|
Flooding The Market
Flooding the market is an excess amount of inventory for sale causing an undesired drop in price for the product that can, in extreme cases, make the price go negative or make the products impossible to sell at any price. Businesses take measures to avoid that effect. For example, publishers will release books from popular authors under pseudonyms, as with the Kenyatta series by Donald Goines, which were published under the name Al. C. Clarke. The same also occurred for Stephen King, who published several books under the pseudonym Richard Bachman. Flooding the market can be done intentionally in an effort to eliminate competition and is then known as dumping. Examples In the United States in 1956, commodities traders Sam Siegel and Vincent Kosuga bought up large quantities of onions and then flooded the market as part of a scheme to make money on a short position in onion futures. This sent the price of a 50-pound bag of onions down to only 10 cents, less than the value of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Negative Pricing
In economics, negative pricing can occur when demand for a product drops or supply increases to an extent that owners or suppliers are prepared to pay others to accept it, in effect setting the price to a negative number. This can happen because it costs money to transport, store, and dispose of a product even when there is little demand to buy it. Negative prices are usual for waste such as garbage and nuclear waste. For example, a nuclear power plant may "sell" radioactive waste to a processing facility for a negative price; in other words, the power plant is paying the processing facility to take the unwanted radioactive waste. The phenomenon can also occur in energy prices, including electricity prices, natural gas prices, and oil prices. Examples Natural gas in West Texas Natural gas prices in the Permian Basin, West Texas, went below zero more than once in 2019. Natural gas is produced there as a byproduct of oil production, but production has increased faster than th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Des Moines Register
''The Des Moines Register'' is the daily morning newspaper of Des Moines, Iowa. History Early period The first newspaper in Des Moines was the ''Iowa Star''. In July 1849, Barlow Granger began the paper in an abandoned log cabin by the junction of the Des Moines and Raccoon River. In 1854, ''The Star'' became the ''Iowa Statesman'' which was also a Democratic paper. In 1857, ''The Statesman'' became the ''Iowa State Journal'', which published 3 times per week. In 1870, ''The Iowa Statesman'' became the ''Iowa State Leader'' as a Democratic newspaper, which competed with pro-Republican ''Iowa Daily State Register'' for the next 32 years. In 1902, George Roberts bought the ''Register'' and ''Leader'' and merged them into a morning newspaper. In 1903, Des Moines banker Gardner Cowles, Sr. purchased the ''Register and Leader''. The name finally became ''The Des Moines Register'' in 1915. (Cowles also acquired the ''Des Moines Tribune'' in 1908. The ''Tribune'', which merged with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
