Word: sutton
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When he was asked why he robbed banks, Willie Sutton reportedly gave the legendary reply, "Because that's where the money is." If Sutton were still alive, he might be robbing money-market funds. In the past three years, Americans have put $113 billion into money-market funds, often by taking their cash out of low-interest savings accounts. The increasingly popular money funds pay high interest (last week an average of 16.9%) by investing in short-term securities like U.S. Treasury bills...
Oklahoma Democrat Jim Jones, who has proposed a Democratic alternative to the Reagan budget cuts, ran into criticism of reduced federal aid to education as he traveled through his conservative district, which includes Tulsa. At a breakfast with school administrators from the Tulsa area, Superintendent James Sutton attacked the cutbacks, and predicted: "We can probably survive for one year, but after that, our school district will be reduced to mediocrity, or worse...
...lineup has one big gap: Pitcher Don Sutton, the alltime Dodger leader in victories (230, against 175 losses), joined Houston as a free agent during the offseason. Says Garvey: "You hope that the whole staff can combine to take up the slack. And we have some good young pitchers coming along...
Keylor's successor is Kelso F. Sutton-not much of a musician but a tested manager. Sutton, who came to Time Inc. in 1961 after graduating from Harvard, served as TIME general manager before becoming a Time Inc. vice president and the corporate circulation director in 1972 and publisher of SPORTS ILLUSTRATED in 1978. He is committed to maintaining Arthur Keylor's heady pace. Citing his former boss's role as a leader in one of the country's "few remaining growth industries," Sutton says, "we intend to stay well ahead of the pack...
DEATH REVEALED. Willie Sutton, 79, master of meticulously planned bank robberies, whose ingenious disguises earned him the sobriquet "the Actor"; of a stroke; on Nov. 2; in Spring Hill, Fla. Sutton, who stole an estimated $2 million during a period of 35 years and broke out of three prisons before completing his final sentence in 1969, once said: "I was more alive when I was inside a bank, robbing it, than at any other time in my life...