Word: depositing
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Dates: during 1980-1989
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...attract Americans these days, in newspapers and bank windows, as well as on television and billboards. People are being swamped with offers for investment opportunities, and savvy consumers are now flocking to newly popular savings devices, including negotiable order of withdrawal (NOW) accounts, money-market funds, certificates of deposit, commercial paper and U.S. Treasury bills...
...James Bond car for the Shah of Iran, adding a bomb sniffer, ducts that sprayed tear gas, machine-gun mounts and enough armor plate to withstand a grenade or a land mine. After he lost the Peacock Throne, the Shah refused title to the car, forfeiting a $50,000 deposit...
...century, drillers flocked to the state from the crowded oilfields of Pennsylvania and Ohio, only to be lured away by far more promising discoveries in Oklahoma and Texas a few years later. But the discovery last September by Dart Energy Corp. and PPG Industries Inc. of a natural gas deposit near Falmouth that energy experts estimate will produce more than 12 million cu. ft. of gas a day has brought wildcatters streaming back...
...uncharitable might chide that certain Philip Morris business activities--their lobbying efforts against returnable bottles, for example--might do more harm than the German expressionists do good. PM says look at the facts--"beverage prices in deposit states are higher than in neighboring non-deposit states." Environmental fanatics draw birdshot compared with the artillery reserved for the health nuts who have suggested that smoking might somehow be tied to cancer. As a pamphlet available to plant visitors insists, no one has ever been able to do more than show that smokers are more likely to die from lung cancer...
Many investors and the money market funds are naturally fearful of any moves to limit these high-paying deposits. Says David Jensen, a Chicago lawyer who is moving his savings out of certificates of deposit and into a money market fund: "Restrictions on them would interfere with my free-enterprise right to get the best rate of interest." Adds Thomas Anderson, vice president of the Kemper Money Market Fund: "We have allowed the small saver to participate in the high yields that have long been available to only the large investor." Restrictions on the funds would be against the general...