Word: yieldingness
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Fearful that inflation will continue and prices will keep falling, many once traditional bond buyers are investing elsewhere. Pension funds and insurance companies are putting more of their millions in the stock market; retirees, widows and other coupon clippers are switching into the safer and high-yielding money market funds...
The country's petrochemical future contains several other question marks. The most troubling is crude oil supply. In 1985 the petrochemical industry will need approximately 330,000 bbl. per day of oil. Estimates of China's total reserves vary from a respectable 20 billion bbl. to a Saudi...
Worse than the high interest rates is the sheer shortage of mortgage money. Usury laws in two dozen states limit interest rates to below 13%. Thus many banks and savings institutions have stopped making loans because it is impossible for them to earn any profit. Traditional lenders are also running...
Daniel Maguire, theologian, Marquette University, and a former priest: There is a certain amount of what I call "Italianization" going on in this country. The Italians have always tended to wear their Catholicism somewhat loosely. They identify with it, but they are selective in what they take seriously. In America...
Precise details of the process are state secrets, but the general outlines are known. To extract the oil, the Sasol plant burns coal with oxygen and steam in a big cylindrical vessel until a gas forms above the ashes. Once the gas is cleaned of impurities-yielding valuable chemical byproducts...