Word: costs
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Dates: during 1940-1949
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...information. * The answers, in order: 1) Yellow Kid by Richard Outcoult, in the New York World; 2) 280 days; 3) Yes. At the 1924 convention in New York City; 4) Not even the wisest hagiologist knows; 5) lotus blossoms, phlox pods, the squirting cucumber of southern Europe; 6) average cost of a Class 6 battleship: $92,122,100; 7) an estimated...
...Liberal Convention, it promised to call a Dominion-provincial highway conference this fall. Because the British North America Act leaves the problem of highways to the provinces, Ottawa was not ready to do much more than confer. Besides, it wanted the provinces to bear at least half the cost of any highway built...
Last week the papers prepared to break with their past. In mid-September, they will move to an ultramodern new building (ten blocks below the Mason-Dixon line). In the same week Editor Wallace will retire. In a sense, both departures are overdue. The new plant, budgeted to cost $3,000,000, has already eaten up $7,000,000 and will open 18 months late. And at 73, "Uncle Tom" Wallace is eight years past the paper's retirement...
...Federal Reserve System also moved toward deflation when nine of its twelve district banks raised their rediscount rates (i.e., the rates which member banks pay on loans from the Reserve Banks) from 1¼% to 1½%. Their strategy was the same: to raise the cost and thereby lower the amount of borrowing...
...thought that the results of Snyder's action would prove much of a damper on the inflated market. The cost of borrowing would have to be much higher to be effective. As for the rediscount rise, its effect would only be psychological. Borrowings by member banks from the Federal Reserve Banks are relatively insignificant, at less than $300 million. With excess reserves of over $1 billion, member banks were not likely to raise the volume by much, nor feel any actual pinch because of the higher charges...