Word: savers
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Dates: during 1980-1989
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Though the tourist flood will not crest until this summer, TWA agents in New York say their bookings for Super Saver European tours in the first quarter are three times as high as last year's rate. Atlanta's Osborne Travel Agency reports sales running 100% ahead of 1984 for the firm's $4,000 tours and 200% ahead for cheaper excursions. Says the agency's president, Phil Osborne: "Beginning as early as mid-April, people are going to find Europe virtually sold out." By now, the best hotels in Paris and London are all but booked solid...
...deferred Individual Retirement Accounts. San Francisco's Continental Savings of America (assets: $346 million) last week began offering an IRA with a difference. The S and L is giving women depositors an 11.5% interest rate on new IRAs, but only 11% to men. At the higher rate, a female saver will earn nearly $47,000 more than a male if both contribute the annual individual maximum of $2,000 for 30 years. Says Susan Loughridge, a Continental senior vice president: "It's our theory that women entered the work force later and haven't planned for their retirement. This...
Mudd Library features taller stacks with narrower aisles, a big space saver, and Yale has also installed compact shelving in its Divinity School library. But Mudd can only take another 500,000 books, which isn't enough to solve the space problem in the rest of its various buildings...
...Aimee Semple McPherson, soul-saver, returned to the U.S. (via Paris) from a trip to the Holy Land, with Bibles, lamps, some Palestinian garments (to wear in the pulpit of her Angelus Temple Church of the Foursquare Gospel) and bright yellow hair (it was reddish when she left the U.S.). While she whirled away on a 200-mile week-end trip through the Catskills, U.S. Customs agents checked her luggage, levied $138 against her in duties and penalties for undeclared imports. Sister Aimee bemoaned: "I never dreamed . . ." etc. Asked if she would pay, she replied: "Oh yes, if the country...
...been a saver since the fourth grade, I read with interest your article on the growing demand for a consumption tax [July 18]. I am sick and tired of a society that penalizes those like me who are thrifty. Worse, our nation's lawmakers reward my fellow citizens who indulge in big spending frivolities by not slapping them with a consumption tax. Our politicians should face up to the need for restructuring our tax system. It is no wonder that the middle class finds foreign bank accounts more and more appealing...