All Savers Certificate fades after initial boom
Washington AP reports millions rushed to buy the All Savers Certificate last October, but six month sales totaled 49.1 billion well below forecasts as competition from tax deferred IRAs and lower yields erode demand. Authorities note limited individual benefits, no clear housing uplift, and only 1 million homes expected in 1982.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Congressional
Congress
TV Ad Sparks Fallout Between Mail Carriers
Washington AP report notes a private overnight carrier reexamines a TV ad showing USPS clerks chatting about pensions while a customer seeks help. Postal Service unions call it insulting. Federal Express chief says ad jokes a competitor, may be removed at postmaster general’s request while defending workers overall.
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Washington
U.S
Postal Service
Frederick W. Smith
Federal Express
Memphis
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