Word: cd
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...same low rates have been the bane of savers -- particularly senior citizens -- who have watched their income from investments rapidly shrink away. A six-month bank CD that paid 8% interest a year ago now yields just 4.9%. "People are turning off their phones for a month to get by," laments Irene Farr, 73, a retired clerical worker who lives in a senior community in South Bend, Ind. "They just have no way to live. It's a dignified form of destitution." Moreover, the low rates that have caused such pain have so far failed to pull the economy...
Some American consumers have felt both edges of the interest-rate sword. Detroit advertising executive Bruce Wagner recently saved about $150 a month by refinancing his mortgage at a rate just above 9%. But Wagner agonizes over the need to shift his children's college-education money out of CD accounts to get a better yield. "I don't particularly want to," he says, "but I'm going to have to find something else besides what had been a very secure and comfortable way to save." Such dilemmas seem certain to grow more acute so long as interest rates remain...
...need an addressable cable box or a fancy monitor to beam in on the most exciting TV in the country. Even a screen is superfluous. All that's necessary is a tape deck or a CD player and a finely tuned ear. Let Public Enemy supply the images...
...Morrison does not make easy music, and he deserves more than easy answers. Especially now, when he has just released a new album, a 21-song, two-CD, 96-min. masterpiece, Hymns to the Silence (Polydor), that has actually crept onto the Billboard charts. It's no threat to Guns N' Roses, mind you, but at least it has made a showing. There's even a rumor that it's getting played on the radio...
Here in one neat -- not to say lovely -- package is the essence of why CD boxed sets are a blessing. FORTY YEARS: THE ARTISTRY OF TONY BENNETT (Columbia/Legacy) is a four-disc retrospective of one of the world's best song stylists. Not an act of autohagiography, like the current Barbra Streisand set, this 87-tune panorama showcases a singer who is as gracious with a melody as he is generous with his collaborators. Sinatra may supply more drama, Cole may have been cooler, but no one can get to the quick of a lyric with the easy emotion...