Word: minimum
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Dates: during 1970-1979
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...under the aegis of his brothers and then in the Senate. He became a Senator in 1963 at the age of 30, almost inheriting the seat that had once been held by his brother Jack and then kept warm by a Kennedy lieutenant until Teddy reached the Senate's minimum legal age. ("If your name was Edward Moore your candidacy would be a joke," his defeated Democratic rival said bitterly during the 1962 primary campaign...
...emphasis was not given to fundamental understanding of the reactor and little time was devoted to instruction in the biological hazards of radiation. The content was left to the instructors, who had no greater formal education qualifications than those of their students.'' In fact, there is no minimum educational requirement for control room operators...
...preserve capital in a time of double-digit inflation and depressed stock prices? Frustrated savers and unhappy investors are turning to the same solution. In record amounts, Americans are buying into the relatively new money market mutual funds. They offer minimum risk and yields of 10% to 13%, double or more the low rates set by the Government on passbook savings accounts...
...idea of investing in this money market is hardly new, but the minimum stakes are so hefty that trading used to be done only by rich people, corporations and institutions looking to park their idle cash. This discrimination has been ended by the swelling number of money funds that have been formed by mutual fund companies and brokerage firms to pool small investors' assets. Since the returns rise along with surging interest rates-and the highest bank prime lending rate rose to 15¼% last week-money market funds are booming. About 75 such funds now handle nearly...
Most funds demand a minimum initial investment, which generally ranges from $500 to $5,000 but can be partly withdrawn once the account is open. The funds make money for themselves by paying out to shareholders slightly less interest (usually one-half of 1%) than the investments earn. One of the most appealing features is liquidity. Nearly all offer instant withdrawal without penalty, and most allow shareholders to write checks to third parties against their investment balance, thus ensuring that savings earn interest right up to the day the check is presented for payment. Still others offer credit lines...