Word: marketeers
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Dates: during 1970-1979
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Until West Germany gained ascendancy as Western Europe's main heroin market, that dubious distinction belonged to Amsterdam, which had dominated the trade following the breakup of the infamous "French Connection" in 1972. But unlike the highly organized drug networks that have operated in France, The Netherlands and the U.S., the West German drug trade is mainly in the hands of individual entrepreneurs selling the stuff on their own. This makes it all the more difficult to stem the tide. Arrest statistics indicate that a very high proportion of the smugglers are Turkish immigrants, who constitute about...
...fewer choices than large investors. If he is willing to tie up his money for a long time, he can buy four-year bank certificates linked to the Treasury note rate, now paying over 8%. But depositors with $10,000 can earn 10% from six-month money market certificates, and people with $100,000 can pick up 11% from three-month bank certificates of deposit...
Splashy, seductive ads have enabled Jordache to make a quick hit in the lucrative market for pricey (about $35 a pair), high-styled jeans that carry the labels of famous designers. Total jeans sales are running 10% ahead of last year, with designer jeans up more than 30%. Compared with the old, proletarian Levi's, which retail for around $20, the designer models are more form-fitting and have fancier stitching and other touches. Until last spring, the market was dominated by Gloria Vanderbilt, Calvin Klein, Ralph Lauren and other names synonymous with class and cash. But Jordache...
...based on a "worst-case analysis"--a tactic the Pentagon has honed to the finest degree. Few financial observers predicted that Chrysler would actually have to liquidate all its operations simultaneously. Assuming that it did continue to decline, Chrysler would more likely continue to lose its share of the market to GM, albeit at a faster rate than it has for the past decade...
...politicians then took a studiedly stern look at Chrysler's proposal. After all, barging into the free market system on behalf of a declining concern violated every tenet of what is supposed to be America's survival-of-the-fittest economy. And the politicians seemed to take a hard line on Chrysler, casting aspersions on Chrysler's tax code shenanigans, and substituting them with their own plan. Treasury Secretary G. William Miller said that the government might aid Chrysler with a guaranteed loan of $750 million, but only after the corporation made internal sacrifices and set out a sound plan...