Word: investers
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...time. Regulation Q now sets a ceiling of 5% on them. If that is raised, the Federal Home Loan Bank Board also would have to permit savings and loans to pay more than their present 5½% maximum. Otherwise, savers would be tempted to pull out their money and invest it in Treasury bills and other paper that yield up to 6½%-a process that chokes off credit to the housing market...
...given the right to fire its directors "for cause," and HUD was granted some powers to limit Fannie Mae's borrowing. It raises billions of dollars a year in private markets and then buys mortgages from banks, savings and loan associations and other lenders, giving them money to invest in other mortgages. Currently, Fannie Mae holds about $34 billion worth of housing debt. In a war of nerves, Harris in recent months has not granted big new borrowing authority to Fannie Mae, but instead has doled it out in dribs and drabs...
...cuts of $25 billion?$17 billion net for individual taxpayers through rate cuts, $6 billion net for business in the form of more generous investment tax credits and a drop in the tax rate on most corporate profits from the present 48% to 45% late this year, 44% in 1980. Another $2 billion would be provided by repeal of the federal tax on telephone calls and a cut in unemployment-insurance taxes levied on companies. The overall aim: to offset the bite of higher Social Security and energy taxes, which the President conceded would otherwise drag the economy down...
...Foreign Minister helped matters. Arriving in Jerusalem, Kamel declared there could be no peace as long as Israel occupied Arab land, including the Golan Heights and East Jerusalem, and the Palestinian people were denied the right of self-determination. "Time is of the essence," he said, "so let us invest it to the maximum and not just see it slipping through our fingers." Later that day, Dayan told a press conference that Kamel's statement was like "holding a pistol to our heads" and the Egyptian should take such statements "back to Cairo with him." Thus even before Vance...
...sometimes been a severe obstacle to a woman's achieving success. Women, she said, are "the only exploited group in history who have been idealized into powerlessness." Jong agreed. "We successful women feel we are doing something unwomanly by making money," she complained. "When we try to invest it wisely instead of going out and losing it all, we tend to feel conflicted." Still, when Ephron asked her, "After you get through the dire psychological effects of having money, is it O.K.?", Jong replied, "It's wonderful...