Word: cuts
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Dates: during 1960-1969
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From 1950 to 1966 rebates rates were ten and eight per cent. However, in he fiscal year ending July 1, 1967, rates were cut to the present level of eight and six per cent
Milton P. Brown '40, president of the Coop and Lincoln Filene Professor of Retailing at the Harvard Business School, predicted the rebate cut last April. He said, "Nobody wants to cut [rebate rates]. But we can't pay what we don't earn...
Brown said, "There are only two ways to keep to Coop profitable enough to continue paying rebates. Either we get the margin [of prices] up or the expenses down. If we get the margin up, people will cut our throats because prices are higher. If we get expenses down, we have to cut services...
Auditing for the fiscal year which ended this July is not yet complete. However, in compliance with Internal Revenue Service laws, the Coop has distributed notices warning its members that may be cut...
...lots of fish-eye shots, weeping, and intimation of death--and boring, and doesn't do justice to the drug (compare Conrad Rooks' sublime hallucinations in Chappaqua or in any film by Jordan Belson). Hopper also has an irritating editing affectation: when indicating the passage of time he'll cut two frames of the next sequence in twice at the end of the preceding scene. Real avant-garde...