Word: chipping
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Dates: during 1960-1969
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Ever since the prime rate appeared in the '30s as a measure of what the bluest-chip corporations must pay for a bank loan, commercial banks have agreed about what that interest charge should be. Sometimes it has taken a few days; once, in 1958, it took a week for the pacemaking banks to fall in line with a lower rate. But for a fortnight some 40 of the nation's biggest banks have, to their consternation, found themselves in an unexpected battle over "the prime" with Chase Manhattan, New York City's biggest and the nation...
...support from the most voluble champions of the SST. This week chiefs of the plane's U.S. customers-eleven airlines and one leasing company-will meet with Federal Aviation Agency brass to hear a plan for their direct participation in the prototype financing. The FAA wants them to chip in $1,000,000 for each of the 58 planes they have on order, over and above the $100,000-a-plane deposits they have already made. Later, foreign airlines, which have signed up for 56 SSTs, may be asked to join in too. The lines may also be asked...
...Chip Otness and captain Dennis mcCullough also saw action up front, as did Tag Demment, who dressed for the thrid period only. Lines were affected last week by the loss of sophomore George Murphy, who is taking a year's leave of absence...
Bobby Bauer has convalesced quickly from his eye injury and will rejoin Dwight Ware and Chip Otness on the sophomore third wave...
...Chip Otness set up Harvard's counter two minutes later when he turned on his speed to carry the puck around defenseman Don Turcotte, a not inconsiderable feat Otness repeated several times. Otness's try after circling the cage was blocked, but from there Dwight Ware muck the puck behind goalie Gary Thornon...