Word: mutual
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Dates: during 1950-1959
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...Moscow, said Kekkonen, was preparing to let Finnish lumbermen float log rafts down the Saimaa Canal, which connects their inland lakes with the Baltic, a canal which Russia annexed in 1947. Russia's only condition, said Kekkonen, was that Helsinki should "continue to follow a foreign policy of mutual assistance and friendship between the two countries...
Other reporters who thought that members of the Administration had "embraced McCarthyism" pointed mainly to five examples to support their belief: 1) State Department Security Chief Scott McLeod has "exercised his authority in a way that pleased Senator McCarthy," 2) failure of the White House to back Mutual Security Director Stassen in his fight with McCarthy over Greek shipping, 3) distribution by the Republican National Committee of the Jenner subcommittee report on subversion in Government, 4) use of "McCarthy and his activities" by the Republican Party at political rallies, 5) failure of the Administration to denounce McCarthy and his tactics...
Among the mutual fund companies, the Investment Trust of Boston is small (assets: $8,600,000) and relatively little known. But it has a notable record. Founded in 1931 by President Ernest Henderson and Vice President Robert Lowell Moore of the Sheraton Corp. of America, Investment Trust of Boston put its capital into real estate and closed-end investment trust shares, then dirt cheap. In the last ten years, its shares have increased in value by 1,220%, more than those of any other U.S. investment trust. But little effort was made to sell its shares until recently...
Under the plan, an investor agrees to buy up to $10,000 worth of the trust's shares with monthly or quarterly installments over any period from ten months to ten years. (He can stop his program at any time, without penalty.) In addition to buying mutual fund shares (at net asset value plus an 8½% commission), his installments pay the premiums on a term group life insurance policy, written by the John Hancock Mutual Life Insurance Co. and covering the unpaid balance of his investment program. A maximum 50? custodian and accounting fee is also deducted from...
Speaking in Buffalo, Dr. Ralph E. Lapp, director of the Nuclear Science Service, blasted the deterrent theory as a doctrine of "peace through mutual terror." Instead of assuring peace, said Lapp, possession of retaliatory atomic-thermonuclear weapons by both sides will create an "utterly unstable" situation in which one side or the other might attempt to strike a devastating first blow. Therefore, the nation needs both "sword and shield." An effective defense system against atomic-thermonuclear attack is possible, Lapp insisted, "if we really give our scientists their heads." But would the U.S. public be willing...