Word: markup
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Dates: during 1970-1979
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...profit motive reigns unchecked along Santa Monica Boulevard. The markup on dildos is 600%, and the nudie magazines that retailers buy at $3 each sell for $6 to $8. Not everything, however, is what it seems. The Institute of Oral Love mainly dispenses talk, and Wild Mary's Massage provides local stimulation only if the customer pays extra. On the north side of the street is the "Beefcake Zone" where male hustlers loiter outside the homosexual theaters. The south side belongs to the straights, 70% of whom seem to be Japanese tourists. And from the open doors waft odors...
...forbidden to enter: leasing of airplanes, trucks and vending machines, purchase of consumer-loan, management consulting and real-estate development companies. Meanwhile, bank representatives competed in scouring the country for customers. Says Rutgers University Professor Paul Nadler: "Everyone was on a drunken kick. Banking became a high-volume, low-markup business...
Rating Bureaus. The prime targets of the Administration are property and liability insurers. These companies jointly organize rating bureaus, which in each state compile statistical information that enables insurers to determine average risks and costs. In many states the rating bureaus also add a profit markup and file a schedule of premium rates that state authorities generally accept. The Administration believes this practice makes rates higher than they would be if each company filed its own premium schedules, and it thinks the practice would be illegal under federal antitrust laws...
AMREP promotions recited an enticing litany: Albuquerque was expanding in the direction of Rio Rancho; land values in surrounding Sandoval County were rising at an astonishing pace; there was a hyperactive market for resale; AMREP was letting the land go at such low prices because of its "low markup, high-volume policy"; all the lots were part of a "master-planned community"; and utilities were available to anyone who wanted to build. The indictment charges that each of these claims was criminally misleading...
...crusader, Democratic Congressman Al Ullman spent months trying to produce an energy policy that would reduce U.S. consumption and make the nation less vulnerable to another Arab oil boycott or price boost. As Chairman of the House Ways and Means Committee, he devoted day after day to hearings and markup sessions on a tough bill that would have raised the tax on gasoline to as much as 40? per gal. in stages by 1979, imposed a windfall-profits tax on the oil companies, put a tax on autos with poor mileage and set oil-import quotas...