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...credit is about $11. The customer incurs a charge against that credit when he uses the bank. Writing a check costs 30?, and a withdrawal from an automatic teller machine is 10?. For a bounced check, the bank demands a daunting $30. If the customer's monthly charges exceed his credit, he pays the difference as a service fee. If, on the other hand, he does not use his account too often, he pays no service charge...

Author: /time Magazine | Title: Fewer Freebies | 4/12/1982 | See Source »

With a worldwide oil glut estimated to exceed 5 billion bbl. of crude, OPEC is making its first attempt ever to firm up prices by reducing production. But the 13 members voted to curtail output by only 9.6%, or some...

Author: /time Magazine | Title: OPEC Makes a High-Stakes Bet | 4/5/1982 | See Source »

...some enterprising melon growers are using the method to cut energy costs as well. Melons picked in the blazing California sun must first be cooled from 100° F or more down to 40° before the fruit can be packed and shipped. Electrical expenses for refrigeration alone can exceed $50,000 per season for a medium-size 5,000-acre farm. If the fruit is picked at night when the air cools the melons down to 70° or less, total electrical costs can be cut by as much...

Author: /time Magazine | Title: Dividends: Melons of the Night | 4/5/1982 | See Source »

Whether inflation can be kept from marching right back up again in future years of recovery depends heavily on what happens to wages. In the long run, most economists think, prices tend to rise at about the rate by which labor costs exceed productivity gains, although special factors, such as wild fluctuations in oil, food and housing prices, can cause actual inflation to run either above or below this so-called core rate for long periods. For the past several years, most economists figured that the core rate was stuck at 9% to 10%, kept there by a fruitless scramble...

Author: /time Magazine | Title: Inflation's Painful Slowdown | 3/29/1982 | See Source »

...state commission report found no difference between the persuasive power of a life sentence and a death sentence. The economic argument, as morally repugnant as the process it supports, is also factually dubious. The costs involved in the long legal battles often accompanying death sentences could very easily exceed those financing a prison term...

Author: NO WRITER ATTRIBUTED | Title: No Answer To Crime | 3/23/1982 | See Source »

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