Word: deposits
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...Orleans, that is lined with oil refineries and petrochemical plants. The alley's abnormally high cancer rate has prompted one health worker to call it a massive human experiment. A big mess in Chicago is the work of "fly dumpers," unlicensed truckers who collect filth from affluent , neighborhoods and deposit it in vacant lots in stealthy forays at night...
...same time, the bailout failed to overhaul deposit-insurance policies that require U.S. taxpayers to pay virtually the full cost of a bank or S&L collapse. The Administration acknowledged the problem two weeks ago by indicating that it may propose limiting the $100,000 insurance coverage on bank and S&L deposits to just one account per person...
With the release of government documents spelling out the conflict-of- interes t allegations, and reports that the Federal Deposit Insurance Corporation (FDIC) might file a $200 million civil suit against him and the other officers and directors of Denver's Silverado Banking, Savings and Loan Association, Neil Bush replaced Charles Keating as the S&L poster boy. His father interrupted his final press conference at the Houston economic summit to defend the besieged 35-year-old Denver businessman. "What father wouldn't express a certain confidence in the honor of his son?" asked the President as his voice cracked...
...Federal Deposit Insurance Corporation helped fuel the comeback by pumping in $5 billion to recapitalize three major banks, while two others were shored up by acquisition. "Houston deflated so sharply there was nowhere to go but up," says Barton Smith, a University of Houston economist. Low-energy prices forced the oil industry to reduce its reliance on such traditional businesses as exploration and production, while investing more heavily in refining and petrochemical manufacturing, which can earn greater profits...
...month savers, 6.54% is a perfectly respectable rate of interest. The Amex plan is laudably efficient. Amex is already sending millions and millions of monthly bills and reply envelopes, already processing payments; millions of us are already having to pay those bills. Combining a savings deposit with the payment costs Amex next to nothing and saves us time, a check and a stamp...