Word: withdrawal
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...said that even if Blacks in South Africawere shown to oppose a U.S. corporate presence inthat country, such opposition would notnecessarily cause Harvard to divest, only topressure companies to withdraw their operations...
...Administrative Board's decision yesterday to force seven freshmen to withdraw for a year for sabotaging the College's computer system has prompted Weld North's roughly 90 residents to write a letter of protest to a top College administrator...
Meanwhile, following the shooting of a U.S. embassy employee in Khartoum, Sudan, the State Department yesterdaysaid it planned to withdraw large numbers ofAmericans, mostly dependents of diplomats, fromthat country. It acted out of concern over theshooting and an influx of Libyans into Sudan...
Some of the operations offer just savings and checking accounts and personal loans, but others are more sophisticated. Through Connecticut Bank & Trust, for example, the 2,500 members of the University of Connecticut credit union can use electronicbanking cards to withdraw money at any of the bank's 196 cash machines. At Georgetown, the campus credit union is making tuition loans...
Besides enjoying the tax deferral, IRA savers can watch their investment compound over the years. If a 30-year-old worker makes a $2,000 annual contribution for 30 years to an IRA earning an average of 10%, the account will balloon to $468,580. Those who withdraw their money before age 59 1/2, however, must pay taxes on the amount taken out, as well as a 10% penalty, which can make IRAs an unwise investment for consumers who think they will need the cash on hand...