Word: discounts
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...little doubt that that's what Chairman Greenspan is up to--even if he won't say so, which he won't. Last week the Fed boss pushed the benchmark federal funds target rate to 6%, the fifth increase in nine months. For emphasis, he raised the symbolic discount rate as well and all but promised more to come. Banks followed by boosting their prime rate to 9%, the highest in five years--meaning higher costs for credit cards and mortgages...
THONG UNDER, PANTS OVER Last week the good people of Morgan Stanley went "business casual" five days a week. They were also offered a 20% discount at J. Crew. If they need that much help, perhaps they could use tips from the soon-to-be-published book Beyond Business Casual...
Generally, the one percent of American employers offering this perk aren't providing pet health insurance per se, but rather a discount plan that cuts the cost of veterinary visits and prescriptions by a set percentage. Three-year-old Pet Assure, Inc., of Dover, N.J., provides one such plan, and according to company spokesperson Jerry Hirsch, demand has never been higher. "This is just another way employers can keep workers happy," Hirsch says. "Companies have to be creative just to retain employees these days, and helping them with pet health care costs is one way to do that." When...
Leahy would be the last man to discount the value of good salesmanship, but the real issue, he insists, is the quality of Airbus jets. He eagerly awaits the planned A3XX, a double-deck 550-seat mammoth with onboard sleeping areas, lounges, duty-free shops and exercise rooms, which will sell for up to $240 million apiece. "It will be a totally different way of flying," he says. Airbus will put the plane in service by 2005 if it can get the advance orders to justify the $12 billion development cost. So far, only a handful of airlines, mainly...
...easier: Two studies published in this week's issue of the journal Nature go a long way toward debunking last year's scare; researchers were unable to duplicate the findings reported in the preliminary study. They say the figures may have emerged because the earlier study did not discount the possibility that short-sighted parents might be more likely to use nightlights and that short-sightedness tends to be passed from generation to generation...