- from Canada to Argentina -- to build...
Inflation-zapper Alan Greenspan raised key interest rates by a whopping one-half of 1 percent today. The discount rate and the federal funds rate now stand at 4 percent and 4.75 percent respectively. (Both are rates that the central bank charges banks for loans.) Private banks dutifully took Fed chief Greenspan's cue and raised their lending rates as well.While a rate hike was anticipated, its magnitude was not: previously, economists pegged the increase to 0.25 percent. Today's action has the Democrats in Congress more than slightly peeved at Greenspan. And rightly so, says TIME's Business assistant...