Word: discounting
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Unfortunately, however, this story does not have a happy ending. The Johnsons are trying to unload their books at a 25 percent discount as they prepare to close up shop and move back to Vermont in the next few weeks or months. The Johnson family can no longer afford to stay in business...
...discount policies offered by aggressive competitors like Wordsworth's hurt business, Graves said. And Reading International never recovered financially from expensive renovations in 1990, either...
...such victories are sporadic at best. Last spring a Manhattan and New Jersey discount clothier named Daffy's ran an ad showing a straitjacket with the caption, "If you're paying over $100 for a dress shirt, may we suggest a jacket to go with it?" Protesters picketed a store, wrote letters and petitioned the New York City Commission on Human Rights. A Daffy's spokesperson insisted that the ad was humorous and called the protest unfair...
...about 438,000), threw his real estate holdings into bankruptcy and exacted a 20% pay cut from his staff before finally putting the paper up for sale. Answering the call was Hoffenberg, whose millions come from "financial services," in this case buying other business's bad debts at a discount and then hounding the debtors...
GERMANY'S POWERFUL CENTRAL BANK, THE BUNDESbank, finally did what other European governments have been crying out for since last September -- cut interest rates, dropping its key Lombard rate from 9.5% to 9% and discount rate from 8.25% to 8%. The surprise move defused the latest crisis in Europe's linked exchange-rate system caused by a 10% devaluation of the Irish punt and a fierce attack by speculators on the Danish krone, one of Europe's strongest currencies. The rate cut also buoyed the sinking British pound, which last year was forced completely out of the currency grid...