Word: saversion
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Neither a borrower nor a lender be-the real bread is going to the savers.
Thus might a hip Polonius summarize the frenzied rise in U.S. interest rates. Last week the biggest U.S. corporations had to pay a record-and painful-8¾% to borrow from banks.* Some banks will raise that "prime" rate further to 9% this week; it could go higher still, perhaps...
>Abolish, over 5½ years, all ceilings on the interest rates that banks and S and Ls can pay to savers. The savings institutions could then pay, even on ordinary passbook accounts, any rate that they thought necessary to attract money. They can do this now only on $100,000...
Nervously tonguing Life Savers, but seemingly assured in his devastating details, Magruder openly admitted that earlier he had repeatedly lied to the FBI, the Watergate grand jury, and at the Washington trial of low-level defendants, to keep the scandal from touching the White House. But now, apparently remorseful as...
Extra Fees. Some contractors, though, worry that they may not pull out of the dive on schedule, even when the present oversupply of new dwelling units in some areas has been filled up. The reason: increasingly tight money. As consumers continue to fuel the present surge in retail buying, and...