Word: saverse
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Dates: during 1980-1989
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Since the beginning of airline deregulation in 1978, U.S. airlines have engaged in several costly and sometimes disastrous battles over fares. Last week the skirmishing resumed as American Airlines slashed prices on more than 2,400 routes by as much as 70%. Within 24 hours, American's new Ultimate Super...
Throughout most of American history, bank failures occurred with dismal regularity, and consumers had no protection from them. Even in the booming 1920s, banks closed at the rate of about 500 a year. The failure rate rose sharply during the four years following the 1929 stock-market crash, when a...
The problem is that hot money knows no loyalty. At the first hint of trouble, rumored or real, these depositors tend to yank their funds. Says William Ogden, who was installed by Government regulators in July as chairman of Continental Illinois: "A modern run on a bank doesn't...
Many of the big revenue increases result from the repeal or postponement of pending tax cuts from earlier legislation. The 3% federal levy on telephone bills and present tax rates on inheritances, gifts and "windfall" oil discoveries will all be kept for at least three more years. Under old law...
Ronald Reagan's godly fervor has been building during his three White House years, and there are moments now when he seems to be more a man of the cloth than a man of politics. He unabashedly tells people he is giving his remaining years to the Lord. Not...