Word: saverse
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Dates: during 1980-1989
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Walter B. Wriston, 61. Already well known as the chairman of Citibank, the U.S.'s second largest bank ($102 billion in assets), Wriston has replaced David Rockefeller as the premier spokesman for America's moneymen. A graduate of Tufts University's Fletcher School of Law and Diplomacy...
Money market funds have become a highflyer for savers. Like a bank, a money fund takes in deposits and pays them out on demand. But unlike a commercial bank, which is limited by the Federal Reserve to paying 5¼% interest, money market funds face no restrictions on the return...
One key trouble facing the S and Ls is that savers are no longer content with the meager 5½% yields on passbook savings accounts, which have long been the main source of money for lending by the thrifts. Instead, they are putting their resources into money market mutual funds...
Meanwhile, the already installed energy savers like insulation in the attic, a heating system that recovers 85 per cent of the heat from air before it leaves the building, individually thermostated rooms and adjustable-speed fume hoods may provide leads on how other buildings can save.
After the local newspaper published a story about Goiri in July, the cow-magnet craze struck Oregon, Idaho and Washington like gold fever. In ten days, Stocklin Supply near Portland, one of the largest animal health stores in the Northwest, sold 35,000 of the devices. It usually sells 15...