Word: boone
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Dates: during 1980-1989
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...whose money-market funds could legally offer much higher yields than the 5 1/4% maximum savings-account rate. But the Depository Institutions Deregulation and Monetary Control Act gradually abolished limits on interest, enabling banks and thrifts to offer lucrative accounts like Super NOW checking. The new law was a boon for savers, since it touched off interest- rate wars among financial institutions competing for consumer deposits...
Such industriousness has been a boon for the troubled Times, the conservative newspaper owned by a group of Korean investors affiliated with the Rev. Sun Myung Moon's Unification Church. Founded in 1982 as an alternative to what the Times has called the "town's 800-pound gorilla," the mighty -- and liberal -- Washington Post, the five-day-a-week paper has not entirely erased its image as a "Moonie" sheet tainted by its owners' politics. Still, the Times has gained a place at some of the capital's most powerful breakfast tables, and is among the few newspapers that...
Anton Hopfinger, a chemist at the Chicago campus of the University of Illinois, is using computer graphics to identify the site where adriamycin, a chemotherapy drug, binds to cancer cells. "Molecular graphics has been a real boon to the study of large molecules and proteins," he says. "You can think of it as the equivalent of landing an airplane on an aircraft carrier, except in this case you're sitting on the drug molecule and landing on the DNA molecule. If you didn't have graphics, it would be like being blind and still trying to land on the aircraft...
...bought some beehives. He tapped his maple trees in the spring and discovered with a born-again countryman's pleasure that his illustrious ancestor, Dr. Benjamin Rush of Philadelphia, a signer of the Declaration of Independence, had written a long letter to Thomas Jefferson, promoting maple sugar as a boon to health and commerce...
...inelegant word: securitization. The term describes a sophisticated method of using powerful computers to package traditional loans into securities. The new instruments are then bought and sold like conventional bonds in the credit marketplace. Securitization is double edged: in only a few years, the technique has given an enormous boon to consumers in the form of lower interest rates and fresh infusions of money for mortgages and car loans. Banks have also gained from securitization, observes Lowell Bryan, a director at the McKinsey consulting firm. They have, he says, been able to sell many of their own loans to securitizers...