Word: discounts
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Dates: during 1980-1989
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...cutting began in earnest in July, when IBM slashed the cost of the basic one-diskdrive model from $1,269 to $999. In mid-October, the company offered dealers an extra $250 rebate and encouraged them to pass on the savings to customers by selling the machine with heavily discounted software and peripheral equipment. By November, computer stores were offering a computer-and-color-monitor package that once went for $1,698 for under $900, and some discount houses were selling it for even less. Now, in the final shopping days before Christmas, the PCjr is undercutting the competing Apple...
...weeks ago Volcker flashed the sign that the White House wanted to see. The Federal Reserve cut the discount rate, which it levies on loans made to member banks, from 9% to 8.5%. It was an unmistakable signal for banks to lower the interest rates they charge customers. Even some of Volcker's harshest critics are now optimistic, if not entirely satisfied. Says Richard Rahn, chief economist for the U.S. Chamber of Commerce: "The Fed has reacted late and it has probably not gone far enough, but I think we can avoid a recession. The economy should rebound." Administration...
...difference between nonprofit hospitals and companies like Humana is that the large chains usually make better use of cost-cutting measures, including centralized billing and inventory controls. They can get the benefits of economies of scale by buying bandages and other supplies in huge volumes at discount prices. Profitmaking hospitals have no monopoly on cost-effective management, but they have more incentives. Says Humana Chairman Jones: "Making a profit is never an end. It's a requirement. Any hospital has the same opportunity...
...find more risk taking, more motivation and more financial entrepreneurship." Notes Leonard Weil, president of California's Mitsui Manufacturers Bank: ($1.7 billion): "Despite all the dark suits worn by its leaders, banking is a very dynamic industry." Bankers have rolled out dozens of new services ranging from discount-catalog shopping to home-equity accounts that allow consumers to write checks based on the value of their house or condominium...
...jerry-built financial structure, which includes flaws that work against the best interest of the public." Citicorp, for instance, plans to offer insurance by mail from offices located in South Dakota, the only state that allows banks to enter that field. BankAmerica and others also sell stocks through discount brokers, which is legal as long as they offer no investment advice directly in connection with the trade. The FDIC last week set rules so that 9,300 state-chartered banks can buy and sell corporate securities for their customers...