Word: six-months
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...load of more than $1 trillion. Yet even credit crunches create opportunities, and some canny consumers have found profits in the vortex of soaring interest rates. A Detroit magazine editor, for example, now sends his savings across the border to invest in the Canadian Bank of Nova Scotia, where six-month certificates yield 17.5% and up, or 2% more than is available Stateside. Two daughters of an affluent Birmingham, Mich., physician used $14,000 in low-interest Government student loans (see box) to invest in real estate and bank certificates. One of the most popular gambits in the new scramble...
...depositor willing to part with a minimum of $10,000 for six months an opportunity to earn a rate of return more or less equal to the money market funds. The new superrate was keyed to the interest that the U.S. Treasury must pay for its weekly sales of six-month bills to finance federal debt. This has helped slow the outflow of deposits, but in the process has forced up the cost of depositor funds to higher levels than ever...
While wage and price controls are still anathema to the vast majority of economists and White House policymakers, a rising chorus is beginning to demand their imposition. Senator Edward Kennedy has centered the economic proposals of his presidential campaign on a six-month wage and price freeze. Barry Bosworth, who directed the Carter inflation guidelines program for two years, now favors mandatory controls. Even a number of conservatives are reluctantly swinging toward controls. Brookings Institution President Bruce MacLaury now supports wage and price restrictions, and Wall Street Banker Henry Kaufman says controls can make a "marginal contribution" in fighting inflation...
University Secretary Henry Chauncey, who oversees the police department, fired Natalie Podryhula in November after studying the accusations against her. Podryhula denied the charges and two weeks ago a grievance panel decided firing was too severe a penalty and instead imposed a six-month probation and one-month's loss of salary...
...example, that an Iowa farmer expects to harvest 50,000 bu. of corn in six months' time. By checking with his broker, he finds that the six-month future price of corn is $2.75 per bu. The farmer calculates that $2.75 per bu. for his crop would be a fair price, so he guarantees that he will get it by "hedging," or agreeing in advance to sell a contract for 50,000 bu. at that price in the futures market. This protects him against a drop in grain prices...