Word: thrifts
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Dates: during 1980-1989
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...were 15 cents, cashmere sweaters 35 cents, and most overcoats $1.95. Don't be put off by the inside of Valu Village-yes, it does look like an airplane hanger, and the bus station crowd will be spending a lot of time creaming at each other. This is what thrift shopping is all about...
While FDIC officials were shuttering the failed Kansas bank, regulators from the Federal Savings and Loan Insurance Corporation, the thrift-industry counterpart to the FDIC, were in California to liquidate the San Marino Savings and Loan Association, whose failure the previous week threatened to cost the FSLIC $193 million, a record loss. So far this year, nine S and Ls have failed, and an additional 17 have been merged with stronger competitors. FDIC Chairman William M. Isaac, who has told the White House that he would like to leave office early next year, warns that if interest rates head back...
...Currency Conover gave the movement a boost this month by approving permits for 83 so-called nonbank banks. These are institutions that can take deposits and provide all other financial services except making commercial loans. Banks have also tried to boost their share of the mortgage market by acquiring thrift institutions, the traditional source of home loans. Last January Citicorp, for example, bought Chicago's troubled First Federal Savings & Loan ($4 billion) and Miami's New Biscayne Federal Savings ($1.9 billion...
...England land farmer; in Montpelier, Vt. A blunt-spoken maverick whose liberal views often nettled his party, Aiken led efforts to bring electricity to rural America, to build the St. Lawrence Seaway and to create the nationwide food-stamp program. His campaigns were noted for their thrift. Expenses often totaled less than $20-for stamps to send "thank you" letters to people who had, unasked, circulated his reelection petitions. Aiken became famous for suggesting in 1966 that the solution to the Viet Nam War was for President Johnson simply to declare the U.S. the winner and then retreat...
...Thrift and Orgonomists...