Word: digit
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Dates: during 1980-1989
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...Nine-Digit Zip Codes. The new budget bans them from federal envelopes, so they will be lost in the mail for a while...
Savings banks and S and L institutions are suffering badly from the nation's double-digit interest rates, which have flattened the housing market, savaged the mortgage-lending business and caused upwards of $43 billion to flood out of bank deposits and into higher yielding investments like money-market funds. As a result, the industry has for months been pushing a tax-subsidized savings plan known as the "all-savers" certificate as a way to solve its problems. The proposal has now taken a big step forward with votes by key committees of both the House and Senate...
...movie people, but the human race in general. In the end, one cannot help respecting a movie that hilariously links death and creativity, yet has enough childish lunacy to have one creep respond to another's admonitory finger wave by simply taking a bite out of the wagging digit. On a colossal scale, that is what Edwards has done in S.O.B. - bitten the hand that feeds him. And discovered that it is soul food...
...reasons for the upheaval in personal finance are not hard to pinpoint: double-digit inflation and high taxes. There are almost no savings instruments that pay interest high enough to offset their ill effects. "When inflation gets into double digits, you have to do something or else lose the race," says George Sullivan, an IBM executive in Denver, who has switched most of his cash from a bank to a money-market fund. Assuming 10% inflation, someone in the 50% tax bracket would now have to get 20% interest on his savings just to break even...
...Harvard education, the Corporation pointed out that the increase is no more than the average national increase in disposable personal income, that it will not deter potential applicants from coming to Cambridge, and that it will allow the Faculty of Arts and Sciences to keep up with double-digit inflation. Although the Faculty registered a small surplus of $167,000 for the 1979-80 academic year (its fourth in a row), it anticipates a deficit of $785,000 for the just-ending year. And because tuition is one of the most malleable parts of the Faculty's budget, officials...