Word: discounter
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Dates: during 1960-1969
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...four candidates deny any commitment to outsiders, while Kennedy, Johnson and Humphrey as vehemently discount involvement in either race. Kennedy plans to concentrate on New York, where he has been jousting for the spotlight with the state's senior Senator, Republican Jacob Javits. As for L.B.J., a White House aide says that "the President wouldn't get caught within 25 feet" of any of the candidates. Even so, both races will inevitably be interpreted as straws in the wind...
...Watts Happening." Anti-poverty officials have rushed through a $40 million crash allocation for Los Angeles County, half of it earmarked for Watts. A discount store blackened from Au gust's arson has been made over-and appropriately renamed "Watts Happening"-as a Government-financed coffeehouse for idle youth. A new $800,000 training center offers classes in grammar and Negro history for 200 students. But the overall program has been snarled by political rivalry and bureaucratic delays, and visible accomplishments so far are few. A new Head Start project for preschool youngsters got under way only last month...
...manage U.S. monetary policy recognized the need for caution last December. Then, after the Federal Reserve Board boosted the discount rate, Chairman William McChesney Martin got only growls from the White House. Today, even the liberal minority on the board that opposed Martin concedes that he made the right move-though many businessmen are now worried that money has become too tight. Last week Manhattan's Morgan Guaranty Trust Co. led the way to a further tightening of credit by raising the "prime rate"-the interest charged on loans to the bank's biggest and most reliable customers...
...Federal Reserve Board's decision in December to raise the discount rate from 4 to 4 1/2 per cent, causing the cost of credit to rise moderately, Heller explained, as well as Congressional enactment of excise tax increases, have moderated the boom in the American economy to a certain extent...
Squared Meal? In any case, Williams has pointed out, there are no clear guidelines as to the proportion of such expenses that can legitimately be deducted. How much of a $1,000-a-plate dinner can a company discount as a business expense? According to Internal Revenue Commissioner Sheldon Cohen, said the Senator, "deductions are allowable to the extent of the value of the meal." Demanded Williams: "Does it go up for a Democratic meal and down for a Republican meal...