Word: lined
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Dates: during 1950-1959
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...second running of the sweepstakes this year, separate three-man juries in 22 countries (each with its own $1,000 national winner) were set up to ensure that only the best reached the finish line. Fortnight ago three top jurists (British Critic Sir Herbert Read, former Director General of French Museums Georges Salles and British Painter Morris Kestelman) were flown to Manhattan, repaired to a storage warehouse to inspect the final 114 oils and pick the grand-prize winner. "It was very quiet," chuckled Georges Salles. "We sat in three chairs like the three judges of Hell...
...week approved a discount-rate hike from 2% to 2½% for five of its district banks, but for reasons that had little to do with the threat of inflation. The hike was not designed to tighten credit, explained the Fed, but to bring the central bank rate in line with other short-term rates. Reason: the average yield on Treasury bills has been running three-quarters of 1% above the Fed's 2% discount rate, making it possible for commercial banks to borrow from the Fed at 2% and invest in Treasury bills that pay nearly...
...last year's higher-priced models (the Citation and the Pacer), thus bringing Edsel down into the price range of the top series of the Big Three's lowest-priced cars. Also slashed: accessories prices, e.g., $175 for automatic transmission v. last year's $215. In line with the trend to fewer models (see Too Many Models), Ford also dropped six other Edsel models...
...this week. Production was still held back by wildcat strikes at General Motors, but other carmakers hiked schedules. Chrysler hopes to increase production 15% this week. Ford's Mercury-Edsel-Lincoln division plans a 40% hike, and Studebaker-Packard scheduled a 50% rise; with Ramblers running off the line at an alltime peak, American Motors raised schedules...
...Sweat. A chemical textile finish (Cyana) that prevents perspiration odors from contaminating clothing was put on the market by American Cyanamid Co., will appear on Van Heusen's spring-line shirts. Applied to a textile, Cyana causes no change in the fabric's color or feel, remains effective even after 50 washings (unless chlorine bleach is used...