Word: distrusters
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...these steps have hauled GEICO back into the black, and the $75 million sale of preferred stock has rebuilt its depleted reserves, the company is likely to go on shrinking for a while. GEICO is still losing policyholders it wants to keep; some are failing to renew because they distrust the company's finances, others because they will not accept the stiff premium increases. GEICO sells homeowners' insurance as well as auto policies-and some mortgage lenders are demanding that householders switch to richer insurers as their GEICO policies expire. Counting the policies already taken over by other...
...countries and parties involved in the Middle East would have to tackle many additional problems after such a proposal is formulated. Issues such as the nature of the Palestinian state, territorial concessions, superpower assurances, mutual distrust, pervasive superpower penetration, and arms proliferation seem sufficient barriers to have discouraged leaders in the past from making a move in this direction...
...seemed, peace or more war hung in the balance. Bitter political enemies in Rhodesia met face to face for the first time in what may be a last chance for a peaceful transfer of power from the ruling white minority to the black majority. Despite the mutual suspicion and distrust that permeated the chamber, the fact that the four leading black nationalists and Rhodesian Prime Minister Ian Smith, a white, were willing to meet at all was at least one encouraging sign. Said Conference Chairman Ivor Richard, Britain's United Nations ambassador: "The impossible has now become a matter...
...society, as it was called, they were being asked to abandon, disassociate themselves from all that had formed and nourished them, to abandon all that for the dubious privilege of becoming an Afro-Saxon (a Black-white man.) And second class Black-white men at that. They began to distrust their "special admissions" and to feel that they were doing nothing but assuaging the white man's communal guilt. When, during the first two weeks of school, most of the conversation centered around the spectacular test scores of the white students, the minority students were compelled to slink away like...
...that mean that money traders believed the story rather than the denials? Not necessarily: it means that moneymen so distrust the pound's value that they will seize on almost any excuse to dump sterling. Said one banker: "No one who sold sterling believed that the story was true. They sold because they were afraid someone else would believe it." Even the rare bit of good British economic news cannot soothe these jitters. On Oct. 26 the British government reported that unemployment in September shrank by 78,000, to a total of 1,377,110. The news brought...