Word: sells
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Almost from the get-go, however, Coartem's high $2.40-a-dose price tag was criticized by public-health officials and activists. Dr. Daniel Vasella, CEO of Novartis, says the company realized it was pointless to try to sell a medication to people who couldn't afford it. So in 2001 the company signed an agreement with the World Health Organization to bring the price down to $1 per dose, or just about the cost of making it. Then the drugmaker went one step further, slashing that price again, to 80 cents - in other words, taking a 20% loss. Meanwhile...
...solution Park divined was to hitch South Korea's future to an expanding global economy. The country took advantage of its cheap labor to manufacture necessities like shoes and clothes to sell to consumers in the developed world, particularly those in the U.S. The strategy proved to be wonderfully efficient. It drew investment capital into the country, generating factory jobs for impoverished farmers, infrastructure to supercharge commercial development, and otherwise produced wealth South Korea could never have generated on its own. Eager to raise living standards in their own countries, Asian policymakers and businessmen to varying degrees adopted the same...
...dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital the banks need to survive. Geithner and others believe that rescuing banks from these bonds will save them. To do that, the bonds have to be priced to sell...
...there has been no official word yet,” Murphy said. “Usually the way it happens is that you are not forced to remove it but you are not allowed to order anymore because there isn’t a license...You are allowed to sell through what you have...
...licensed stockbrokers on the exchange, with little to do. Where once he enjoyed the frenetic lifestyle of a much sought-after banker, he has spent most of the past three months working "about five minutes" a day. He would show up at the exchange to post sell orders, but there were never any buyers - the hostile political climate has scared off even the most battle-worn investors. "It's only procedural," he says. "I come into the office, and there's just nothing going...