Word: bank
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Dates: during 1960-1969
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...unions to the status of "custodians"; nowadays, a teen-age rock guitarist with three chords to his credit can class himself with Horowitz as a "recording artist." Cadillac dealers refer to autos as "preowned" rather than "secondhand." Government researchers concerned with old people call them "senior citizens." Ads for bank credit cards and department stores refer to "convenient terms"-meaning 18% annual interest rates payable at the convenience of the creditor...
...direct result of the suggestions in October, the Coop very quietly in December deposited $15,000 into a savings account at the Unity Bank and Trust Company in Roxbury. Many other businesses in Boston have also shown their support by making similar deposits, yet the Coop's is larger than those of many companies with much more available capital. "We didn't publicize it," Brown says, "because we didn't want to appear as if we were patting ourselves on the back...
...There have been eight bank failures nationally for the year so far. The other three were in Michigan, Colorado and Illinois...
Pray for Rain. The inspectors were no more understanding at the First State Bank of Dodson, which simply followed that Panhandle community in decline, or at Big Lake, an oil and ranch town on the flatlands of West Texas, where billboards exhort passers-by to "pray for rain." Horace B. Rees, 64, president of the Big Lake State Bank, "let his heart overload his sense." as one customer says, and tried to lure industry to the town by loaning seed capital to dubious ventures. Big Lake, however, was deprived of banking services for only a week. Three groups...
...little more than guesses. "Most of the leading indicators [the economic statistics that are supposed to foreshadow general business trends] tend to be reported in a preliminary fashion and later revised on the basis of wider sampling," notes Beryl Sprinkel, vice president of Chicago's Harris Trust & Savings Bank. "And the revisions can be extreme." Chairman