Word: deposited
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Dates: during 1970-1979
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...limited by law as to how much interest they can pay, and put it into Treasury bills and other higher-yielding paper. But lately mortgage lenders have developed new financial gimmicks that enable them to compete for funds, even when money gets tight. One innovation: high-interest certificates of deposit (CDs), with a yield that is one-quarter of a point above the Treasury bill rate at the time of purchase. In July and August alone, mortgage lenders sold $27 billion of these new CDs to savers...
...fathers died to rid the world of Capitalism's Evil Mutant, while our economy entered the state capitalist stage, run by and for big businessmen. Remember the '30s, when our poliomyelitic system acquired the leg braces that allowed it to keep playing hardball--braces like unemployment compensation, Social Security, deposit insurance, to make sure it never bottomed out again. Remember the '20s--the corporations are much bigger now, and they've expanded from Peoria to Pretoria...
...rates, to be sure, but then capital gains rates are no longer low enough to compensate investors for extra risk. Supporters of Steiger argue persuasively that cutting capital gains rates would raise federal revenues rather than reduce them. People would sell assets they have been salting away in safe-deposit boxes, move the money into new investments that help the economy, and produce a greater volume of transactions to be taxed. Russell Long, who will have as much to do with shaping this year's tax legislation as anyone, asserts: "I have no doubt that we are going...
...proposed an end to deposits of Massachusetts money in banks doing business in South Africa. He also has a Linked Deposit System proposal--designed to end redlining...
...exodus could do more harm than good for nonwhites. American-owned businesses might be taken over by other multinationals, notably the Japanese, that are far less responsive to the blacks. Possibly the South African government would seize control of some companies and make the American owners deposit the proceeds of their forced sales in government securities...