Word: pruned
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...rate to 15½%. In September the rate stood at 20%. The moneymen were again following the pattern set by Southwest Bank of St. Louis, which ranks only 1,270th in size among the some 14,000 banks in the U.S. but is a leader in setting the prune. Two weeks ago, Southwest was the first bank to lower its rate to the new level...
Southwest officials point to a number of occasions when their bank led the drive to cut the prune. When it dropped the rate in August 1971, President Nixon sent the bank a telegram saying: "I was particularly heartened by the positive action." An other Southwest-led reduction in the prime on Sept. 16, 1976, resulted in an 8.64-point jump in the Dow Jones industrial average. And in April 1980, commodity prices advanced broadly on the day of a Southwest decrease. The St. Louis bankers proudly claim that a meeting of the world's financial powerbrokers at the International...
...invested $4.4 billion, much of it to modernize the company's production facilities. Yet the problems persist. Workers, already far less productive than their foreign competitors, are prone to going out on strike at the drop of a wrench. BL's management has often been slow to prune outmoded, unprofitable car lines or to react to changes in the auto market. The company, for example, stopped exporting Land Rovers to the U.S. in 1976, mainly because of a shortage of capacity, and thus missed a boom in sales of off-the-road vehicles like the Jeep Cherokee...
...squared. In The Wonderful World of Pizzas, Quiches and Savory Pies (Crown; $14.95), she leads a cook's tour of pastry, piquant fillings and their origins. Some of her recipes inevitably show up in other books, but usually in different forms. Callen's version of pounti, the prune-and-ham pie from France's Auvergne, for example, differs in important respects from Anne Willan's formulation, and both are worth trying. The pie crust, filled and adorned to suit the native palate, is almost universal. The pissaladière of southern France and Switzerland...
...lamb chops and kidneys, ranks with a French pot-au-feu. Even shepherd's pie, particularly in Garmey's jazzed-up version, can be a treat. Indeed, a number of traditional dishes are in danger of becoming fashionable. Among them: lemony Sussex Pond pudding; Hindle Wakes, a prune-flavored cold poached chicken dish; Welsh onion cake and cockie leekie (chicken-leek) soup; chicken stovies, a succulent Scottish stew; syllabub, the English answer to zabaglione...