Word: distributor
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Even before the St Germain report, small businessmen across the U.S. were skeptical that the prime was really the best rate available. Snaps Robert Laughlin, a Portland, Ore., food-equipment distributor: "The prostituted prime is nothing but greediness on the part of large banks." Attorney Jackie Kleiner has filed suit against the First National Bank of Atlanta, alleging that it uses an artificial prime to discriminate among borrowers. Says Kleiner: "The prime rate is supposed to be the bank's cost of obtaining money, plus a small profit. But it turns out that the profits are obscene...
...making an epic Western. He was hot. He had an unlimited budget. But a painfully limited talent, $35 million worth of hubris. When the film opened in New York last November it received universally poor reviews. The New York Times called it "an unqualified disaster." The film's distributor, United Artists, withdrew it from N.Y. theaters after only one week. Cimino promised to re-edit the film from its 225 minutes to a more conventional length of 2 1/2 hours. Unprecedented humiliation in Movieland...
Next year General Motors Brazil will introduce 12-ton alcotrucks and Honda will make alcomotorcycles at its plant in Manaus. Ford alcotractors are being tested. A Brazilian food distributor is using an alcoboat to make deliveries to isolated communities along the banks of the Amazon. The government expects that by 1985 alcohol use will cut Brazilian gasoline consumption in half...
Manufacturers in Japan, once a nation of imitators, complain that others are up to their old tricks. Example: a Hong Kong firm turns out a timepiece under the Aseikon label, so that all a distributor has to do is strip off the a and the n to get a Seiko. In Milan this summer, police raided a warehouse where counterfeiters made copies of goods sold by Dior, Fendi, Cartier, Gucci, Louis Vuitton, Valentino, Omega and Celine, among other firms. The inventory included 10,000 gold-plated watches and lighters, 8,500 handbags, 400 pieces of luggage, wallets and purses...
...seems the majors have gotten to the point where they're only interested in selling millions of copies," contends Bob Say, the head of the west coast branch of Jem Records, the largest distributor of import records in America. Jem started in 1971 as a three-man operation pushing a catalogue dominated by progressive rock albums out of a house trailer in New Jersey. Their business mushroomed dramatically when the major American labels turned their backs on the punk bands emerging in England three years...