Word: thrift
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...Black work" and a thrift ethic help them handle those prices...
Once again, it is hand-wringing time at the thrifts. With a 13% inflation rate, people are being driven into investments that offer more than the paltry 5¼% or so that savings banks and savings and loan associations are allowed to pay on passbook accounts. The result is that these traditional homes of the small saver are fairly scrambling for deposits. New customers are being lured by both familiar freebies (toasters, tickets to shows) and new appeals. For example, New York's big Bowery Savings Bank (assets: $5 billion) now has its longtime pitchman, Yankee Slugger Joe DiMaggio...
...Canada. The Emmanuel Baptist Church has opened its doors to offer shelter, and this morning the church ladies are dishing up a free hot meal in the auditorium. "When we realized there were no rooms at the motel and bad weather in all directions,"recalls Church Mem ber Russell Thrift, "we told the boy down at the gas station to let folks know they could stay at the church. We did the same thing last year. Every time this happens, when folks are gone we find checks here and there, tucked into the pulpit or the music stand." A sign...
Hookers, happy or otherwise, do not necessarily lack the puritan virtues of hard work, thrift and capital accumulation. Nevertheless, Lasch, a history professor at Rochester University, legitimately finds cracks of doom in our sanguinity. His thunderings shrivel our "ironic detachment," his term for a sense of humor...
...President chooses to concentrate on thrift and budget cutting during the second half of his term, he may have only minimal difficulties on Capitol Hill, and it could be argued that the disappearance of both liberals and some conservatives has put the Democrats more in line with Carter's personal position. But if Carter tries to push new spending programs or controversial foreign and defense policies, he is bound to face more flak from the 96th Congress than he did from the disruptive 95th. That applies particularly to the Strategic Arms Limitation treaty, for even Senate Majority Leader Robert Byrd...