Word: hertz
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Dates: during 1980-1989
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...creating a digital picture of an individual's vocal tract. Bad colds or even Rich Little can not trip up the device, since it recognizes the physiological characteristics that produce speech, not sound or pronunciation. Using this device is as easy as saying "Open sesame." Such major corporations as Hertz and Martin Marietta rely on the technology to protect their computer systems, and these user- friendly voice analyzers could be especially attractive to homeowners and small businesses...
...slopes this winter will probably notice a jump in the price of getting away from it all. The culprits this time are not the airlines but the leading U.S. car-rental agencies, which are imposing their first significant price increases in several years. Last week Hertz increased its rates as much as 5%, and Avis said it plans to do likewise within the year. Other rental agencies are expected to follow the industry leaders before long...
...whenever they charge a rental. As a result, more and more consumers decline the pricey waivers. In the most sweeping move so far, American Express began offering the collision coverage last week to its more than 11 million green-card holders. The American Express action, says Joseph Russo, a Hertz vice president, "begins the de facto elimination of the CDW by car-rental companies...
Rental-car firms have long maintained that CDWs are reasonably priced and that most of the revenues from them go toward repairing vehicles. But now at least some car-rental executives concede that the CDW has been a money-maker all along. The Hertz rate increase, says Russo, is "primarily designed to take care of the revenue loss" that will follow American Express green-card coverage...
...humility, "My dream in life was to own a cow." Now he owns a whole herd of cash-cows to sustain an increasing debt necessary to finance his global expansion. With his military training, he does best with a clear enemy, and currently that is Rupert Murdoch. In their Hertz-Avis relationship, Murdoch is several long steps ahead. His News Group Newspapers, Ltd., is worth $13 billion, with a $6 billion debt, whereas Maxwell Communication Corp. runs at around $5 billion, with roughly $2 billion in debt. Murdoch's tabloid, the Sun, sells 4.2 million copies...