Word: deposit
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Though many institutions dangle some of the same lures as Coolidge, few provide as many attractions simultaneously. Coolidge jolted the Boston banking community several years ago by dropping charges and minimum deposit requirements for checking accounts, a move that brought in 25,000 new accounts. Says President Milton Adess, a former hardware merchant who led in the bank's founding: "We're using our customers' money, so why should we charge them for it?" Coolidge was also the first in the Boston region to pay interest (4%) on Christmas club accounts. The bank stays open Saturday mornings...
...funds that had been allocated to build impressive new industrial plants in the Northeast. For another, some Brazilians fear that the highway will merely aid large U.S. companies like U.S. Steel and Union Carbide to exploit the area's mineral riches, which include the world's largest deposit of iron ore, estimated at 8 billion tons...
...revelations may seriously undermine confidence in the use of recently bought antiquities to describe past civilizations. In particular, the forgeries could lead to distrust of current archaeological concepts about ancient Anatolian culture. The Hacilar deposit was uncovered by British Archaeologist James Mellaart after he had been led to the spot by a Turkish farmer in 1956. Mellaart's find reversed the long-held belief that Anatolia, the area that is now Turkey, was only peripheral to the advanced Neolithic culture of Mesopotamia. So great was the wealth of the material found at Hacilar that some historians concluded that Anatolia...
...goes with the latest invasion. Foreign capital and companies have been pouring into Luxembourg ever since the Nazis left. By now almost all the country's major industries are foreign-owned. One-fifth of its residents are aliens. Only a fraction of the $6 billion on deposit in Luxembourg's 41 banks belongs to its citizens, and only one of the banks belongs principally to Luxembourgeois. Yet the country claims the Common Market's highest per capita G.N.P.: $2,900, up 10% from last year. Its residents own proportionately more cars, radios and phones than...
...city. But the Parthenon, under the influence of time, weather, vibration and industrial fumes, is turning to sand; and all over Italy, Spain and France there is a slow and apparently irreversible destruction of art by pollution, economic progress, neglect and age. This immense but rapidly shrinking deposit of artifacts and images constitutes the ground from which the isolated masterpiece on a museum wall draws its rationale, and hence, in fact, the claim on social fantasy that generates its price. And there is pathetically little money available to conserve it. The common objection is "let the Italians/ French/ Greeks look...