Word: interests
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Dates: during 1970-1979
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...impossible to have a united Canada without a strong central government." Dismissing Clark as a "feeble echo" of provincial Premiers who are hungry to expand their powers at Ottawa's expense, Trudeau cast himself as the champion of a government strong enough to defend the national interest from the provinces or anywhere else. Said he, by way of illustration: "The energy needs of Canadians are too vital a matter to be left in the hands of the Exxon Corp. of New York or the provincial government of Alberta...
...this could presage the mild recession that is widely expected later this year. If the guidelines fail before the decline in production begins, the only practical, short-term alternative would be an ever tougher monetary policy and higher interest rates. Money supply is already relatively tight, and interest rates are expected to go on rising into June. A continuation of this trend could lead to a recession deeper and more painful than anyone wants...
...made. Lufthansa's purchase of 25 of the planes (and options for an additional 25) is the biggest order the decade-old consortium has landed. Equally significant, the sale marks the end of Lufthansa's overwhehning dependence on Boeing. Said Lufthansa Chairman Herbert Culmann: "We have no interest in turning a giant into a colossus...
When it comes to saving money, affluent people get a break. Those who put $10,000 or more into six-month money market certificates can collect interest at roughly 9.5%, while small savers are limited by law to earning only 5% from commercial banks and 5.25% from savings institutions on their passbook accounts. Last week federal banking authorities proposed new measures to redress this imbalance and encourage saving...
...proposals will be an eight-year "rising rate" certificate of deposit in amounts as low as $500. The interest will start at 6% (6.25% in savings banks) and rise gradually to 8% (8.25%) over five years; a saver who leaves $500 on deposit over the full eight years will get $386.17 in interest, vs. $244.06 in a regular 5% bank account. Savers will also be able to buy a five-year certificate pegged to the average five-year Treasury Note rate, currently 9.2%; interest on the new certificate will be 1.25% less than that rate, or 1% less if bought...