Word: interest
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Dates: during 1970-1979
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...search for higher interest, they put the squeeze on banks
...cloud in that silver shadow is that the saver must forgo all interest. Moreover, the Rolls would be considered income and would be taxed as such in the year it was received. If the depositor took his interest instead, it would be taxed as he received it over an eight-year period...
With inflation running at 13.1% for the first seven months of this year, the saver has discovered that he is throwing his money away if he puts it in a passbook account paying the federal maximum of 5¼% to 5 ½%. The real interest rate is usually less than that because it is clobbered by federal, state and city income taxes. Since interest is considered "unearned" income, the federal tax alone can go as high as 70% for wealthy people...
Excerpt "Much has been written about the perfect collaboration between choreographer, composer and designer under Diaghilev's supervision. The stages by which one of the most famous costumes of any Diaghilev ballet, that for Nemtchinova in the adagietto in Les Biches, reached its final form, are therefore of interest. We have seen how Laurencin's nebulous watercolors had been evolved by Sudeikina and Kochno ... Nemtchinova appeared before Diaghilev's eyes in a long blue velvet frock-coat, like that of a head porter in a hotel. 'Give me the scissors, Grigoriev!' Diaghilev exclaimed...
Perhaps it is part of the famous narcissism of the '70s, but Americans forget how violent and depraved other cultures have been. There is something hilarious, in a grisly way, about George Augustus Selwyn, the late 18th century London society figure and algolagnic whose morbid interest in human suffering sent him scurrying over to Paris whenever a good execution was scheduled. Americans may have displayed an unwholesome interest in the departure of Gary Gilmore two years ago, but that was nothing compared with the macabre fascinations, the public hangings, the Schadenfreud of other centuries. In the 17th century, Londoners...