Word: depositers
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Soon after Sun Myung Moon opened an account at Chase Manhattan Bank in 1973, the Korean evangelist came by to make a deposit accompanied by two women carrying large purses stuffed with an assortment of bills. It took clerks an hour to count the currency, which totaled $100,000. A Chase banker recalled the women's saying that the money came from street sales of flowers by members of Moon's Unification Church. The Moonies, who refer to their leader as "Father," and who regard him as a manifestation of God, were zealous collectors of funds, and deposits...
...popular that the New York Futures Exchange began trading them two weeks ago. With a stock market future, an investor in effect bets on which way the stock market will move by buying or selling a contract that is based on one of the popular market averages (minimum deposit...
...aquifer is a California-size deposit of water-laden sand, silt and gravel. It ranges in thickness from 1,000 ft. in Nebraska, where two-thirds of its waters lie, to a few inches in parts of Texas. Although it was first tapped in the 1930s, it has been extensively exploited only since the development of high-capacity pumps after World War II. The Ogallala's estimated quadrillion gallons of water, the equivalent of Lake Huron, have irrigated farms in South Dakota, Nebraska, Wyoming, Kansas, Colorado, Oklahoma, Texas and New Mexico, changing a region of subsistence farming into...
Last week, however, San Francisco's Crocker National Bank, the twelfth largest in the U.S., announced that next month it will invade the turf of the money-market funds. Users of the bank's new Working Capital Account, which will require a $20,000 deposit to open and a $45 annual fee, will have a money-market account run by Boston's Massachusetts Financial Services. At the same time, they will be able to buy and sell stocks, bonds and other securities through Bradford Broker Settlement Inc., a New York discount brokerage. Customers can also use their...
...talk that machines are a threat to human preeminence. That talk has been alive ever since people first discovered that they could manufacture tools vastly superior to themselves; in Samuel Butler's satire Erewhon (1872), the citizens establish a museum of old machines in which they at once deposit and abandon their mechanical inventions, which they believed would swallow up their souls. When machines possess artificial intelligence, like computers, the human fear of being overtaken seems both more urgent and more complex. Science-fiction writers from Capek to Asimov have built much of their genre around robots, androids, computers...