Word: yardsticks
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...fourth increase in the prime rate in the nine months since the Federal Reserve Board started the trend by raising its discount rate-the interest charge for loans to member banks-to 4½% last December. Though the Federal Reserve has since stood pat on its basic yardstick of money costs, swelling demand for loans has prompted banks to increase their prime rate to 5% Dec. 6, to 5½% March 10 and to 5¾% June 29. At 6%, minimum borrowing costs across the U.S. have risen by 33% since November, now stand at their highest level since rates...
...government's wage-price guidelines must change from a generalized yardstick to a specific attack on inflationary sectors of the economy, according to John T. Dunlop. David A. Wells Professor of Political Economy...
...only inferior to the U.S., it isn't even old. The New York Philharmonic, for example, was founded in 1842, is 40 years older than the Berlin Philharmonic; the St. Louis Symphony (1885) predates both Amsterdam's Concertgebouw Orchestra and the London Symphony. Indeed, by most any yardstick, U.S. orchestras outstrip their counterparts on the Continent. Last season the Vienna Philharmonic performed 50 concerts and the London Symphony 32, while the Philadelphia Orchestra played 179 and the Boston Symphony 206. Of the world's 2,000 orchestras, the U.S. claims 1,401, including 25 that rank...
...confusion means that lower court judges will have no clear legal yardstick on which to decide censorship cases, and their determinations will reflect their own sensibilities more than the dictates of the law. Convictions will become even even more capricious than Ginzberg's. Defense attorneys will be unable to prepare their cases because they will not know which criteria the judge will employ. The Supreme Court should be clarifying the law, but in last week's decisions, it only scrambled it. The decisions have gone a long way toward confirming doubts about a court's ability to censor what...
...corporate badge of status and confidence. In Switzerland, haven of the holding company, where only the loosest laws exist and no new ones are contemplated, the voluntary reports of such companies as Nestle, Geigy, Alusuisse, Sulzer and Landis & Gyr already reflect recognition that fuller disclosure is the coming yardstick for a company's international standing...