Word: mutualization
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Dates: during 1930-1939
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...friend of Hacker's. In fact, Hacker calls Vag "the Duke" for reasons which Vag will not go into now. He first heard of Hacker when their mutual tutor in their sophomore year wondered where that guy Wilson was. There was a rumor to the effect that he played football. He was a jolly easy-going fellow, and Vag, as he watched the games that fall, never could quite understand how he could change so suddenly into a ferocious blocker and tackler on the field. He knows now. Three years of watching Hacker in the blocking slot have shown...
...five other reasons for the existence of our nine-year business dive. The freezing of capital by banks which are afraid to invest in business enterprises is a contributing factor to the reluctance of industrialists in maintaining and increasing output. Related to both of these evils is the current mutual antagonism between business and the administration, which Professor Rogers cites as another guarantee of a long depression...
Controversies over neutral rights and the mutual recrimination by newspapers in both countries were the two principal sources of ill feeling, he said. "Seward with an eye on the Irish vote and an ignorance of international law was apt to overplay his hand and mingle well founded protests at British violations with unjustified demands for concessions." Both nations realized that their actions would establish precedents for later diplomacy...
...life insurance salesmen ferreting about the U. S. last week were using something new in sales talk-"Buy now before the price goes up." Mutual Life of New York, Northwestern Mutual Life, New York Life and Connecticut Mutual had announced that they would soon make important changes in their contracts and every other important life insurance company was expected to follow suit. Immediate reason: Into effect on January 1 goes a New York law reducing from 6% to 5% the interest that life insurance companies may charge for policy loans...
...example Mutual Life of New York announced that on new policies its guaranteed interest rate to beneficiaries would be reduced from 3% to 2½%, that dividends accumulating at interest will get 2½% instead of 3%, that premiums on endowment annuity policies will increase. Last week Northwestern Mutual warned: "All life insurance companies are making important changes in their contracts. . . . These changes may mean an increase in price ... of insurance...