Word: mutually
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Dates: during 1980-1989
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Government regulation limits the interest that can be paid on passbook accounts to 5.25% at commercial banks or 5.5% at savings and loan associations or mutual savings banks. Those ceilings are supposed to be eliminated by 1985, but plans to get rid of them sooner have foundered because of opposition from banks and S and Ls. Raising the interest-rate limit by just 1% would cost the troubled savings institutions an estimated $1.8 billion annually. This week federal regulators will discuss a proposal to double the interest rates on passbook accounts to 10.5% for banks...
Browne said Britain had to build up its "technological base" to improve its economy and bolster its defense. "I believe in increasing interdependence, and peace above all. But peace through strength is the only answer to nuclear proliferation. Otherwise, we'll never have mutual respect...
Today's high rates would not have been welcomed by anyone a few years ago, when the legal ceiling on interest the average saver could earn was the meager 5.5% paid on a passbook account at a savings and loan association or a mutual savings bank. The level is established by the Government. But financiers have been very creative in developing new high-yield deposits. Starting next month, for example, the new All Savers Certificate that was approved by Congress last summer will pay 12.61% tax-free for up to $1,000 in interest for an individual...
...point, for the two countrymen have done a remarkable job of avoiding head-to-head confrontations while assaulting the record books by themselves. The origin of their mutual dislike is obscure, but its effect on the sport is not. New records for the mile were a rarity in the years after Roger Bannister broke the 4 min. barrier in 1954. American Jim Ryun's 1967 record of 3 min. 51.1 sec., for example, endured for eight years. This year Coe and Ovett have batted the record back and forth like a Ping-Pong ball. In a mere ten days...
...attitude toward the Palestine Liberation Organization: he is now publicly calling for the P.L.O.'s inclusion in the peace process and for its recognition by both the U.S. and Israel. He argues that the cease-fire between Israel and the P.L.O. in Lebanon last month constituted tacit mutual recognition. "I was stunned," he says, "when I learned that [P.L.O. Chairman] Yasser Arafat had said the P.L.O. would respect the ceasefire. We must base our next step on this breakthrough...