Word: discounts
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Dates: during 1980-1989
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...enough to meet U.S. oil-import needs for 100 days. The Reagan Administration has proposed stopping short of the final goal, 120 days' worth, as a way of cutting the federal deficit. But at these oil prices, the Administration is now thinking of continuing to stock up before the discount binge ends...
Consider some of the features offered on the major commercial computer networks. An on-line catalog called Comp-u-store lists discount prices of as much as 50% on 250,000 brand-name consumer items, from Hickory Farms sausages to Stanley Tools wrenches, and accepts electronic orders for any of them. A-Z Worldwide Hotel Index carries rates and descriptions of 25,000 domestic and international hotels. The Career Network holds 4,000 resumes and 3,000 job openings. Stockvue analyzes the performance of 3,100 common stocks. The IRS provides full-text electronic versions of its 75 most requested...
...discount on cigarettes is particularly unfortunate because teenagers and new smokers have been shown to be especially sensitive to price changes. According to Prof. Richard Daynard of the Northeastern University Law School, "By keeping prices 30 to 35 percent below market prices, the military is doing more to encourage young people to take up smoking and continue...
...rift opened Feb. 24, when Martin and Seger pressed the board to vote on a proposal to cut the discount rate, the interest that the Federal Reserve charges member banks for loans, from 7.5% to 7%. Volcker urged the board to postpone the cut because he was trying to persuade other industrial countries to drop their interest rates first. He feared that if American rates fell too fast, foreign investors would pull money out of the U.S. and send the dollar into a free fall...
...board assembled again at its dark mahogany table and suspended the rate cut so that Volcker could have more time to confer with foreign officials. Less than two weeks later, after West Germany and other countries had reduced their interest charges, the board unanimously voted to lower the discount rate...