Word: discountable
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Dates: during 1950-1959
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...Protestant Episcopal Church's Presiding Bishop Henry Knox Sherrill heartily concurred with his British spiritual brothers. But Roman Catholics were quick to discount any divisive effect of the new dogma. The Assumption would be no impediment "to our separated brothers," wrote the Rev. Giuseppe Filograssi in the authoritative Jesuit fornightly Civiltà Catholica. "The true and crucial point of dissension rests in the primacy and infallibility of the Pope...
Meanwhile, the Federal Reserve Board, which wants to fight inflation with credit curbs rather than price controls, started putting them into effect last week. By boosting the discount rate in the New York area from 1½% to 1¾%, the FRB, in effect, raised interest rates on commercial loans, thus made it harder to borrow money. Since the New York rate usually sets the pattern for the country, bankers expected a general rate rise soon...
Tickets for the two dances will go on sale tonight in the Union, with a 20 percent discount on flowers provided with each ticket. Seven dollars will be the fee for a ticket for two to both dances...
...powerful North Central Association of Colleges and Secondary Schools. At its meeting three weeks ago, a special committee of the association recommended that Kansas City be dropped from its accredited list. One possible effect of such a blacklisting: Kansas City high-school credits would fall to a discount for college entrance. Quickly Kansas City appealed, said it was going to vote again on raising the school levy by 38%. The N.C.A.C.S.S. granted a three-month reprieve...
...also filed seven more suits on similar grounds against a group of New York City discount houses. It was their reductions which had given Macy's an excuse to cut its own prices and thus force manufacturers to enforce fair trade minimums or drop them. Sunbeam Corp. and Corning Glass Co. also filed suits against the discount houses. At week's end, Macy's and the discount houses went right on price cutting, prepared for the court showdown...