He said there was no evidence minimum pricing worked because "alcoholics are not sensitive about the pennies".
The counter-argument, that cuts remove an important discipline on managers, hardly holds true today, when all firms are counting the pennies.
Some California towns resorted to one-penny scrip during the mid-1970s, when a severe copper shortage sucked all the pennies out of circulation.
Watch the pennies and the dollars will take care of themselves.
Joseph worked with two former floor traders to come up with some algorithms that appear to find a niche and scoop up some of the pennies that the bigger shops leave behind.
The Pennies for Peace program tracks its own expenses, however all expenses incurred by the Pennies for Peace program, such as staff salary, travel, materials, administration are covered by CAI from the unrestricted fund.
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Nothing that might sting, nothing big -- just the pennies, nickels, dimes and quarters that normally languish behind the couch, in old winter coats, on the floor of the car, or in the good ole spare-change-bowl-by-the-door.
Principal concerns include (1) whether the negotiated settlement will adequately compensate bondholders and U.S. taxpayers, and (2) whether enabling the Soviets to enter the U.S. bond market is worth the pennies on the dollar the United States is likely to obtain in such a settlement.
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Read the details of today's guarantee scheme, and you see it has been written by an organisation determined not to take on one jot of unnecessary risk - and equally determined that private sector contractors not get a penny more than they need, even if the pennies in question are not going to show up in the public accounts.
It is not hard to see that food-related security problems overseas could cost us far more than the extra pennies we'll pay at the grocery store.
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We want to pick them out of the trash at pennies on the dollar.
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In that marketplace, collection agencies buy the debt for pennies on the dollar.
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Via the Internet and mobile applications, Shapiro said his company Vidyo can deliver the same quality for pennies on the dollar.
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Customers seeking to track packages online costs the firm pennies.
They include reducing mail delivery by the U.S. Post Office to five days a week, giving the Treasury Department the authority to rethink the way pennies and nickels are coined to save costs and new restraints on military veteran benefits.
Fascinating to see the stock rally on the news to within two pennies of the LBO price, after hovering 10-20 cents below the LBO price in recent sessions.
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The company posted a net loss of 32 cents a share in the quarter, two pennies better than the Street consensus view, which called for a loss of 34 cents.
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Thus was Royal Dutch Shell (nyse: RDSA - news - people ) squeezed out of its majority stake in the Sakhalin oil bonanza for pennies on the dollar.
But the company posted a loss of 4 cents a share in the quarter, a few pennies worse than the Street had expected.
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After the dot-com bust, Pennington was thrilled with the opportunities to buy computing infrastructure at pennies on the dollar from busted dot-coms.
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The ETF investor would have to settle for pennies on the dollar.
The crux of which is, how many pennies on the dollar of those loans are the banks going to get back out of an Apple deal with Proview?
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Excluding one-time items, the company posted an EPS of 46 cents, 2 pennies above the consensus forecast.
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For one thing, print advertising, even though it is diminished, still pays the bulk of the freight for newsrooms, with web ads paying just pennies on the dollar in comparison.
Turning in tomes to the campus bookstore is an exercise in giving up assets for pennies on the dollar.
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Her brother Frank would spend all five pennies the first day and gorge himself on sweets.
More generally, CAPTCHAs have a bigger problem: Teams of people in India and China working to solve the puzzles for pennies.
In the West, the elderly pinch pennies, but Japan's seniors pay extra.
Many bloggers put post advertisements from services such as Google 's AdWords, but revenue for all but the most popular sites are usually on the order of pennies per day.
My bet is still on the last two acts of this classic tragedy to be Facebook subtly squeezing the life out of Zynga until it acquires the company for pennies.
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