Word: sellers
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Dates: during 1970-1979
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...great optimism is justified either when it comes to cutting medical costs overall. Medicine cannot be made cheap, given the costs of its technology, and by its nature it cannot be anything but a seller's market. But U.S. health care bills do not have to shoot up as rapidly as they are doing now. The big question is whether doctors, hospital administrators, insurers and employers can devise ways to bring the public the benefits of technology at an affordable price, without a federal whip being held over them...
...friend of apartheid or a resister. Since it is doubtful that any resister would care to acquire an operating company in South Africa at the present time, it would seem more likely that the acquirer would be a firm that could live with apartheid more comfortably than the seller. Obviously, the question would be pertinent in either case: What has the change in ownership accomplished for the liberation of the oppressed majority? If the answer has got to be nothing, or even less, how would the seller's soul be saved, a reference in your message to Pretoria...
...method of folding the paper, white on the outside and pale blue on the inside, has been in use for generations, here and in Europe. For 25?, the diamonds are weighed on one of the room's electronic scales, and the result written on the packet. The seller has told the broker what price he wants, and the broker wanders the room soliciting bids. When he gets a good offer, he "seals" the packet, which pledges that he will talk to no more potential buyers until he presents the offer to the seller. If the deal is closed...
...panicky rush for supplies by oil companies on the small but highly volatile "spot market" shows that they can get away with it. Normally most petroleum is bought by oil companies under long-term contracts with OPEC suppliers, but 3% to 5% changes hands for whatever price a seller can get. In times of scarcity, demand surges-and so do prices...
Last week two more oil majors, following the lead of Exxon and Texaco, announced that they were gloomy enough over the continuing world oil shortfall to begin rationing fuel to big customers. Phillips Petroleum and Shell, the nation's largest gasoline seller, have either cut refinery output or reduced dealers' delivery allocations; the cuts range from Shell's maximum of 8% to Phillips' much more drastic 30%. And the reductions could get worse. "After the second quarter, it's anybody's guess what will happen," says an Exxon spokesman...