Word: markup
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Like all middlemen, these coyotes serve a purpose in the market: to buy coffee from small farms and sell it to American coffee distributors at a huge markup...
...security measures.” Hoyts’ cinemas in the hinterlands no longer allow movie-goers to bring bags into movies—consumers are meant to believe that these draconian measures are for our own security, and not for the security of Hoyts’ tremendous concession markup. The Marriott Marquis hotel in Times Square, whose glass elevators tourists eager to zoom 45 stories above Manhattan have sardined into during countless past Thanksgivings, this year required room keys for entry into its lobby. Meanwhile, at Penn Station in New York City, no one without a train ticket could...
...Boston. During his 25-year tenure as director of the M.I.T. Laboratory for Computer Science, Dertouzos focused on developing easier-to-use technology. He recruited Tim Berners-Lee, credited with inventing the World Wide Web, and spearheaded the establishment of the World Wide Web Consortium, which devised a common markup language for Internet use. DIED. JUAN MUNOZ, 48, internationally acclaimed Spanish figurative sculptor known for creating large architectural installations; of a heart attack, in Ibiza, Spain. Mu?oz was at the height of his career: last year he won Spain's national award for the plastic arts. And in June...
...business. Get a bank loan and open a franchise restaurant in your home town. Find some cheap, nostalgic piece of clothing you can have mass-produced in Asia, then take out a sumptuously-worded romantic ad in The New Yorker and sell the things for an 800 percent markup (if you think I'm kidding, that's how the J. Peterman catalog was started). Or, best of all, find a couple of electrical engineers who have hit on The New New Thing in computing, tell them you'll help them relate to the non-geeks of the world, then take...
...several times the government-controlled price then in effect. The indictment claimed that Rich's firm bought petroleum for as little as $5 per bbl., then ran the crude through a series of complex transactions that obscured its origin before selling it back to a Rich subsidiary at a markup as high as 400%. Much of the profit went to a Rich company in Switzerland, which paid no U.S. taxes on the allegedly ill-gotten gains...