Word: bill
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Dates: during 1970-1979
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...Savings banks," says Saul Klaman, president of the National Association of Mutual Savings Banks, "have the worst of both worlds, high interest costs and disintermediation." Disintermediation is bankers' jargon for loss of deposits to higher yielding investments, such as Treasury bills. For a while, savings officials thought that this had been averted through the introduction in mid-1978 of six-month money-market certificates (M.M.C.s), whose payout is tied to the going Treasury-bill rate, currently 8.87% for six-month bills. But the M.M.C.s did not bring in just new money; they also attracted funds that the thrifts already...
...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...
Arriving at a national guard outpost in northeast Managua, the heart of the fighting last week in strife-racked Nicaragua, ABC Correspondent Bill Stewart sensed it would be safer to approach on foot. Though his van was emblazoned with FOREIGN PRESS signs, he did not want to do anything that might spook the government troops. In one hand Stewart carried his government-issue press pass; in the other, he held a white flag. His interpreter walked several yards ahead, explaining that they meant no harm...
With the risks rising daily, about a third of the foreign newsmen, including all but one of the American networks' 24 representatives, were airlifted out of the country late last week. For them, the balance between their job and their personal safety had tipped under the weight of Bill Stewart's murder. Said ABC Producer Ken Lucoff: "No story is worth a man's life...
...week's end Bill Stewart's body was flown back to Ashland, Ky., his widow's home town, for funeral services. The national guard arrested a corporal for the murder, but he claimed Stewart was shot by a private who was killed in action later that...