Word: offerred
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Dates: during 1970-1979
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...only comment from the Faculty on the report came from Karl W. Deutsch, Stanfield Professor of International Peace. Deutsch asked that the proposed center on teaching also be called a center for learning. "Not only do we need people who know how to offer a good menu, we also need guests who know how to order," he said...
Tiant, 38, entered the free-agent draft when the Red Sox management refused to offer him anything more than a one-year contract, because of his age. The herky-jerky motioned pitcher was not selected until the eighth round and by only one team--the Yanks...
Though banks in most states are still not authorized to offer NOW accounts, they will spread to the New York State market soon, as a result of an amendment that was unexpectedly passed in the hectic last days of the 95th Congress. Consequently, Citibank and Chase Manhattan have scrapped plans to offer PATS in favor of NOWs, and Chemical Bank and Manufacturers Hanover, which introduced PATS last week, plan to switch soon. Says Robert Lipp, head of Chemical Bank's metropolitan division: "NOWS are less confusing and cleaner. They are clearly...
NOWs are easier to understand, but they do not offer any great advantages over PATS. NOW accounts too are advantageous mainly to those who can maintain big balances, though the break-even point may be somewhat lower than with PATS. Under Citibank's plan, for instance, a depositor will earn 5% interest on the money he keeps in a NOW account and if he maintains a total balance of at least $3,000, pay no service fee. But if the combined balance drops below that, he must pay a charge...
Whatever system eventually prevails, interest-bearing checking will spur another round of bank competition for new business and bite into bank profits. California's Bank of America, which is offering PATS at its 1,100 branches, reckons that the interest it will pay to PAT depositors will total $30 million annually and slice about 7.5% from earnings. Savings and loan association officials are also worried about this new round of competition for the savings dollar. Many are desperately hoping they will be allowed to offer checking-with-interest accounts of their own or other services that may help curb...