Word: bargaining
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Dates: during 1990-1990
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Scrambling to control the damage, Administration officials tried to mask that miscalculation by claiming that the Democrats had reneged on the bargain. But Gephardt told Bush at a White House meeting Tuesday that not only had there never been a deal but that Darman had not presented a full proposal either. As Panetta said later, "We did not pledge that every time the Republicans slit their wrists we would slit ours...
...Buying bargain imports, though, is smart, very smart. In Elizabeth, N.J., the grand opening of IKEA's 6.2-acre furniture store in May created nightmarish gridlock usually seen only for the nearby Giants football games. More than 25,000 eager shoppers heading for the Swedish-owned store jammed the New Jersey Turnpike, and 200 others camped in the parking lot overnight to get first crack at the firm's $39 bookcases, $7 rag rugs, $98 pine beds and other basic furnishings. Parents could drop off their children in a play area supervised by store employees before turning to serious shopping...
...habits, of course, die hard. Even bargain hunters can get carried away when confronted with tempting prices. And many shoppers still rationalize luxury purchases as investments. In Santa Monica, Calif., the local Lexus dealer cannot keep the $40,000 Toyota sedans in stock. Customers say the car is worth much more than its sticker price. Posh shops on Rodeo Drive in Beverly Hills continue to be packed. But the days of wretched excess have passed for most consumers. Some of the same folks who dropped expensive brand names like credentials last year are impressing their friends by rattling off discount...
Even the rich and famous are not above looking for a bargain. Elysa Lazar publishes the S&B Report, a monthly compendium of up to 250 designer showroom sales where, on certain days, customers can buy overstock fashions from Donna Karan, Perry Ellis, Oscar de la Renta and other top designers for 50% off. Well-heeled subscribers include Dr. Joyce Brothers, Regis Philbin and Sally Jessy Raphael. After Joan Lunden mentioned Lazar's new mail-order catalog on Good Morning America two months ago, 80,000 viewers wrote to request the guide to discount suppliers of everything from wallpaper...
...moment, motorists may wonder where the bargain is. While crude prices have fallen from nearly $17 a year ago to about $13 per bbl. currently, the average price of regular unleaded gas has declined only about 4 cents per gal., to $1.08. The main reason gas prices have lagged behind the fall in crude is a shortage of U.S. refining capacity. Demand for gasoline has risen in recent years, but new refinery construction has been hampered by environmental protests and changes in tax laws. As a result, refineries have been reaping fat profits, a growing portion of which is heading...