Word: rent
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Dates: during 1990-1999
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...students without making much of an impression on any of them. "We had no interaction," says Michael Rohr, a philosophy professor at Rutgers. "I can't remember having a conversation with him." But N-43 was a strange suite, cobbled together out of converted servants' quarters in "the low-rent wing of Eliot House," as one roommate called it. The long corridor, with bedrooms branching off it, was where the college consigned its lone wolves. "We didn't choose to room together," Rohr says. "I was assigned to a suite of people without roommates. They were mostly loners...
Even with the field narrowed to two hopefuls, the distinctions between the candidates may not be as easily drawn as in previous years, when rent control was the ultimate litmus test...
...Rent control was the catechism that defined the organized religion of Cambridge politics," said local political analyst Glenn S. Koocher...
...signs have been there for some years. In the '70s, the Canadian writer Mordecai Richler tried to rent a tuxedo in Hollywood for the Oscars and, he later wrote, confronted "rack upon rack of outrageous evening wear. Purple velvet, ruffles, suede." Richler described what happened when he asked if the store had such a thing as a conventional black tuxedo:"'Yes, certainly,' the tailor said, bringing something out of the back room. 'And now tell me, sir, will you be wearing high heels...
...companies dominate the industry due to the existence of barriers to entry and can therefore influence the market price to varying degrees. As a result, the price of a product does not reflect its cost. Rather, the price equals the cost plus an additional profit called an economic rent. These rents accrue to the companies that dominate the industry and eventually end up in the hands of the owners. In terms of international trade, the existence of imperfect competition means that subsidizing American companies to compete abroad makes sense. Such subsidization would allow American companies to temporarily lose money...