Word: depositer
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...expected to rise by an additional 10,000 by the end of the year. In Seoul, police last week were herding prostitutes back into their old houses in order to maintain more effective watch over them. Under the new rules, the girls have to obey two regulations: they must deposit a portion of their earnings in savings accounts, and attend weekly vocational classes on such womanly pursuits as sewing, dressmaking and cooking...
Secrecy is more than just an honored tradition to the Swiss banker-it is also a potent lure to his clients. International merchants, grafting bureaucrats, tax dodgers, insecure Latin American chieftains-from all over the world they come to deposit their cash in Switzerland's 4,000 banks (one for every 1,360 citizens...
...lend them 90% of the purchase price at around 5% annual interest. According to New York Monetary Expert Franz Pick, increasing numbers of U.S. citizens (who are forbidden by law to own bullion) are buying it through agents who hand-carry dollars to Europe, buy the bars, and deposit them in Swiss banks...
Today, an estimated three billion Eurodollars circulate through Europe's banking community. German, Dutch or Swiss banks that are rich in foreign reserves regularly deposit their dollars in London-which already seems destined to become the financial capital of the Common Market. London banks, in turn, relend the Eurodollars in Italy and Japan, where interest rates on foreign trade credits are particularly high. U.S. branch banks in Europe, eager to get into the profitable trade, have begun to court Eurodollar deposits by paying higher interest rates on them than is permissible...
...years ago, when he struck the MiVida uranium deposit on the Colorado Plateau, slim, haggard Geologist Charles A. Steen was so broke that he couldn't afford to buy milk for his children. Last week Steen agreed to sell MiVida and itc mill to New York's Atlas Corp. for $12.8 million. Steen sold for capital gains "because it was the only way I could keep anything." Steen now operates two big Nevada cattle ranches, has branched out into other kinds of mining (lead, zinc, silver, gold and mercury), recently bought a New Mexico marble quarry...