Word: discounter
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Dates: during 2000-2000
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...little doubt that that's what Chairman Greenspan is up to--even if he won't say so, which he won't. Last week the Fed boss pushed the benchmark federal funds target rate to 6%, the fifth increase in nine months. For emphasis, he raised the symbolic discount rate as well and all but promised more to come. Banks followed by boosting their prime rate to 9%, the highest in five years--meaning higher costs for credit cards and mortgages...
Leahy would be the last man to discount the value of good salesmanship, but the real issue, he insists, is the quality of Airbus jets. He eagerly awaits the planned A3XX, a double-deck 550-seat mammoth with onboard sleeping areas, lounges, duty-free shops and exercise rooms, which will sell for up to $240 million apiece. "It will be a totally different way of flying," he says. Airbus will put the plane in service by 2005 if it can get the advance orders to justify the $12 billion development cost. So far, only a handful of airlines, mainly...
...easier: Two studies published in this week's issue of the journal Nature go a long way toward debunking last year's scare; researchers were unable to duplicate the findings reported in the preliminary study. They say the figures may have emerged because the earlier study did not discount the possibility that short-sighted parents might be more likely to use nightlights and that short-sightedness tends to be passed from generation to generation...
...would be unrealistic to ignore that Bradley's campaign has slowed considerably since his strong showing in New Hampshire last month. A resounding loss in Washington State, where he spent six straight days of campaigning, has lead many to discount Bradley as a serious contender for his party's nomination. What is unfortunate, however, is that Bradley's decline in the polls stems more from a shift in public image rather than his stance on substantive policy issues. Bradley's unhurried and deliberate debating style--once characterized by pundits as a cerebral, "Olympian" calm--is now seen as a lack...
...Such is retail in modern America: first B. Altman, then Gimbels and now the legendary Bonwit's. Despite a slight uptick in business caused by the current economic boom, the one-stop-shop department store has seen its business stolen by two phenomenons: the discount store (Wal-Mart, et al.) and "category killers" (Bed Bath and Beyond, Home Depot). "Bonwit's has the same story of many of the great old department stores," says TIME business editor Bill Saporito. "Once the original family sold it, it fell into financial mismanagement. But at the same time there's just no market...