Word: interest
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Dates: during 1970-1979
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...player with credentials like Stenhouse draws baseball scouts faster than an open bar. By the time the 1979 spring draft rolled around, several teams--especially the Red Sox and Yankees--had shown interest, and the leftfielder had told them he wanted to play pro ball...
...savings is badly hurting the thrift institutions. They face a tremendous competitive disadvantage and a sharp outflow of funds because the Federal Reserve's Regulation Q prohibits them from paying more than 5½% on passbook savings. A bill before the Senate would slowly phase out the interest rate ceilings by 1990. Meanwhile, says Robert Garver, president of Boston's Charlestown Savings Bank: "The money market funds are killing...
...slight risk, but since the funds are put largely into top bank and corporate securities, a number of banks and cor porations would have to go broke before the typical money market investor would suffer much loss. He would not even lose, but his yields would go down, if interest rates declined. If they dropped far enough, he might have been wiser to invest in a long-term bank note. For example, a nine-year certificate of deposit now pays about 9%; that, of course, is less than most money market funds, but it is guaranteed for the longer term...
...case, the money fund yield is not so large as it seems. The interest paid by most funds is subject to federal, state and local income taxes, just as are savings...
Both Glashow and Weinberg have a manifest interest in popularizing their fields. A few years ago, Weinberg published "The First Three Minutes" a work which reconstructs in layman's terms the events that followed the Big Bang. It was an enormous success, both here and abroad, and has been translated into many languages. In fact, the book has sold much better in Germany than in the U.S. Glashow, who plans one day to write a book along the lines of his undergraduate course, finds this disturbing: "a better scientifically informed public would be far more capable of dealing with...