Word: bankes
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Dates: during 1970-1979
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...federal ceilings when gas was plentiful. There was price competition among gas stations vying for customers. When supplies diminished, service stations raised the price to the legal maximum limit-an increase that outstripped the OPEC price rise. Beyond that, retailers who sold below the maximum price were allowed to "bank" the difference; now they can legally add that amount to the price they charge for gas. Such are the vagaries of regulation...
Despite Park's repressive measures, he is generally given credit for astutely managing South Korea's economic "miracle." When he came to power in 1961, the median annual income was less than $100. In 1979 it may reach about $1,500. A recent study by the World Bank concluded that South Korea has been by far the most effective country in the developing world in equably sharing its growing wealth between urban and rural areas. The annual growth rate since 1962 has averaged 9.3%, allowing South Korea to transform itself into a semi-industrialized state that may soon...
...dollar. They are also cheaper to produce than paper dollars-3? for a coin that lasts 15 years vs. 1.8? for a bill that survives 18 months. The coin's distinctive undecagonal shape, besides being an aid to the blind, is also intended to help store clerks and bank tellers speed up transaction time and reduce errors; it should also cut down on jamming in currency-counting machines used at banks. In fact, the " Susan's" only flaw may be its size, which is just slightly larger than a quarter. Some women have already been heard to snicker...
...paucity of programs available to make the investment worthwhile. Now, however, a department store of information called, appropriately enough, The Source is available to anyone with a simple terminal screen and a telephone coupler. Created by William von Meister, 37, chairman of Telecomputing Corp. of America, the new data bank is a pool of information from more than 2,000 programs...
...March the Administration tried to improve the thrifts' earnings by dropping the quarter-point premium that they were required to pay on M.M.C.s. when the Treasury-bill rate was at 9% or above. But this backfired because the commercial banks then moved aggressively to compete for M.M.C. sales, cutting into savings-bank deposits...