Word: marketed
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Dates: during 1970-1979
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Federal interest rate ceilings limit the payout on their passbook accounts to 5% in commercial banks and 5.25% in savings institutions, which is less than half the current rate of inflation-and much less than a higher-roller gets for investing $ 1,000 or more in a money market mutual fund. The small saver's squeeze is summed up in a Citibank anti-ceiling advertisement: "Deposit $500 with us today and we'll give you back $475 next year...
...already very low, and consumption would have to be reduced by at least 1.7 million to 2 million bbl. per day. "We would hope that other OPEC producers would help out," says a Department of Energy official, "but even so, it would produce much more stringency in the market and, of course, higher prices...
...this last week by making Harvard business school Graduate Caldwell an honorary doctor of laws. The citation sounded more like a Ford brochure: lauding Caldwell as an eloquent spokesman for the free enterprise system, it also stressed his success at selling Ford trucks and bringing the Fiesta minicar to market...
...unglamorous and vaguely unpopular in the U.S. for at least several generations, is portrayed as all-purpose villain at the very moment when it should be stimulated to its greatest exertions. Communications across the barriers of attitude become difficult. Too many Americans cherish a doctrinaire repugnance for the free market. On the other side, too many business leaders and conservative ideologues, often oblivious to criticism, tend to talk and listen only to members of their own club. Meantime, the separate tribes of special interests fiercely pursue their own advantage, increasingly unwilling to compromise with one another...
...arms race is inflationary and wrecking the economy because it's putting dollars into the market and not goods and services. It's taking away from spending on basic human needs," she added...