Word: money
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Dates: during 1960-1969
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...electric bills-paid automatically out of his account. If the recipient also has a Giro account, the computer will simply credit the payment to him, and there will be no charge for the service. If he does not have an account, the post office will mail him a money order and charge the payer 9?, compared with a bank's usual charges of 12? to 16? for a check. Every time someone makes or receives a payment, the post office will send him a record of the transaction within 24 hours, plus a full statement of the account...
...people are expected to become heavy patrons of the system because they feel so much more at home in Britain's 23,000 post offices than in its 5,000 banking outlets. Britons commonly go to the post office to make deposits in postal savings accounts and buy money orders for such things as bets in the soccer pools...
...long time. It is also the latest effort in the British post office's drive to turn the venerable institution into an aggressive, profit-making enterprise. Giro Director John Grady hopes to pay for operating costs and also make a neat profit by investing the pool of money created by Giro's constant flow of deposits. He expects that the new service will attract about 1,500,000 customers and $450 million in deposits within a year...
...City outlets are currently being remodeled to make their liquor-dispensing bars just as conspicuous as the familiar soda fountains. Such changes are aimed mainly at the 35-to-40 age group. "Our surveys show that these people are good spenders," says Shattuck. "They may not have very much money, but they spend...
...time when the balance of power and influence was shifting from the effete East to the still raw and resentful Midwest. The financial panic of 1893 was in the making. The Populist movement was galvanizing Westerners and farm folk everywhere into a struggle against big money and big-city interests...