Word: premiums
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...operations, which grossed $216 million, embraces brand-name discount chains that require little in the way of display space, sales help and security personnel because customers order merchandise from catalogues. Thus the companies can undercut many of the big low-price chains like K mart. The other, the Carlson Premium Group, which last year got one-third of its $250 million revenues from Gold Bond Stamps, organizes incentive programs for companies that reward high-achieving employees and dealers with expensive trips and gifts. Carlson also has a sporting-goods importing business, a diamond wholesaling operation, a gold-jewelry manufacturing firm...
Allen places no more of a premium on intellectual prowess or talent than he does on money or status. "I know so many people who are well educated and supereducated," he explains. "Their common problem is that they have no understanding and no wisdom; without that, their education can only take them so far. On the other hand, someone like Diane Keaton, who had not a trace of intellectualism when I first met her, can always cut right to the heart of the matter. As for talent, it is completely a matter of luck. People put too much...
...half the $13 billion or so of extra revenue that oil firms stand to get as the price of domestic crude oil, which now averages $9.45 per bbl., rises to the world level. At the moment, that figure is $14.55 for OPEC oil, but Ecuador is now charging a premium price of $20.60 per bbl., and other producers are also levying surcharges on the basic OPEC price. Under Carter's plan, the proceeds of the oil tax would be funneled into an Energy Security Fund that would bankroll the development of alternative energy sources such as solar power...
...import favored notably by Japanese naval officers, who had picked up the taste from British seamen. He opened the first Japanese whisky distillery, using as working drawings for the equipment rough sketches of pot stills brought back from Scotland. Lighter and possessing slightly more body than most Scotch whiskies, premium 84-proof Suntory brands, which almost all Japanese drink mixed with water or soda, are deemed by many experts to be first-class blends...
...tenths of a cent a gallon for the same grade of gas. But the wholesale price can differ drastically from company to company. In Houston, for example, Exxon sells unleaded gasoline to its service stations for 56.9? per gal. and Phillips for 65.1?, while Shell charges 61.8? for its premium unleaded. The oil companies have no control over the price at the pump. That is set by the individual franchise dealers, which is why the same brand of gas can vary widely from station to station...