Word: depositers
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...explanation of the Fed's new approach to monetary policy, see page 7. In St. Louis, officers of the Federal Reserve Bank there were pleased because they had long advocated such a move. See story on page 6. In the nation's money markets, large certificates of deposit and other short-term instruments quickly matched the one-point rise in the discount rate. See story on page 2. Foreign-exchange traders, happy about the Fed's actions, sent the U.S. dollar up by 2%; gold fell more than $17 an ounce. See story on page...
This is the nub of John Paul's contest with Roman Catholic liberals. He believes in a God who has revealed very specific teachings, known collectively as "the deposit of faith," and that no Pope is in a position to change them. But what will be the results if no change occurs? Liberals fear that despite the enormous regard in which multitudes hold this remarkable new Pope, his hard line will drive more Roman Catholics out of the church and discourage men and women from entering the priesthood and the religious orders. The competing theory, heard increasingly...
...approved the bishops' condemnation of racial antagonism and discrimination, but the total context of his talk was chilling to liberal theologians. He asserted that the church has a special mission to "guard and transmit intact the deposit of Christian doctrine," thus reaffirming the thought that Christianity is a body of fixed beliefs rather than a faith that ought to be adapted to modern circumstances...
...brothers for uppity younger siblings. No longer is that attitude possible or plausible, and one big reason is oil. Since 1972, when geologists drilling into the cactus-studded wasteland of Tabasco state tapped into the gigantic Reforma oil and gas field, Mexico has turned up one immense deposit of petroleum after another. In his state of the union address in early September, López Portillo boasted that Mexico now had proven combined reserves of 45 billion bbl. of oil and gas. Officials of Pemex, the national oil com pany, predict that as many as 200 billion bbl. of crude...
...long time, he can buy four-year bank certificates linked to the Treasury note rate, now paying over 8%. But depositors with $10,000 can earn 10% from six-month money market certificates, and people with $100,000 can pick up 11% from three-month bank certificates of deposit...