Word: saverse
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In the past, housing collapsed when interest rates rose, because mortgage lenders ran out of cash. Depositors would take their money out of savings and loan associations, which are limited by law as to how much interest they can pay, and put it into Treasury bills and other higher-yielding...
A T & T. In the past five years Ma Bell's business has grown by 44%, but its energy use has dropped 10%. Tiny electronic devices known as microprocessors, which are being installed to replace mechanical switching devices throughout the system, are proving to be considerable energy savers. To...
Isaac Bashevis Singer's constant readers know well what his books promise: the sense of returning home to a place and a time that few now living ever inhabited. Over the breadth and span of nearly 30 volumes, writing originally in Yiddish, Singer has resuscitated the Poland that existed...
For most consumers, rising interest rates are an ill wind: they inflate the cost of borrowing to buy or build. But, to bend a proverb, the rise may soon blow some good to one group: savers.
Members of TIME'S Board of Economists predict that the Federal Reserve soon will ease its Regulation Q and allow commercial banks to pay higher interest on passbook savings, which can be withdrawn at any time. Regulation Q now sets a ceiling of 5% on them. If that is...