Word: mutually
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Dates: during 1970-1979
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...President ran for three hours 15 minutes -one of the longest discussions Nixon has ever held with a visiting head of government. Nixon was said to have urged restraint on Mrs. Gandhi, stressing that he was privately making the same point to Pakistan. The President also pressed for mutual withdrawal of troops from the borders, where incidents between Pakistani and Indian forces are now reported almost daily, and called on Mrs. Gandhi to open negotiations with Pakistan. Though arms shipments already "in the pipeline" to Pakistan would go through, the President indicated, no further deliveries would be forthcoming. He assured...
Many voices today insist that the businessman should turn the resources of his company toward solving social problems. H. Ladd Plumley, chairman of State Mutual Life Assurance Co. of America in Worcester, Mass., would add a qualifier: The public-spirited executive had better be prepared to face citizen suspicion and bureaucratic pettifoggery...
...Worcester Redevelopment Authority asked State Mutual, the nation's 27th largest life insurance company (assets: $1.2 billion), to help rebuild the city's blighted Laurel-Clayton section. Plumley decided to erect 430 units of low-and middle-income housing and invested $11.8 million of company loan and equity money in the project. He hired Architect Benjamin Thompson of Cambridge and told him to design a complex that would be "more than just another public-housing project...
...business trends and public expectations in highly exaggerated form, but there is usually enough reality underlying the distortions so that it cannot be ignored. This is especially true now that the market affects the wealth of 100 million Americans, who have at least an indirect stake in stocks through mutual funds, pension funds and insurance policies. For the past three weeks, the market has been projecting a mood of deep nervousness. By last week, eleven straight daily declines had dragged the Dow Jones industrial average down to 836, a fall of about 85 points from early September and near...
Avalanche of Issues. Internal ailments are also hurting the stock market, reports TIME Correspondent John Tompkins. Mutual funds are losing rather than gaining investable cash; their sales of new shares to the public have fallen far behind redemptions. Because of the funds' disappointing investing record over the past two years, some salesmen have found it easier to persuade customers to buy insurance policies rather than fund shares. Investors are also shifting to new funds that specialize in bond trading. A final factor in the stock slide has been a rush by corporations to sell new stock. New issues...