Word: deposits
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Much of the dollar's recent strength is attributable to something the President has little direct control over: steep interest rates. At present levels of 17.5% for three-month deposits, American banks are paying interest rates far above the U.S.'s 13% inflation rate. The interest rate in West Germany is only around 9%, while in Japan it is about 8%. The high level of real return attracts many international investors to deposit their money in the U.S., thus strengthening the value of the dollar...
...involved a Harvard student this summer. One student pursued an ad in OCS-OCL's summer jobs file for a head-tennis-pro position, financed her own trip to Washington D.C. to try out for the job at a "placement" agency, was given the job, left the required $50 deposit, and waited happily for June to begin work. The placement agency had no one with any knowledge of tennis skills or playing experience; the plot was revealed when they hired four students on an adjacent court with sub-intramural tennis abilities, and ran a strictly profit-making business, stuffing bodies...
Student: "Excuse me, but I have not been paid for my two-weeks of work yet nor reimbursed for travel, interview, and deposit expenses. When...
There is a simple solution to the dilemma of cutting taxes while persuading Americans to save at the same time. The Federal Government should grant a tax cut only to those taxpayers who agree to deposit all of their tax savings in a special, restricted, three-year certificate of deposit. In the short term, the savings could stimulate business investment without creating additional inflation...
Houses use the files primarily for the benefit of the student. They are a record of his undergraduate accomplishments, used by him and the senior tutor applications and letters. As no one may view the file without your permission, professors or teaching fellows can deposit letters in your file without your having requested them. Your file may have stuff in it that you don't know about. This happens very seldom, however, and in most Houses, senior tutors will tell you about new arrivals in your file. Everything in the House file stays in the House for a few years...