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Banks and S and Ls can pay on the A.s.C.s up to 70% of the average interest on the most recently issued one-year Treasury bills. On the basis of last week's Treasury offering, the yield on the accounts in early October will be 12.61%. The A.s.C. is more attractive than money-market funds for some investors because the first $1,000 an individual earns on it ($2,000 for a couple) is tax free...

Author: /time Magazine | Title: The Great Savings Scramble | 9/14/1981 | See Source »

...daughter's death, Vadala, who had dropped out of school after the seventh grade and had only recently passed a high school equivalency test, began reading medical texts, looking for clues. Then, thinking she could learn even more by working at a hospital, she began a one-year course to become a licensed practical nurse. The program offered on-the-job training at Baptist Hospital; when she graduated she joined the staff. In her free time, she inquired about procedures and the doctors who had cared for Becky...

Author: /time Magazine | Title: Medicine: Mother's Quest | 8/31/1981 | See Source »

Some moderates and liberals blamed the loss on the leadership's auction-block approach to shaping a tax bill. Led by Arizona's Morris Udall, a handful of liberals had proposed an alternative one-year tax cut that was easily voted down. Said John Conyers of Michigan: "We can't out-Republican the Republicans and then beat Reagan." Other Democrats were ready to punish the party rebels, such as Texan Phil Gramm, who sat in on Democratic budget caucuses while working with the White House, and Hance, who not only co-sponsored Reagan...

Author: /time Magazine | Title: Yeas 238-Nays 195 | 8/10/1981 | See Source »

...foot, three-inch left-hander, reached last night at his Marblehead home, said he signed two one-year contracts, and was given a "substantial" bonus for signing...

Author: By Charles W. Slack, | Title: Pats Sign Brian Buckley For Multi-Year Contract | 7/17/1981 | See Source »

...annual meeting of Southern Baptists last week in Los Angeles, Smith was up for a second one-year term. Though re-election is supposed to be automatic, he faced an unprecedented campaign to remove him from office...

Author: /time Magazine | Title: Religion: Bible Brouhaha | 6/22/1981 | See Source »

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