Word: pricing
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...orange pekoe tea HUDS buys; each teabag comes with a delightfully punny or inspirational aphorism. After each meal in the dining hall, I would pick out a teabag and ponder the message on its label. The tea itself isn’t particularly good, but taste is a small price to pay for spiritual clarity.Take this gem, for example: “I’ve never looked through a keyhole without seeing someone looking back.” I interpret the message here to be about the importance of privacy. In my second year studying Japanese at Harvard...
...Association of America (RIAA) sent to college students. Warning the recipients that they may be liable for $9,250 per illegally downloaded song, the RIAA pointed recipients to a site where they can buy peace with a credit card number and a promise not to do it again. The price point is chosen with skill: large enough to hurt, but small enough that litigating would cost more. An industry spokesman responded in The Crimson that thievery is thievery. Bills were introduced in some state legislatures that would punish universities for students’ downloading. Such laws would force universities...
...Although 1975 was a pretty good year for the Red Sox, it was not a good one for the U.S. economy. Then as now, we were experiencing a serious oil price shock, sharply rising prices for food and other commodities, and subpar economic growth. But I see the differences between the economy of 1975 and the economy of 2008 as more telling than the similarities. Today's situation differs from that of 33 years ago in large part because our economy and society have become much more flexible and able to adapt to difficult situations and new challenges. Economic policymaking...
...your professors--were not yet born in 1975, let me begin by briefly surveying the economic landscape in the mid-1970s. The economy had just gone through a severe recession, during which output, income, and employment fell sharply and the unemployment rate rose to 9 percent. Meanwhile, consumer price inflation, which had been around 3 percent to 4 percent earlier in the decade, soared to more than 10 percent during my senior year.1
...price shock of the 1970s began in October 1973 when, in response to the Yom Kippur War, Arab oil producers imposed an embargo on exports. Before the embargo, in 1972, the price of imported oil was about $3.20 per barrel; by 1975, the average price was nearly $14 per barrel, more than four times greater. President Nixon had imposed economy-wide controls on wages and prices in 1971, including prices of petroleum products; in November 1973, in the wake of the embargo, the President placed additional controls on petroleum prices.2