Nor do they include the experience of California, where experts estimate that two million people may have bought drugs with discounts authorized by state law.
The discount card program was authorized by the new Medicare law as a temporary measure to help elderly and disabled people until the full-fledged drug benefit becomes available on Jan . 1 2006.
The bank was initially granted the exclusive privilege to issue bank notes in Paris for a period of 15 years; it was later authorized to establish discount offices in towns where commercial requirements made this necessary, and it was subsequently empowered to exercise its privileges, including the privilege of note issue, in the towns where discount offices were established.
"My corporate office makes the decisions" about which employers will be authorized to offer discounts to their employees, said the director of the Georgette Klinger salon offering the Times's discount.
Approval is needed from Pricing if the discount is deeper than the maximum authorized for the particular market.
On Sunday, the Fed dropped its discount rate by a quarter point to 3.25%, authorized the New York Fed to extend access to its discount window to a wider variety of financial institutions, and agreed to backstop the acquisition of Bear Stearns by JPMorgan Chase for $2 a share by accepting $30 billion of Bear Stearns' illiquid assets as collateral.
Since Apple controls how much its authorized resellers charge, these discounts are precious indeed.
There are authorized ticket brokers that offer big discounts.
The simplest way to provide the most generous aid to low-income elderly and those with very high drug bills is to authorize drug discount cards and make them permanent; restrict additional cash assistance to lower-income Medicare beneficiaries just beyond Medicaid eligibility limits; and structure a modest catastrophic drug benefit that relies on private-sector insurance competition.
The message authorized managers to offer Microsoft software for personal computers at a discount or even free if a deal appeared in jeopardy.
If the directors of this bank had authorized their cashier, either generally, or in this particular case, to discount paper, it was clearly matter of defense.
