Word: passbooks
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...virtue of the fact that U.S. corporations are there. There are examples of companies that have modified their policies in South Africa or withdrawn under particular circumstances. Polaroid withdrew its manufacturing operation and instructed its distributor not to distribute its products to the government for use in the infamous passbook system. That distributor did not obey those instructions. Polaroid found out about it and severed its connection completely with South Africa, and I think appropriately. Several American banks which in the past have made loans to the South African government have ceased to make those loans and so announced...
Members of TIME'S Board of Economists predict that the Federal Reserve soon will ease its Regulation Q and allow commercial banks to pay higher interest on passbook savings, which can be withdrawn at any time. Regulation Q now sets a ceiling of 5% on them. If that is raised, the Federal Home Loan Bank Board also would have to permit savings and loans to pay more than their present 5½% maximum. Otherwise, savers would be tempted to pull out their money and invest it in Treasury bills and other paper that yield...
...lowest rate was offered by a Pasadena savings and loan. If the salesman had $2,000 or more in a savings account, he could borrow on his passbook and pay 1 % more in interest on his loan than he received in interest on his savings. The high-end 22% rate was quoted by a finance company in Los Angeles. Some rates in between...
...heavily on black labor (90% of total employment in both agriculture and mining, 68% in service industries). But because of the slump, black unemployment is approaching 2 million. Even the Afrikaans press is calling for reform, attacking the tough pass laws (requiring every black over 16 to carry a passbook at all times) as "unjust humiliation." In the meantime, however, South Africans have taken out more than 200,000 new firearms licenses in the past year, bringing the total to nearly 1.2 million for the 4.3 million whites. "If I had them," boasts a Johannesburg gunsmith, "I could sell...
Window Fall. Ray was a bungling burglar. In his first known job, he dropped his savings-account passbook and Army discharge notice in the Los Angeles cafeteria he had broken into. Chased on foot by police after robbing a Chicago cab driver, he fell through the basement window of a house. In a dry-cleaner burglary in East Alton, he was surprised re-entering the place for more loot by cops who had noticed the window ajar. After stealing postal money orders in Illinois with a friend, he left a trail of poorly forged cashed orders and was caught. During...