Word: cds
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...major manufacturers, Sony and Magnavox, are introducing a limited number of digital record players in audio and department stores across the U.S. The machines, which retail for $800 to $1,000, use a laser beam instead of a conventional tone arm and stylus to play compact discs, or CDs, that are only 4.7 in. in diameter and will sell for about $17. Says Dan Davis, vice president of the National Association of Recording Merchandisers: "There is a consensus that this is perhaps the most exciting of the breakthroughs in the field, including the LP and stereo...
Alan Greenspan, 53, economist, New York City. "First plant cash in short-term CDs, and then plan what to do with it later. Move the money out only if you find better yields elsewhere...
...much interest they can pay, and put it into Treasury bills and other higher-yielding paper. But lately mortgage lenders have developed new financial gimmicks that enable them to compete for funds, even when money gets tight. One innovation: high-interest certificates of deposit (CDs), with a yield that is one-quarter of a point above the Treasury bill rate at the time of purchase. In July and August alone, mortgage lenders sold $27 billion of these new CDs to savers...
...this week's elections to Portugal's new Assembly of the Republic, the first time in 51 years that the Portuguese had chosen their own lawmakers freely. Buttressed by the overt support of a Catholic Church which succored the old Salazarist regime, the right-wing Social Democratic Center Party (CDS) received about 16 per cent of the vote, while the more moderate rightist Popular Democrats garnered about 24 per cent. These parties stand, at best, for a freezing of revolution and opposition to the increased power of the landless peasants of the Allentejo and factory workers, and at worst...
...grant a loan only to a borrower who could prove that he did not need one. That, at least, is the central argument of Walter Wriston, the strongest champion and exemplar of the new banking. Under Wriston, Citibank has led in international expansion, computerization and the use of large CDs, and it was one of the first to appreciate the diversification possibilities of holding companies. (Citibank today is officially a subsidiary of Citicorp, a holding company also headed by Wriston, which is involved in mortgage banking, leasing and financial consulting, and runs 148 consumer-loan offices in 19 states through...