Word: mutual
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Dates: during 1980-1989
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...long as Wall Street was blooming, mutual funds seemed to promise the impossible: a place where cautious people could plant their money, ignore it and let it grow, as safely as in a bank but as fruitfully as in the stock market. Millions of new investors could not resist. Take Charles Jayson. Last year the Manhattan retailing executive bought 510 shares in a stock fund managed by Boston's Fidelity Investments (total assets: $75 billion). "I wanted to be in the market," says Jayson, 30, "but I wanted something I didn't have to watch every...
...began as a loose ensemble in the fertile musical soil of Dunster House. Dunster dwellers Weiner and Tokuno met at the house grill and soon discovered their mutual appreciation of Renaissance music. After Dunster House Resident Composer Charles Kletzsch recommended about 10 musicians who shared their interest...
...long range plan is that the Charles and Joanne Dickinson Endowment would function as a permanent, named endowed fund at Harvard's John F. Kennedy School of Government. The specific terms of the Endowment may be modified subsequently upon mutual agreement of the Dean, or his successor, and the donors. If, at some future time, the Endowment cannot be usefully applied to agreed upon purposes, they will be applied to such uses as will most nearly accomplish the donor's initial intent...
What money can do, however, is not the same as what money is. Return for a moment to the theory: people value money because they value one another. In other words, the usefulness of money is directly related to and established by continuous mutual need. People work for money to buy things that other people make or do, things that they cannot or will not make or do for themselves but that they deem necessary for some definition of self-improvement. The mere existence of other people creates a market for goods; a market for goods, a potential source...
...doubt felt relief at the end of the Maoist era. Nonetheless, the mixture of central planning and market economics that developed in China starting in 1978 initially prompted criticism that Beijing was heading down the capitalist road. Since Gorbachev launched his own brand of Communist reconstruction early last year, mutual suspicion has given way to cautious interest and growing - cooperation. Last year China exported $1.2 billion worth of goods to the Soviet Union, compared with only $143 million in 1982, while imports jumped from $243 million to $1.4 billion. A Beijing Kremlin-watcher observed: "Gorbachev is saying the same things...