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...usually in denominations of more than $100,000, at interest rates high enough to attract buyers. Not surprisingly, some of the biggest customers for the certificates have turned out to be none other than the money market funds. In sum, the more the passbook deposits in the banks have shrunk, the fatter have grown the money market funds, and the higher has climbed the cost to the banks of borrowing the money back again to stay in business...

Author: /time Magazine | Title: Business: Turmoil on the Money Front | 3/31/1980 | See Source »

...materials, designers often created buildings that aged prematurely and consumed heating oil as if it would cost 160 per gal. forever. With their budgets severely strained, school officials have paid only for the absolute necessities: soaring energy bills, teachers' salaries, research costs. As a result, maintenance budgets have shrunk proportionally, just as buildings and machinery have begun to fall apart. Georgia's state university system, for instance, estimates it needs $12 million annually to get the buildings on its 32 campuses back into shape, but last year spent only $2.25 million...

Author: /time Magazine | Title: Education: Dilapidation in Academe | 3/17/1980 | See Source »

...regularly uses the President's State of the Union message as an occasion to offer his own report on the state of black America. Last week's installment, like its predecessors, was grim. Describing blacks as "boat people without boats," Jordan said that their average wages had shrunk from 61% of white wages in 1969 to 59% in 1978. And despite the reports of a growing black middle class, the number of blacks in that category remained stationary at about 25% throughout the 1970s; so did the larger number of black poor...

Author: /time Magazine | Title: Nation: Minority Report | 2/4/1980 | See Source »

...uncertain. But the issue has not left voters' minds. A New York Times-CBS News poll two months ago found that 69% of the Democrats queried had a favorable opinion of Kennedy vs. only 19% unfavorable. A new poll published last week disclosed that the favorable figure had shrunk to 51%, while the unfavorable number had doubled to 38% -and those questioned who disliked the Senator repeatedly cited doubts about Chappaquiddick...

Author: /time Magazine | Title: Nation: The Tide in Ted's Life | 1/28/1980 | See Source »

...rich have always liked to assume the costumes of the poor. Take the American language. It is more than a million words wide, and new terms are constantly added to its infinite variety. Yet as the decade starts, the U.S. vocabulary seems to have shrunk to child size...

Author: /time Magazine | Title: Time Essay: 80s-Babble: Untidy Treasure | 1/28/1980 | See Source »

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