Word: mutuality
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Dates: during 1960-1969
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...points which seem to signify an advance, for they pick up what are earlier Western proposals." The British believe, for example, that Kosygin's proposal for nuclear-disarmament zones might be an oblique response to recent hints from NATO's foreign ministers of a desire to negotiate mutual force reductions in Central Europe...
...before the Washington hearings began, the exchanges had given a bit. In separate but almost simultaneous votes, they agreed to accept "volume discounts" of an unspecified amount on large stock transactions. They also recommended outlawing the controversial practice of "give ups"-by which a large stock trader (usually a mutual fund) directs the broker executing the order to split his commission with another brokerage firm. Often such fee splitting is a reward for unconnected services such as selling mutual-fund shares; the Government maintains that the custom undermines the whole case for fixed commissions. "Confused." As lead-off witness last...
Though last week's hearings barely scratched the surface of Wall Street's rate structure, broker witnesses shed some light on how much give ups cost them. Van Vechten Burger, managing partner of Manhattan's Pershing & Co., testified that his firm routinely handles stock orders from mutual funds for only 25% of the fee set by the Big Board, passes on 75% to other exchange members. Last year, he said, Pershing thus surrendered some $6.9 million of its $9.7 million take from mutual-fund and other institutional trading. Michael J. Heaney, a floor partner at the American...
...long since been appropriated by candidates who sometimes win. "It's been a lifetime commitment to do everything I could to secure peace," he says, emphasizing his role as a U.S. delegate to the 1945 San Francisco conference that forged the United Nations, and as Ike's Mutual Security Administrator and chief disarmament adviser. Even as he recalls such distinguished assignments, he unconsciously reminds his audiences that his day is past...
Married. Remi Brooke, 19, elder daughter of Massachusetts Senator Edward Brooke; and Donald Hasler, 18, an engineering student whom she met last September through mutual friends; in Martha's Vineyard, Mass. Attending the interracial wedding were Illinois Senator Charles Percy and Massachusetts Governor John Volpe...