Word: price
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...California is more fun than using it. So when Attorney General Eric Holder declared that the Federal Government would quit busting dispensaries, removing even the hint of consequences for medical-marijuana use, my heart ached for small-time American pot dealers. They can't compete on price, selection, customer service, quality control or not-getting-arrestedness, and they have no skills that translate into another industry. They're almost as bad off as journalists. (Watch TIME's video about taxing marijuana in California...
...village volunteers in Battambang, Cambodia - is racing to eliminate the increasingly resistant parasite before it's too late. This week, the Global Fund signed off on a $220 million-plus project called the Affordable Medicines Facility for malaria (AMFm), a controversial two-year program that will drop the price of the recommended malaria treatment in nine malarial countries. In Cambodia, the only country in Asia participating in the program, the price of malaria medication will fall to only $0.05 per dose for distributors. Even with markups down the supply chain, the best malaria medicine will, for the first time...
...this year's Black Friday began early, with many retailers pushing holiday ads while pumpkins and Halloween costumes were still on store shelves. Wal-Mart shot the first volley when it launched a price war last month with online retail giant Amazon.com over books. Walmart slashed the price on 10 of the most anticipated hardcover books to $10 a pop for shoppers who preordered the new releases through its website. When Amazon matched the price a few hours later, Walmart trimmed the price to $9 apiece and then $8.99. Rival Target, not to be left out, has since matched this...
Walmart didn't stop there. It unveiled plans to sell 100 toys for $10 apiece, roll back prices 20% to 30% on more than 100 other toys and aggressively mark down prices on DVDs, video games and other electronics even before Black Friday. Its push into electronics comes as the sector faces fewer competitors as a result of the demise of Circuit City and Tweeter over the past year. "We will not be beaten on price," said Eduardo Castro-Wright, vice chairman of Walmart Stores Inc., during the company's annual investor meeting last month. Anticipating a crush of early...
Patents significantly increase the price of drugs in these nations due to the lack of competition from producers of the similar product, he said. Without a patent, the generic drug is likely to become more affordable...