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Unformatted text preview: Mark Curtice English 125 section 56 Instructor Escuerdo Common Place book and writing journal I. 1. Expect money market mutual fund yields to fall three-quarters of a percentage point, to about 3.25%, within the next 30 days, says Peter Crane, president of Crane Data in Westboro, Mass. Money fund yields typically track the fed funds rate. It takes about a month for the funds' higher-yielding investments to mature, which the funds must then replace with new, lower-yielding ones. 2. In the words of Crane Data President Peter Crane, money market mutual fund rates are expected to decrease less than a point to 3.25%, within the month. Money fund yields correlate highly with the federal funds rate. And in the cycle of one month the fund’s higher- yielding investments mature, then the funds must be replaced with newer lower-yielding funds. The paragraph is from “USA Today” on their website at http://www.usatoday.com/money/economy/2008-01-22-fed- consumer_N.htm. I chose this article because it was a top story, that carried a high reader rating and I felt that I would be able to clarify some points and make them more accessible for other readers. For instance, I did not find the work residence of Peter Crane relevant or the wording necessarily the appropriately precise level. II. 1. There Will Be Blood and No Country for Old Men lead the pack with eight each after nominations were announced Tuesday morning in Hollywood. Atonement and Michael Clayton are close behind with seven nominations each. Joining them in the best picture category is Juno , which picked up four nominations overall. 2. Nominations for the Oscars were led by There Will Be Blood and No Country for Old Men , on Tuesday, each respective film has earned eight nominations in Hollywood. Atonement and Michael Clayton nearly matched those totals with seven nominations each. A long-shot in the race for best picture is Juno , which garnered four nominations in total. The story “Meet Oscar's class of 2008” from “USA Today” on their website at http://www.usatoday.com/life/movies/movieawards/oscars/2008-01-22- oscar-nomination-news_N.htm. I was first attracted to the article because I noticed that one of the movies I had watched No Country for Old Men was among the movies that was alluded praise. I wanted to show through my restructuring of the article, a realistic assessment of the opinions expressed; I took the approach of analyzing the movie Juno as unlikely due to its genre as a youth oriented film, and as a film that failed to become a true Blockbuster. I felt that the start of the last sentence “Joining…” made the sentence appear like to much of an afterthought to have relevance in the context of the others....
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- Winter '08
- English, federal funds rate, Market Mutual Fund, Open Houses, Money fund yields