Word: up-front
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Consider the advance system, whereby a publisher pays an author a nonreturnable up-front fee for a book. If the book doesn't "earn out," in the industry parlance, the publisher simply eats the cost. Another example: publishers sell books to bookstores on a consignment system, which means the stores can return unsold books to publishers for a full refund. Publishers suck up the shipping costs both ways, plus the expense of printing and then pulping the merchandise. "They print way more than they know they can sell, to kind of create a buzz, and then they end up taking...
...handle the urgent request for a total of $34 billion in bridge loans - $7 billion for Chrysler, $9 billion for Ford and $18 billion for GM. Democrats and Republicans clearly still have major disagreements about where the money should come from, how much Detroit should get up-front and what kind of conditions to impose for such government assistance...
...watt for watt, small wind is cheaper than residential solar, and for those willing to make the up-front investment, it can provide freedom from the electrical grid. Plus, in the eyes of some, there's nothing more beautiful than a wind turbine spinning in the backyard. "It looks like a giant pinwheel and sounds like a plane off in the distance," says Morrell. "I'd definitely recommend...
...keep the financial system from collapsing. Taxpayers will bear the risks and the costs of that, whether Congress votes to put them there or not. And it's possible - although nobody can know for sure - that this ad hoc approach will end up costing more than an up-front $700 billion bailout...
...these reforms would involve massive up-front costs, and the current crisis seems to mean that there will be less money available for the next President to invest. If you say, "Well, let's borrow some," you run into the very problem that underlies the financial meltdown in the first place. At every level of American life - from the struggling homeowner who can't afford his mortgage to the failing investment banks that can't meet their collateral requirements to the Federal Government, which can't prop up the drooping dollar - the bottom line is that we've borrowed...