Word: saversion
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
TIME SAVERS
If Carson created a nation of political cynics, he has also fostered a nation of show-business insiders. Not simply because of the parade of Hollywood celebrities who troop onto his show each week, but because of the , intimate, conspiratorial style of his TV persona. What Carson discovered that set...
The man most responsible for fueling the rally was Alan Greenspan. The Federal Reserve chairman engineered a drastic drop in the discount rate, which is what the Fed charges banks for borrowing money, from 7% at the beginning of the year to 3.5% at the end. Besides giving the economy...
Yet the same low rates have been the bane of savers -- particularly senior citizens -- who have watched their income from investments rapidly shrink away. A six-month bank CD that paid 8% interest a year ago now yields just 4.9%. "People are turning off their phones for a month to...
Happy borrowers and disgruntled savers are among the winners and losers of Washington's singular reliance on interest-rate cuts as the main tool of economic policy. With the federal deficit expected to reach $350 billion in 1992, politicians are reluctant to cut taxes or increase spending in a way...