Word: ratings
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Dates: during 1970-1979
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Isaacs added that he believes Kilbridge "has changed the CRP from a design school to a third-rate urban economics school...
...Pennsylvania Avenue, but Moynihan's question reflected Washington's increasing sense of dissatisfaction and disarray. Indeed, as the week's end brought some expert claims that the U.S. has already entered a recession even though the Consumer Price Index rose in April at an annual rate of 14%, Carter himself may have felt like a man on the wrong side of the walls of Jericho...
...troublesome insurgency. And oil. While hardly in the class of Saudi Arabia, Iraq or Iran, Oman does produce about 350,000 bbl. per day, with an income of $1.2 billion a year. It is the twelfth largest oil-producing nation in the world, and at its present rate has proven reserves for nearly half a century...
Federal interest rate ceilings limit the payout on their passbook accounts to 5% in commercial banks and 5.25% in savings institutions, which is less than half the current rate of inflation-and much less than a higher-roller gets for investing $ 1,000 or more in a money market mutual fund. The small saver's squeeze is summed up in a Citibank anti-ceiling advertisement: "Deposit $500 with us today and we'll give you back $475 next year...
Last week savers got a powerful lift, and so did the cause of capital formation, when President Carter called for a phasing out of interest rate ceilings. This deregulation would have the additional effect of eliminating the differential between commercial banks and savings institutions. The President also recommended that all federally chartered banks be authorized to offer interest-bearing checking accounts. To offset some of the cost of the higher rates for the savings bankers, who lend out their money at long-term fixed rates, Carter suggested that they should be allowed to 1) make some shorter-term, higher-interest...