Word: fasts
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Dates: during 1980-1989
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...Administration's tax-simplification plan angers Iacocca: he shouts about the provision that would abolish the tax preferences enjoyed by industry--like automobiles. "I don't see any broke-ass McDonald's out there. I don't see anybody (in services) shutting down jobs so fast you're throwing them on the dole...
...April 15 fast approaches, financial institutions are vying to attract customers for tax-deferred Individual Retirement Accounts. San Francisco's Continental Savings of America (assets: $346 million) last week began offering an IRA with a difference. The S and L is giving women depositors an 11.5% interest rate on new IRAs, but only 11% to men. At the higher rate, a female saver will earn nearly $47,000 more than a male if both contribute the annual individual maximum of $2,000 for 30 years. Says Susan Loughridge, a Continental senior vice president: "It's our theory that women entered...
Clara Peller first cried, "Where's the beef?" for Wendy's a year ago. The diminutive octogenarian actress made the phrase a part of the language and helped Wendy's sales jump 31% last year, to $945 million, at the company's 3,095 fast-food restaurants worldwide. She will ask the question no more, at least for Wendy's. The firm decided last week to end its relationship with Peller. Reason: she made a commercial for Campbell's Prego Plus Spaghetti Sauce in which she says, "I found...
...month with the collapse of an obscure Fort Lauderdale firm, E.S.M. Government Securities, a dealer in U.S. Treasury bills and bonds. When customers of Cincinnati's Home State Savings heard that their bank stood to lose a whopping $150 million as an E.S.M. investor, they began withdrawing money so fast that banking regulators closed the institution. The panic then spread, because Home State's failure threatened to exhaust a private insurance fund of $130 million that covers deposits at 70 of Ohio's nearly 300 thrifts. Crowds of up to 1,000 people, some equipped with lawn chairs and portable...
...deals with traders like E.S.M. "It's harder to make a profit," says Robert Seaton, president of Cleveland's Cardinal Federal Savings & Loan. "Therefore institutions are doing things they wouldn't have done before." Federal regulators hope to reverse the trend with tighter scrutiny and new limits on how fast a thrift can grow...