Word: currently
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Dates: during 1970-1979
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...proliferation of new financial devices that effectively enlarge the money supply but are not measured by the old standards. One of these innovations ran into problems last week. The U.S. Court of Appeals in Washington ruled that automatic transfers of funds from savings to checking accounts violate current banking laws; but the transfers will be allowed at least until Jan. 1, to give Congress time to liberalize the laws. There are many other sources of liquid assets. The increasingly popular money market mutual funds, unlike conventional securities, permit holders to draw out their money immediately...
...exciting side of the industry that is attracting the larger companies is photovoltaics?the direct conversion of sunlight into electricity. The theory is simple. A wafer-thin, 3-in. to 4-in. plate or "cell' that is sliced from a chemically treated silicon crystal will give off direct-current electricity when exposed to light. The amount that comes from each cell is minute, but many cells can be wired together in rooftop units to provide a maintenance-free, long-lasting, nonpolluting power source. During the day the cells simultaneously produce electricity and charge up batteries for nighttime...
...wage guidelines. This was made clear by the 3,500 delegates who crammed Detroit's Cobo Hall last week for a special convention to sort out contract demands. Douglas Fraser, the U.A.W.'s blunt president, vowed to ignore the guides when negotiations begin on the new contract (the current one expires Sept. 14). Thundered Fraser: "The Teamsters bent the hell out of the guidelines. I don't believe the 7% is a reality any more." The whole anti-inflation program, he added, is "for all intents and purposes dead...
Outside Cobo Hall, demonstrators pressed for a cost of living adjustment (COLA) for 205,400 retired auto workers and 29,100 surviving spouses. The current agreement does not have a COLA clause but pays pensioners about the same $700 a month that they were getting six years ago. Some union delegates are now talking about a raise to $1,100, plus a COLA...
...SASC want to free South Africans from the chains of apartheid, or is there a further goal? It seems that SASC stands not only in support of oppressed South Africans, but also of other African groups. Suddenly under the umbrella of SASC activities come tributes to, among others, the current government of Angola and "freedom" forces lead by Nkomo and Mugabe--organizations whose goals include more than simple self-determination for the South African people...