Word: discounter
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Dates: during 2000-2009
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...Star cola, €1.49 for six. "Aldi used to be for people who didn't have much money, but now everyone goes - bank managers, lawyers, everyone," she says. The worse the economy, the better the business at Aldi. Last year it racked up €27 billion in sales. And discounters, including Aldi, Lidl and Plus, boosted their share of the German food market to almost 38%, from 33% in 2001, fueling a price war with more traditional supermarkets. You might think that officials would be happy that consumers are saving money in tough times. But the discounters' success is controversial...
...locks for nominations, but bunched behind them are a slew of films jockeying for the final three slots; of this group, The Pianist, The Lord of the Rings: The Two Towers and Gangs of New York are most likely to snag the nods. Still, don’t discount the chances of Adaptation, My Big Fat Greek Wedding, About Schmidt and Road to Perdition...
...Other stores are stuck in a cycle of cruelty, like some horrible dysfunctional marriage. Speaking of which, I inadvertently mentioned the 60%-off sale to my wife. Three days and $600 later, I became the worst-paid sales assistant in history. They didn't even give me a staff discount. Fashion is a cruel business...
Then there's the man credited with persuading President Bush to dump the dividend tax--Charles Schwab. Founder of the discount brokerage firm, Schwab took part in the President's Economic Forum in Waco, Texas, in August 2002. As the President listened to speakers lay out proposals for getting the economy moving, Schwab ticked off several ideas, including a recommendation "to reduce the double taxation of dividends...
...closed-end funds tend to trade below the asset value, called a discount. Many analysts say this situation is due to fees paid to fund managers that drain value from the fund...