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Smith thinks the Department for Education's system of discount codes – which give less academic value in secondary schools to art, music, drama and dance than to science, technology, maths, English and so on – will have a disastrous impact on the nation's economy and its reputation for creativity, design and innovation.
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"In America's colleges, there is a system of discounting for academic achievement.
It alleges that Intel, using a system of discounts and rebates, encouraged computer-makers and retailers to sell only a limited number of machines powered by chips made by AMD, Intel's only remaining serious rival in microprocessors for PCs.
In a move that signals the end to system designed to encourage lower carbon motoring, George Osborne said the current system of discounting or waiving vehicle excise duty (VED) for greener vehicles "isn't sustainable and it isn't fair", as he explained that by 2017 over three-quarters of new cars would be certified as low-emissions vehicles and therefore not liable for VED.
The chipmaker was charged with using a system of discounts and rebates to encourage computer-makers and retailers to sell only a limited number of machines powered by chips made by AMD, Intel's only remaining serious rival in microprocessors for personal computers.
Here you can see how Amazon's system of discounting is very appealing to consumers.
It was based on a system of product discounts.
But motorists are also getting a toll increase and a system of 8percentt discounts that rewards drivers who use the turnpike during off-peak hours.
The issues now are whether it will be one of 25 cents or 50 cents -- to $1.75 or $2 -- and whether there will also be service reductions and a restructured system of fare discounts.
(Believe it or not, there is a whole system in Hong Kong of discount cards marketed to these high-end spenders).
Stern School of Business finance professors Anjolein Schmeits and Stijn Van Nieuwerburgh point out, this system of calculation doesn't discount for risk and volatility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com