Word: saving
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Dates: during 1990-1990
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...withdraw funds from Membership Savings, you call a 24-hour 800 number and wait for the mail. Or for $10 you can get a 24-hour wire transfer. There is no other fee and no penalty if you fail to save what you said you would. O.K., you won't earn great interest, and you won't get a toaster, but you will earn 0.5% more than an average of what 100 other banks around the country are paying on money-market accounts. That average stands at 6.04%, so at the moment you'd be earning...
...fact is, almost anything that gets a nonsaver to save is a service, and for $50-a-month savers, 6.54% is a perfectly respectable rate of interest. The Amex plan is laudably efficient. Amex is already sending millions and millions of monthly bills and reply envelopes, already processing payments; millions of us are already having to pay those bills. Combining a savings deposit with the payment costs Amex next to nothing and saves us time, a check and a stamp...
...final thought on saving. People are worried that if we save too much -- and spend too little -- we'll throw the economy into a stall. And there's something to this. (Not much, but something.) But the long-term solution to that isn't to save less; it's to work harder or smarter. That way, we can both save and spend more...
...easy to condemn, especially by Joe, who loves and misses his father. But Joe blames no one. He watches and remembers, "When you are 16 you do not know what your parents know, or much of what they understand, and less of what's in their hearts. This can save you from becoming an adult too early, save your life from becoming only theirs lived over again -- which is a loss. But to shield yourself -- as I didn't do -- seems to be an even greater error, since what's lost is the truth of your parents' life and what...
...become a regional power. Its assets include oil reserves estimated at up to 4 billion bbl. and a new commercial capital at Aden. The once busy port has lost Western business since it fell into pro-Soviet hands, but refueling at Aden could come back into favor: it would save ships 2 1/2 days of sailing...