Deregulation Opens New Flexible Bank Certificates
The AP reports that federally insured banks may pay any interest rate on CDs with 32 days to 2 years, set own minimums, and use any compounding method starting Oct 1. Changes aim for evolution, not a rate war, with critics urging clearer disclosures and consumer protections.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
Allan Friedman
U.S. League of Savings Institutions
Charles E. Schumer
D-N.y
Savings League
Depository Institutions
U.S. Treasury
Glenn faces backlash after ERA remark at NOW convention
At the National Organization for Women gathering in Washington John Glenn drew boos by saying ERA opponents outworked supporters. He later clarified that he meant national leaders and party supporters must keep pressing for ERA passage while NOW, Mondale and other candidates discussed women’s rights and potential female running mates.
MENTIONED IN THIS ARTICLE
Washington
John Glenn
National Organization For Women
NOW
Ohio
Elizabeth Cady Stanton
Glenn
Dark Horse
Gary Hart
Colorado
Florida
Reubin Askew
Walter F. Mondale
Judy Goldsmith
Ms. Goldsmith
Eleanor Smeal
Chicago Teachers Strike Shuts 596 Schools Citywide
Chicago teachers union escalates a walkout after wage talks fail, idling 420,000 students. Officials activate an alternative education plan with city agencies, while 12,000 nonteaching staff join the strike. Union cites offers of 1.6 to 4.8 percent raises paired with large teacher layoffs.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Teachers Union
Robert Healey
Ruth Love
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