Word: interest
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Dates: during 1970-1979
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...need congressional authority and, as the debate raged on Capitol Hill, businessmen would rush to raise prices to get in under the wire. Further, board members argued, controls would not affect three major sources of price increases: OPEC; Federal Reserve Chairman Paul Volcker, who does so much to set interest rates; and God, who creates the weather that determines the size of harvests...
...original $1,000 in those almost pure silver coins was worth $16,300. But anybody who had put his money in a savings bank was a sucker; a $1,000 deposit declined in real value during the year to about $900, after inflation and taxes on the interest receipts...
...that seems to be spreading through the Middle East. They are trying desperately to bend with the wind. Bahrain, long known for its easygoing Western ways-it is one of the few countries in the area where liquor is sold-has, in deference to Muslim tradition, just opened an interest-free Islamic bank and banned male hairdressers from attending to women. The Amir of Kuwait has promised that his country's national assembly, "suspended" since 1976, will be reopened next year...
Though all this takes much time to set up, the talk is at least drivel-free in a way the pompous Star Trek is not, and interest is sustained by Peter Ellenshaw's marvelous effects and designs, particularly of Schell's ship; in its amusing mixture of the plush and the technological, it recalls Captain Nemo's submarine in Disney's 20,000 Leagues Under the Sea. But it is when the visitors have to start fighting their way out of Schell's clutches that the picture begins to take...
...price spiral is also sustained by a vastly increased public interest in art. More than 175 million Americans visited museums last year. Americans are better educated and more intrigued than ever with objects of lasting value. They share a hunger for possessions that have not been stamped out en masse for a homogenized society. They are beginning to emulate upper-crust Europeans, who have always invested disposable income in tangibles. Says Sotheby's Wilson: "We live in such difficult times that the art of the past is somehow reassuring. It can even be an alternative to religion." For many...