Word: yieldingness
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The chapter on solar energy, written by Modesto A. Maidique, a business school assistant professor, is unabashedly bullish: "Given reasonable incentives, we believe that solar could provide between a fifth and a quarter of the nation's energy requirements by the turn of the century." The Harvard researchers have...
Schat's score calls for a sizable chorus and a huge orchestra, heavy on brass and percussion (including steel drums). Stylistically he is what might be called a postserialist. Having explored the twelve-tone system in earlier compositions, he now works in a freely eclectic vein, yielding at times...
Last week Schlesinger hastened to make amends, and succeeded in getting still more deeply mired. He conceded that the dispute over the proper balance between crude stocks and refinery runs is a legitimate difference of opinion, and he softened the threat to take crude away from refiners who do not...
"Savings banks," says Saul Klaman, president of the National Association of Mutual Savings Banks, "have the worst of both worlds, high interest costs and disintermediation." Disintermediation is bankers' jargon for loss of deposits to higher yielding investments, such as Treasury bills. For a while, savings officials thought that this...
Top commercial bankers have campaigned to end the interest rate ceilings and the differential. But savings banks and savings and loan associations will fight fiercely to keep their little competitive extra. Already they are hurting. Outflows from their coffers into higher-yielding short-term securities amounted to more than $2...