Some Bemoan Interest Rates For Small Savers
An opinion piece surveys small savers and high rates, arguing the public debate over access to money-market funds and interest-rate rules. It includes a multiple choice quiz noting pro and con positions, concluding that removing inducements is not a solution.
MENTIONED IN THIS ARTICLE
S&l
Paree
Congress
Vegas
America
Money market funds spur growth reshaping savers landscape
An analysis notes the rapid rise of money market mutual funds since their 1972 SEC debut, driven by perceived safety, diversification, check writing, and convenience. It contrasts big growth in affluent and institutional assets with limited share held by savers under 10 000, and questions traditional institutions facing new competition. A quiz on fund dominance and potential regulatory responses follows.
MENTIONED IN THIS ARTICLE
Securities and Exchange Commission
U.S
Treasury
Thrift Shops See Rising Sales Across Nation
Goodwill and Salvation Army thrift shops report steady growth as inflation lifts demand for secondhand clothing. Public relations head Mollie Haines notes shoppers stretch dollars and a shift from stigma to savvy shopping. Col. Raymond Howell adds that thrift shop sales are rising nationwide.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
Mollie Haines
Washington, D.C
Goodwill Industries of America
Ms. Haines
Goodwill
Virginia Knauer
Reagan
The
Salvation Army
Arlo Wagner
Commerce Department
Col
Raymond Howell
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