Word: rated
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Just a week after President Bush unveiled his plan to bail out hundreds of insolvent savings and loans, some of them took a turn for the perverse by getting into a costly new interest-rate war. Houston's Commonwealth Savings cranked up the rates it pays on six-month "jumbo" certificates of deposit (typical size: $100,000) from 9.6% to a hefty 10.75%. In California, Pasadena's BancPlus Savings followed suit with a 10.5% six-month rate. One reason for the feverish run-up was the need for the thrifts to compensate depositors for the perceived risk of putting money...
...widening the losses at insolvent S & Ls, the rate increases may drive up the cost of the federal rescue, which under Bush's plan could cost $200 billion during the next three decades. By week's end, though, the ailing S & Ls began to show some restraint. Rates on six-month CDs fell to 9.5% at Commonwealth and 10.1% at BancPlus...
...want to penalize young drivers for being accident prone (But why? They'll get older -- it all evens out), we can do that automatically too. Just include a surcharge on their driver's-license fees. Penalize city dwellers for their higher rate of claims? Sure, but do it automatically, by basing the amount of the deductible on the place the accident occurs: higher in cities, lower in the country. (This would also foil urban drivers who cheat by registering their cars in the boondocks...
...payment on a $117,500 three-bedroom home that they bought last September in Skokie. "The house has no garage and no driveway," says Dribin. "The bathroom's miniature, and the whole place is smaller than our apartment." To finance the deal, the family took out a 7.75% adjustable-rate mortgage that can jump as much as 2 percentage points a year if interest rates move up rapidly. "It's a little chancy," Eysenbach concedes, "but as the kids get older, I'll be able to work and earn more. As it is, this was the only way we could...
...with early action applicants admitted at twice the rate of the regular action group--and more than 90 percent of those admitted early historically choosing to attend Harvard--the characteristics of the resulting third of each freshman class are not easily overlooked...