Word: discounts
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...wife Cosima is unmarked. Who else could be buried here, after all? After a day of failing to share the passion, I head back to my pension with a sense of disgust. The connection between Wagner’s son and the Nazis is particularly appalling, and makes me discount the whole musical phenomenon as folly, an incomprehensible collective mistake...
...bags are everywhere, it seems--so easy to buy that in some circles it's almost uncool to carry the real thing. Once limited to grimy stalls on New York's Canal Street, counterfeit luxury goods can be found online and in malls, and have even turned up at discount chains such as Daffy's, based in Secaucus, N.J. Among the ladies-who-lunch crowd, purse parties, where guests buy inexpensive fakes in private homes while they sip champagne, are the latest trend. With all this fun, cheap merchandise, why buy the real thing...
More than ever, investors of modest means who are looking for financial advice will have to go it alone. That's the lesson behind last week's sacking of CEO David Pottruck at discount brokerage Charles Schwab. Since taking the sole helm at Schwab 14 months ago, Pottruck has been unable to make the firm's middle-market strategy pay. And with onetime everyman firms like Dean Witter gone and Merrill Lynch refocused on the rich, it's not clear that anyone will step up with a full plate of services for ordinary folks...
With founder and eponym Charles Schwab replacing Pottruck, many expect the firm to focus on the discount brokerage business, which accounts for 70% of its pretax income. But Schwab could make a decisive assault on the full-service brokerage industry or even be put up for sale. What's clear from the firm's troubles--it lost 44,000 accounts in the second quarter, when profits fell 10%--is that the middle market is a tough racket. Don't look for anyone to rush into this void...
...spent discussing the aspects of those photos that repulsed everybody, including me. The point I made was that this is not worth demeaning our entire war effort. And I think that these photos have been used as a political opportunity here by opponents and enemies of the President to discount the entire war in Iraq...