Rebate Quotes

Colleges typically did not tell you that ninety percent of your education came after you hung the parchment on the wall. People might ask for a rebate.

It's often suggested that as a culture, we're only interested in immediate gratification. Fast food. Self-checkout. Downloadable music, movies, books. Instant coffee, instant rebates, instant messaging. Instant weight loss! Shall I go on?

I closed my eyes under the fluroescent lights and tried to make another birthday wish, a onetime do-over, a rebate, a trade-in on the kitchen sink kiss that started everything, offered up for just one last miracle.

They rode in a narrow enfillade along a trail strewn with the dry round turds of goats and they rode with their faces averted from the rock wall and the bakeoven air which it rebated, the slant black shapes of the mounted men stenciled across the stone with a definition austere and implacable like shapes capable of violating their covenant with the flesh that authored them and continuing autonomous across the naked rock without reference to sun or man or god.

They set forth in a crimson dawn where sky and earth closed in a razorous plane. Out there dark little archipelagos of cloud and the vast world of sand and scrub shearing upward into the shoreless void where those blue islands trembled and the earth grew uncertain, gravely canted and veering out through tinctures of rose and the dark beyond the dawn to the uttermost rebate of space.

se presiente que es amigo de Almotasim un contendor que no rebate los sofismas del otro, "para no tener la razòn de un modo triunfal".

You need to have a Why Having a “Why” whatever it is, becomes food. It makes your dreams become more urgent.

They rode in a narrow enfilade along a trail strewn with the dry round turds of goats and they rode with their faces averted from the rock wall and the bakeoven air which it rebated, the slant black shapes of the mounted men stenciled across the stone with a definition austere and implacable like shapes capable of violating their covenant with the flesh that authored them and continuing autonomous across the naked rock without reference to sun or man or god.

They kept yelling at me to pay attention during school, since education hasn't panned out for me can I get a refund, or at least a rebate?

In the days to come they would ride up through a country where the rocks would cook the flesh from your hand and where other than rock nothing was. They rode in a narrow enfilade along a trail strewn with the dry round turds of goats and they rode with their faces averted from the rock wall and the bakeoven air which it rebated, the slant black shapes of the mounted men stenciled across the stone with a definition austere and implacable like shapes capable of violating their covenant with the flesh that authored them and continuing autonomous across the naked rock without reference to sun or man or god.

Although the guilty verdict surprised few, the size of the resulting fine stunned the company and the country. For each of the 1,462 carloads of oil that had enjoyed an illegal rebate, Landis levied the highest possible fine, $20,000, generating a spectacular cumulative total of $29,240,000. Commenting on the hefty charge, Mark Twain drolly remarked that the sum evoked the bride’s proverbial astonishment on the morning after her wedding: “I expected it but didn’t suppose it would be so big.

Abbott’s strategists had hoped that the domestic lament in front of world leaders might gain international media attention, given the comparatively modest user-pays amount, and help his case to pass the rebate legislation. If this was the plan, it failed.

Doublespeak that calls a bribe a "rebate" or "after sales service," the illegal overthrow of a legitimate government "destabilizing a government," and lies "strategic misrepresentations" is language that avoids responsibility, that makes the bad seem good, the negative appear positive, something unpleasant appear attractive, language that only appears to communicate. It's language designed to alter our perception of reality and corrupt our thinking. Ultimately, doublespeak breeds suspicion, cynicism, distrust and, hostility.

He doesn’t see private health insurance rebates or support for private school education as middle-class welfare. He sees it as backing family aspiration, sound public policy encouraging people to do more for themselves. And help should not be cut off simply because a family is earning a hundred thousand dollars or more a year.

•I lost money in every way possible: I misplaced checks and sometimes found them when they were too old to take to the bank. If I did find them in time, I missed out on the interest they could’ve made in my savings account. I paid late fees on bills, even though I had money in the bank — I’d just forgotten to pay them or lost the bill in my piles. I bought new items because they were on sale with a rebate, but forgot to mail the rebate form. •I dealt with chronic health worries because I never scheduled doctor’s appointments. •I lived in constant fear of being “found out” by people who held me in high regard. I always felt others’ trust in me was misplaced. •I suffered from nonstop anxiety, waiting for the other shoe to drop. •I struggled to create a social life in our new home. I either felt I didn’t have time because I needed to catch up and calm some of the chaos, or I wasn’t organized enough to make plans in the first place. •I felt insecure in all my relationships, both personal and professional. •I had nowhere to retreat. My life was such a mess, I had no space to gather my thoughts or be by myself. Chaos lurked everywhere. •I rarely communicated with long-distance friends or family. •I wanted to write a book and publish articles in magazines, yet dedicated almost no time to my creative pursuits.

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Se cree a veces que los muertos nos están mirando. Y pensamos, con razón o sin ella, que, si nos miran, lo harán con mucha mayor claridad que antes. ¿Se dará cuenta ahora H. de cuánto espumarajo y oropel había en lo que tanto ella como yo llamábamos «mi amor»? Así sea. Mírame sin piedad, querida. Ni aunque pudiera hacerlo me escondería. No solíamos idealizarnos uno a otro. No teníamos secretos uno para el otro. Conocías de sobra mis rincones más putrefactos. Si ahora descubres algo aún peor, soy capaz de soportarlo. Y tú también. Rebate, explícate, búrlate de mí, perdóname. Porque este es uno de los milagros del amor; que consigue dar a la pareja –pero quizá más aún a la mujer– el poder de penetrar en sus propios engaños, y a pesar de todo no vivir desengañada.

As they worked through the order types, they created a taxonomy of predatory behavior in the stock market. Broadly speaking, it appeared as if there were three activities that led to a vast amount of grotesquely unfair trading. The first they called “electronic front-running”—seeing an investor trying to do something in one place and racing him to the next. (What had happened to Brad, when he traded at RBC.) The second they called “rebate arbitrage”—using the new complexity to game the seizing of whatever kickbacks the exchange offered without actually providing the liquidity that the kickback was presumably meant to entice. The third, and probably by far the most widespread, they called “slow market arbitrage.” This occurred when a high-frequency trader was able to see the price of a stock change on one exchange, and pick off orders sitting on other exchanges, before the exchanges were able to react. Say, for instance, the market for P&G shares is 80–80.01, and buyers and sellers sit on both sides on all of the exchanges. A big seller comes in on the NYSE and knocks the price down to 79.98–79.99. High-frequency traders buy on NYSE at $79.99 and sell on all the other exchanges at $80, before the market officially changes. This happened all day, every day, and generated more billions of dollars a year than the other strategies combined.

Rockefeller never saw rebates as criminal or illegitimate or as favors secured only by bullying monopolies. He was correct in stating that listed rates were always a farce, a starting point for haggling.

What if, instead, central banks tackled such deep recessions by issuing new money directly to every household as windfall cash to be used specifically for paying down debts—an idea that has come to be known as ‘People’s QE’.52 Rather than inflating the price of bonds, which tends to benefit wealthy asset owners, this approach—which resembles a one-off tax rebate for all—would benefit indebted households.

One upshot was that on April 29, 1879, a grand jury in Clarion County, Pennsylvania, indicted nine Standard Oil officials—including Rockefeller, Flagler, O’Day, and Archbold—and charged them with conspiracy to monopolize the oil business, extort railroad rebates, and manipulate prices to cripple rivals.

We even evaluated rebates and points-based programs similar to the airlines’, but there’s an important difference between airlines and retailers. Once a plane takes off, its empty seats have no value. Therefore, airlines, in exchange for loyalty, can give away marginal inventory that would otherwise go unsold. Whereas in retail, giving away either product or shipping fees always has a cost. None of the ideas made it very far because they could not meet the three essential criteria.

That we could live on a patch of Kansas dirt with a tub of Crisco lard and a $1 rebate coupon in an envelope on the kitchen counter and call ourselves middle class was at once a triumph of contentedness and a sad comment on our country’s lack of awareness about its own economic structure. Class didn’t exist in a democracy like ours, as far as most Americans were concerned, at least not as a destiny or an excuse. You got what you worked for, we believed. There was some truth to that. But it was not the whole truth.

To some, routine can sound like where creativity and innovation go to die—the ultimate exercise in boredom. We even use the word as a synonym for pallid and bland, as in “It has just become routine for me.” And routines can indeed become this—the wrong routines. But the right routines can actually enhance innovation and creativity by giving us the equivalent of an energy rebate. Instead of spending our limited supply of discipline on making the same decisions again and again, embedding our decisions into our routine allows us to channel that discipline toward some other essential activity.

In 1935, in the pit of the Depression, when milk was being sold below cost, Merritt’s father had helped write the “milk control” laws, which partly govern California’s milk business (they have since been updated several times), especially the relations between the milk companies and grocery stores. After World War II, these laws increasingly were honored in the breach, as the big creameries and the big supermarket chains cut deals for illegal rebates or illegal financing or both. This is the normal result of quasi-fascist laws that try to regulate the marketplace. But in 1935, Benito Mussolini’s concept of binding state and industry together (the fasces is a Roman symbol, an ax with a bundle of sticks tied around its handle; the sticks represent the industries and the church, the ax represents the state, a one-for-all-and-all-for-one construct) was so popular around the world that Franklin D. Roosevelt tried to copy it with the Blue Eagle National Recovery Administration, until the Supreme Court threw it out in 1937. Relics of Mussolini, however, linger in all the states of the union, sometimes in milk control laws (and always in alcoholic beverage laws).

This strategy, together with the partial dismantling of measures to fight poverty, partly explains the continuous rise of inequalities in India. However, some of the rich have become richer for other reasons as well, including the close relationship between the Modi government and industrialists. FROM CRONY CAPITALISM TO COLLUSIVE CAPITALISM While the Modi government is not responsible for the enrichment of Indian tycoons, which began in most cases prior to the BJP victory in 2014, it continued to help them. In Gujarat, the Modi government had apparently granted unwarranted advantages to industrialists, including the sale of land below market prices, dispensations from environmental standards, unjustified tax rebates, interest-free loans, and so on.136 After forming the central government, the NDA government allegedly shielded Indian industrialists from banks to which these men owed billions. Such collusion has contributed to destabilizing a banking system undermined by dubious debts—particularly those held by these big investors, who do not pay back their loans.137 Even if the problem began under the previous government, it has persisted in part owing to collusion between businessmen and the ruling class. The government’s cronies continued to receive huge loans from public-sector banks (whose heads have trouble disobeying the government),138 which they proved unable to pay back. In May 2018, nonperforming assets (NPAs) vested in public banks—in other words, loans for which the borrower had not made payment on either the interest or the principal in at least ninety days—accounted for 12.65 billion dollars, or about 14 percent of their total loans (compared to 12.5 percent in March the previous year139 and only 3 percent in March 2012).140 A small number of borrowers were largely responsible for this evolution, among whom were prominent large industrialists.141 In 2015, in a fifty-seven-page document, Credit Suisse gave a detailed analysis of the astounding level of debt of ten Indian corporations that continued to borrow even though all the red flags had gone up.142 In 2018, 84 percent of the dubious loans were owed by major corporations, and twelve of them accounted for 25 percent of the outstanding NPAs.143 Among them is the group owned by Gautam Adani, a supporter of Prime Minister Narendra Modi since 2002.144 In 2015, the group increased its debt level by 16 percent to acquire a seaport and two power plants. Consequently, its debt soared to 840 billion rupees (11.2 billion USD), compared to only 331 billion rupees (4.41 billion dollars) in 2011.145

McKinsey also estimated how many customers might develop addiction to, or die from, OxyContin. At one point the consultant suggested Purdue pay its drugstore distributors rebates of $14,000 for every addiction and fatal overdose OxyContin caused, to ensure that chains like CVS and others would keep distributing the pill.

Viés de sobrevivência é um tipo de viés de seleção, que consiste no erro lógico de nos concentrarmos em coisas ou pessoas que sobreviveram a algum processo enquanto ignoramos aqueles que foram eliminados devido a sua falta de visibilidade.

De acordo com um relatório da Organização para a Cooperação e Desenvolvimento Econômico (OCDE), o Brasil enfrenta desafios significativos em relação à capacidade de distinguir informações verdadeiras de falsas. A pesquisa revelou que, em média, 54% das pessoas no Brasil conseguem fazer essa distinção, enquanto a percepção geral em outros países é de 60%. Essa diferença coloca o Brasil abaixo da média global. Além disso, a sátira (como os memes) foi identificada como a linguagem mais fácil de ser confundida com notícias falsas, apontada por 71% dos entrevistados.

O estoicismo, uma escola de filosofia helenística que enfatizava a virtude e a sabedoria como meios de alinhar a vida humana com a ordem natural do universo, deixou marcas em várias tradições filosóficas e religiosas, incluindo o cristianismo primitivo. Por exemplo, o apóstolo Paulo, em seus discursos e escritos, demonstra familiaridade com pensamentos estoicos, como quando cita o poeta Arato em Atos 17:28, dizendo " Pois também somos sua descendência ", uma ideia que ressoa com a visão estoica da fraternidade universal entre os seres humanos.

É estranho que você não tenha suspeitado há anos - séculos, eras, éons atrás! - pois você existiu, sem companhia, através de todas as eternidades. Estranho, de fato, que você não tenha suspeitado que seu universo e seu conteúdo eram apenas sonhos, visões, ficção! Estranho, porque eles são tão francamente e histericamente insanos - como todos os sonhos: um Deus que poderia fazer crianças boas tão facilmente quanto más, mas preferiu fazer as más; que poderia ter feito cada uma delas feliz, mas nunca fez uma única feliz; que fez com que valorizassem suas vidas amargas, mas as cortou mesquinhamente; que deu a seus anjos felicidade eterna não merecida, mas exigiu que seus outros filhos a merecessem; que deu aos seus anjos vidas sem dor, mas amaldiçoou seus outros filhos com misérias e doenças da mente e do corpo; que prega justiça e inventou o inferno - prega misericórdia e inventou o inferno - prega Regras de Ouro e perdão multiplicado por setenta vezes sete, e inventou o inferno; que prega moral para os outros e não tem nenhuma para si; que desaprova crimes, mas comete todos eles; que criou o homem sem convite e depois tenta transferir a responsabilidade pelos atos do homem para o próprio homem, em vez de colocá-la honradamente onde pertence, sobre si mesmo; e finalmente, com uma obtusidade totalmente divina, convida este pobre e abusado escravo a adorá-lo!" Mark Twain

jamais viver sem um senhor. Ela [a massa] tem tamanha sede de obediência, que instintivamente se submete a qualquer um que se apresente como seu senhor.” Sigmund Freud A citação de Sigmund Freud destaca a tendência humana de buscar liderança e subordinação. Freud observa que a massa, ou seja, o coletivo de indivíduos, tem uma inclinação natural para obedecer e se subordinar a qualquer figura que se apresente como líder. Essa necessidade de obediência é tão instintiva que as pessoas frequentemente aceitam a autoridade sem questionamento. Esse comportamento pode ser visto em diversos contextos sociais e históricos, onde líderes carismáticos ou autoritários conseguem mobilizar grandes grupos de pessoas. A reflexão de Freud nos convida a pensar sobre a natureza da autoridade e a importância de uma liderança consciente e ética.

Um exemplo claro disso ocorreu durante os debates da corrida presidencial de 2022 no Brasil. Naquela ocasião, alguns tentaram correlacionar as perseguições religiosas a cristãos na África com o que poderia ocorrer no Brasil caso o candidato Lula vencesse as eleições. Essa comparação é problemática por várias razões. Primeiramente, nos países africanos mencionados, os cristãos são uma minoria, enquanto no Brasil, eles são a maioria tanto na população quanto no congresso. É ilógico e irrealista sugerir que um grupo majoritário e detentor de poder político significativo poderia ser perseguido da mesma forma que uma minoria vulnerável em outro contexto geopolítico.

As Louis Uchitelle has reported in the New York Times, many employers will offer almost anything—free meals, subsidized transportation, store discounts—rather than raise wages. The reason for this, in the words of one employer, is that such extras “can be shed more easily” than wage increases when changes in the market seem to make them unnecessary. In the same spirit, automobile manufacturers would rather offer their customers cash rebates than reduced prices; the advantage of the rebate is that it seems like a gift and can be withdrawn without explanation.

A sua tristeza tem sempre esse rebate no estômago e no peito: sente dentro de si um oco dolorido, ao mesmo tempo que as feições se lhe repuxam... E pela segunda vez, nessa manhã, a impressão da solidão, do abandono...

Feebates make efficient autos cheaper to buy and inefficient autos costlier.79 Buy a fuel hog and you’d pay an up-front fee, right on the price sticker, that climbs as its fuel economy declines. But choose a fuel sipper instead and you’d get a rebate funded by others’ fees: the more efficient the auto, the bigger the rebate.

Thanks to Blair’s catastrophically invertebrate decision to agree to a cut in Britain’s EU budget rebate, we now pay far too much into the EU compared to other countries. It’s time for our politicians to start negotiating with the EU by showing a bit of backbone rather than already starting as hopeless losers.

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Alex Rebat was sexy and sensual and completely lethal.

The comprehensive integrity level was calculated based on the results of surveys (by internal, external, and policy customers) after deducting the points for corruption cases, rebate, and not implementing the systems to exempt medical expenses

The old order types were simple and straightforward and mainly sensible. The new order types that accompanied the explosion of high-frequency trading were nothing like them, either in detail or spirit. When, in the summer of 2012, the Puzzle Masters gathered with Brad and Don and Ronan and Rob and Schwall in a room to think about them, there were maybe one hundred fifty different order types. What purpose did each serve? How might each be used? The New York Stock Exchange had created an order type that ensured that the trader who used it would trade only if the order on the other side of his was smaller than his own order; the purpose seemed to be to prevent a high-frequency trader from buying a small number of shares from an investor who was about to crush the market with a huge sale. Direct Edge created an order type that, for even more complicated reasons, allowed the high-frequency trading firm to withdraw 50 percent of its order the instant someone tried to act on it. All of the exchanges offered something called a Post-Only order. A Post-Only order to buy 100 shares of Procter & Gamble at $80 a share says, “I want to buy a hundred shares of Procter & Gamble at eighty dollars a share, but only if I am on the passive side of the trade, where I can collect a rebate from the exchange.” As if that weren’t squirrely enough, the Post-Only order type now had many even more dubious permutations. The Hide Not Slide order, for instance. With a Hide Not Slide order, a high-frequency trader—for who else could or would use such a thing?—would say, for example, “I want to buy a hundred shares of P&G at a limit of eighty dollars and three cents a share, Post-Only, Hide Not Slide.” One of the joys of the Puzzle Masters was their ability to figure out what on earth that meant. The descriptions of single order types filed with the SEC often went on for twenty pages, and were in themselves puzzles—written in a language barely resembling English and seemingly designed to bewilder anyone who dared to read them. “I considered myself a somewhat expert on market structure,” said Brad. “But I needed a Puzzle Master with me to fully understand what the fuck any of it means.” A Hide Not Slide order—it was just one of maybe fifty such problems the Puzzle Masters solved—worked as follows: The trader said he was willing to buy the shares at a price ($80.03) above the current offering price ($80.02), but only if he was on the passive side of the trade, where he would be paid a rebate. He did this not because he wanted to buy the shares. He did this in case an actual buyer of stock—a real investor, channeling capital to productive enterprise—came along and bought all the shares offered at $80.02. The high-frequency trader’s Hide Not Slide order then established him as first in line to purchase P&G shares if a subsequent investor came into the market to sell those shares. This was the case even if the investor who had bought the shares at $80.02 expressed further demand for them at the higher price. A Hide Not Slide order was a way for a high-frequency trader to cut in line, ahead of the people who’d created the line in the first place, and take the kickbacks paid to whoever happened to be at the front of the line.

Service Excellence eats discount and rebate for breakfast.

We are a large global Life Sciences consulting company with world-class experience in technology and management consulting, and software product development for large pharmaceutical companies.

Escrever é quando voo, escrever é quando começo incêndios. Escrever é quando tiro a morte do meu bolso esquerdo, atiro-a contra a parede e a pego de volta quando rebate.

Far from calling for “equal sacrifice” from the citizenry, as would be the case in a genuinely democratic society involved in a war, it has openly practiced a politics of inequality that feeds on the fears of the most insecure members of society. For example, by pushing through an enormous tax rebate that blatantly favored the wealthy, it simultaneously assured that no funds would be available to subsidize programs—such as the democratization of health care, increased unemployment benefits, and protections for pension funds—that might have eased the impact of recession.

But they knew they had dabbled in a dark and controversial practice, for the rebates were predicated on great secrecy

The proliferation of rebates hastened the shift toward an integrated national economy, top-heavy with giant companies enjoying preferential freight rates.

Rebates had inevitably accompanied railroad expansion.

Rebates weren’t just solicited by shippers but were sedulously pushed by railway freight agents eager to win over new business.

Rebates enabled them to maintain the fiction of listed rates while secretly giving discounts to favored shippers.

Many refiners received rebates, not just the leading firms, and some tiny rivals actually got superior discounts, especially from the Pennsylvania Railroad.

But in spite of numerous scattered cases of rival refiners getting comparable rebates, no other firm received so many rebates so consistently over so many years or on such a colossal scale as Rockefeller’s.

The meeting dealt a blow to Rockefeller and Watson, for the railroads agreed to abrogate the SIC contract, end rebates and drawbacks, and institute uniform rates for all shippers.

The afterlife is a tax office, and everyone wants their rebate.

The basic weakness with America’s railroad system was overbuilding, which forced the roads into endless rounds of rate cuts and wage cuts to service debt. At the same time, the massive power of their largest consumers—notably Rockefeller in oil and Carnegie in steel—forced them to grant preferential rebates to big shippers, enraging small western farmers and businessmen and stimulating calls for government regulation.

One of the worst ways to spend your tax rebate right now is to save it. Especially today with the interest rates being so low. There are plenty of better options out there that Andrew Baxter covers in this week's episode of MONEY AND INVESTING.

Similar to the rebates we discussed earlier, pre-payment creates a strong barrier dissuading a customer from switching to a competitor. I do not think that you will get prepayment 100% of the time, but I think you can successfully obtain this 25–35% of the time if you ask for it all of the time.

Similar to the rebates we discussed earlier, pre-payment creates a strong barrier dissuading a customer from switching to a competitor. I do not think that you will get prepayment 100% of the time, but I think you can successfully obtain this 25–35% of the time if you ask for it all of the time. When you ask, I would encourage you to make it a first concession issue rather than a first offer issue. I will offer a price that I know the other side will react to by saying it is “too high.” In response, I concede to lower my price if they pay me in advance.

If all you do is to reduce price, then all you do is not get paid a lot of money. As you think about expanding footprint in a customer's account, you want to consider how you can create barriers to switching from your company to someone else's (pre-payment, rebates, exclusivity, and embeddedness), how you can know more about the customer's business than others (embeddedness and exclusivity), and how you can incent the customer to give you more work (volume incentives in the form of volume discounts and rebates).

THE CONCEPT OF zero also applies to time. Time spent on one activity, after all, is time taken away from another. So if we spend 45 minutes in a line waiting for our turn to get a FREE! taste of ice cream, or if we spend half an hour filling out a long form for a tiny rebate, there is something else that we are not doing with our time.

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A third example of this was when we said, "Let's make some kind of coupon system"—because we had this idea that we would send people an automatic email when they visited our website that would tell them—and we had all these crazy ideas like, "Buy our software within the next 72 hours and get 25 percent off." (That thing was actually a bot that we wrote years ago, and it still runs. If you try CityDesk, which is our least popular product right now, you will get an automatic email with a 25 percent–off coupon that you have to use in the next 72 hours.) When we launched that, it did increase our sales a little bit. It gets people to evaluate the demo version right away—because they don't want to lose their 25 percent off coupon which is going to expire. These were all marginally good marketing ideas. Unfortunately we spent a lot of time chasing them. The one thing we learned over 5 years is that nothing works better than just improving your product. Every minute, every developer hour we spent on any one of these crazy things—although they had some marginal return on the work that we put into them—was nothing compared to just making a better version of the product and releasing it. If we had taken all the effort we put into these crazy schemes and put it into moving our software development schedule ahead by the equivalent amount, it would have paid off much more. That was probably the biggest mistake we made. And that's the advice I give everybody. All those little coupon schemes, this is what General Motors does. They figure out new rebate schemes because they forgot all about how to design cars people want to buy. But when you still remember how to make software people want, great, just improve it. Talk to your customers. Find out what they need. Don't pay any attention to the competition. They're not relevant to you. Only talk to your customers and your potential customers and see what it is that caused them not to buy your product or would cause them to buy more copies of it. And do that, and then ship it. That was something we really, really should have focused on, but, you know, we didn't know any better.

Supplier Consolidation Once the purchasing process has been streamlined, as was described in the preceding sections, the next step is to pursue cost reduction activities. A significant cost reduction technique is to reduce the number of suppliers with which a company does business. By concentrating its orders with a smaller number of suppliers, it can use higher purchasing volume to negotiate price reductions, rebates, and discounts. This concept is addressed in more detail in Chapters 8 and 9. The following subtopics address various supplier consolidation issues at a general level. Bottom 10 Percent Besides concentrating order volume, another reason to consolidate suppliers is to eliminate the worst-performing ones. These are the suppliers that deliver the wrong items late and with low quality. Even if these suppliers offer what appear to be rock-bottom prices, the total cost of doing business with them is much higher, because the company is endlessly dealing with receiving inspections, product returns, and the processing of credits. Consequently, having a separate program to identify and eliminate a company’s lowest-rated suppliers can also reduce costs.

Total Cost Analysis When the purchasing staff considers switching to a new supplier or consolidating its purchases with an existing one, it cannot evaluate the supplier based solely on its quoted price. Instead, it must also consider the total acquisition cost, which can in some cases exceed a product’s initial price. The total acquisition cost includes these items: • Material. The list price of the item being bought, less any rebates or discounts. • Freight. The cost of shipping from the supplier to the company. • Packaging. The company may specify special packaging, such as for quantities that differ from the supplier’s standards and for which the supplier charges an extra fee. • Tooling. If the supplier had to acquire special tooling in order to manufacture parts for the company, such as an injection mold, then it will charge through this cost, either as a lump sum or amortized over some predetermined unit volume. • Setup. If the setup for a production run is unusually lengthy or involves scrap, then the supplier may charge through the cost of the setup. • Warranty. If the product being purchased is to be retained by the company for a lengthy period of time, it may have to buy a warranty extension from the supplier. • Inventory. If there are long delays between when a company orders goods and when it receives them, then it must maintain a safety stock on hand to guard against stock-out conditions and support the cost of funds needed to maintain this stock. • Payment terms. If the supplier insists on rapid payment terms and the company’s own customers have longer payment terms, then the company must support the cost of funds for the period between when it pays the supplier and it is paid by its customers. • Currency used. If supplier payments are to be made in a different currency from the company’s home currency, then it must pay for a foreign exchange transaction and may also need to pay for a hedge, to guard against any unfavorable changes in the exchange rate prior to the scheduled payment date. These costs are only the ones directly associated with a product. In addition, there may be overhead costs related to dealing with a specific supplier (see “Sourcing Distance” later in the chapter), which can be allocated to all products purchased from that supplier.

Scott Bathroom Tissue Rebate Scott was offering a rebate on their One-Ply Bathroom Tissue with proof of purchase. So I took a shit, wiped my ass, stuck it in an envelope and mailed it to: Kimberly-Clark Corporation, 351 Phelps Drive, Irving, Texas 75038, U.S.A. Dagummit! It's been a month now and I still haven't got my $5 rebate. I just knew that rebate-offer was full of shit. I wasted a stamp! I'm on my way to Irving, Texas right now to shoot them hoodwinking, hornswoggling crooks, Kimberly and Clark.

Browder told a Russian lawyer, Sergey Magnitsky, who worked for a Moscow-based law firm called Firestone and Duncan, to follow the trail. It turned out the investment companies were being illegally signed over by the cops to petty criminals, who would then ask for tax rebates on the companies worth hundreds of millions of dollars, which were then granted by corrupt tax officials, signed off on by the same cops who had taken the documents in the first place, and wired to two banks owned by a convicted fraudster, an old friend of the aforementioned cops and tax officials. Officially the tax officials and cops only earned a few thousand a year, but they had property worth hundreds of thousands, drove Porsches, and went on shopping trips to Harrods in London. And this was happening year after year. The biggest tax fraud scheme in history. Magnitsky thought he had caught a few bad apples.

a bill banning railroad rebates to large industrial companies,

SLAs are service level agreements: an explicit or implicit contract with your users that includes consequences of meeting (or missing) the SLOs they contain. The consequences are most easily recognized when they are financial — a rebate or a penalty — but they can take other forms.

Between 2017 and 2020, the Nanjing Economic and Technological Development Zone plans to put at least 3 billion RMB (around $450 million) into AI development. That money will go toward a dizzying array of AI subsidies and perks, including investments of up to 15 million RMB in local companies, grants of 1 million RMB per company to attract talent, rebates on research expenses of up to 5 million RMB, creation of an AI training institute, government contracts for facial recognition and autonomous robot technology, simplified procedures for registering a company, seed funding and office space for military veterans, free company shuttles, coveted spots at local schools for the children of company executives, and special apartments for employees of AI startups.

Sí, fue una fuerza mágica. Al menos esa fue mi conclusión cuando despegó el avión y sobrevolé por última vez los cielos de aquel lugar. Una fuerza que me permitió ser el centro y la periferia, de todo y de nada a la vez. Estar y no estar, ser y no ser. Una energía suave y plácida, cuando se le entiende, dura y cruel cuando se le rebate. Así era Caracas.

his peers have expressed considerably more skepticism. “There is nothing Tesla [can] do that we cannot also do,” Fiat Chrysler CEO Sergio Marchionne said in June 2016. Two years earlier, he had asked customers not to buy the Fiat 500e electric car, because the company lost $14,000 on the sale of each one. Fiat would sell the minimum number of electric cars needed to meet government mandates and “not one more,” he said. In April 2016, Marchionne continued that theme in an interview on the sidelines of his company’s annual meeting, this time responding to the price of the Model 3. If Musk could show him that the car would be profitable at the $35,000 price tag, Marchionne said, “I will copy the formula, add the Italian design flair, and get it to the market within twelve months.” The German automakers have been even more dismissive. In November 2015, Edzard Reuter, the former CEO of Daimler, called Tesla a “joke” and Musk a “pretender,” suggesting in an interview with a German newspaper that Tesla didn’t stand up to serious comparison with “the great car companies of Germany.” Daimler, BMW, and Volkswagen were slow to accept that Tesla could one day challenge their market dominance. “German carmakers have been in denial that electric vehicles can create an emotional appeal to customers,” Arndt Ellinghorst, an automotive analyst at Evercore ISI, told the Los Angeles Times in April 2016. “Many still believe that Tesla is a sideshow catering to a niche product to some tree-hugging Californians and eccentric US hedge fund managers.” GM wasn’t quite so blasé. In 2013, then CEO Dan Akerson established a team within the company to study Tesla, based on the belief that it could be a big disrupter. GM’s Chevrolet Volt, a hybrid sedan that could drive about forty miles in full electric mode, had won Motor Trend’s 2011 Car of the Year, but GM was looking further into the future. At the 2015 Detroit auto show, it unveiled a concept of the Chevy Bolt, a two-hundred-mile electric car that would retail for $30,000 (after a $7,500 rebate from the US government). It was seen as a direct response to Tesla and new CEO Mary Barra’s biggest risk since she took over in 2014. Wired magazine celebrated the Bolt’s impending arrival with a February 2016 cover story about how GM had beaten Tesla “in the race to build a true electric car for the masses

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