Word: premiums
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...Japanese companies actually have done well under the restrictions. Since they could export only a limited number of autos, they began shipping more expensive premium models rather than small economy ones. In addition, Japanese firms could raise prices on their small cars because they were often in short supply. If there were no restraints, one U.S. study said, the average Japanese car would have cost $1,300 less...
Opponents of these reforms argue that they would further encourage undergraduates to procrastinate and to cram for exams. Their protests defy the basic philosophy of reading period, which places a premium on study and synthesis. Reading period allows students to put a semester of lectures, readings, problem sets, labs, and papers in perspective before the final exam asks them to make sense of it all. Reading period is also a last chance to study readings that felt by the wayside and might otherwise go unread. By subverting this valued Harvard institution, professors only limit the possibilities for thoughtful reflection...
...eloquent testimony to the persistent high stylishness of premium wristwatches that jewelry shops in Milan and Paris will display a 1920s Patek Philippe, made of platinum and curved to conform to the wrist, right next to a new gold model. Antique stores in London will sell, say, a reversible Jaeger- le Coultre or a vintage Audemars Piguet, with only two small windows at the top of the solid gold case, as objets of decorative jewelry, like a piece of Lalique crystal. On the tony reaches of Madison Avenue, Watch Entrepreneur Stewart Unger last fall opened Time Will Tell, a watch...
...economic turbulence of the last 15 years has increased the premium on successfully planning ahead. On the other hand, the record of most forecasters has been inconsistent at best, and for most it has been poor. Forecasting has failed exactly where it is needed most--in anticipating changes or trend breaks. It works best when it is needed least; where changes are smooth or familiar cycles repeat...
Pickens' spectacular gains have led critics to charge that he is really an adept practitioner of "greenmail." A greenmailer creates the threat of a takeover by buying a big chunk of a company's stock. He then sells the shares back to the firm at a premium when its executives, fearing the loss of their jobs in a takeover, agree to buy him out. Pickens denies any intention of greenmail: "If we had wanted to greenmail Phillips, it would have been a substantially different deal. Instead, we did stay in and we did work hard for the stockholders...