Word: mutually
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Dates: during 1970-1979
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...could trigger a devastating Soviet counterstrike at New York or Los Angeles? The question echoes more loudly now that the U.S. no longer boasts strategic superiority. As Kissinger put it in Brussels, "It is absurd to base the strategy of the West on the credibility of the threat of mutual suicide." With U.S. and Soviet strategic nuclear forces tending to cancel each other out, Washington needs adequate nonatomic forces to counter threats that could range from an armored invasion of Germany to a brushfire war in the Third World. Says Jones: "If you don't have the capability to respond...
...took the twelve-member Swiss jury only 50 minutes to decide the long-pending case, and when acquittal was an nounced the Geneva courtroom erupted in applause. Then a smiling Bernie Cornfeld, 52, the bearded hustler from Brooklyn who had founded Investors Overseas Services, the bankrupt European-based mutual fund empire, repaired to a near by cafe for a victory celebration. After a four-week trial that even the presiding judge described as a "circus," Cornfeld was declared innocent of charges that he had coerced employees of I.O.S. into buying its stock when he knew his operation was collapsing...
...legal troubles that had dogged Cornfeld for seven years since the fall of I.O.S., which he started in the 1950s and built into the world's largest offshore investment com bine. At its peak in the late 1960s, I.O.S. managed assets totaling more than $2 billion in mutual funds alone; armies of I.O.S. "reps" rang doorbells everywhere to persuade people to put their savings into one or another of I.O.S.'s 130 in vestment outlets. Cornfeld, a onetime social worker, proclaimed that "everyone can be a millionaire." As if to prove it, he lived a sybaritic life...
...Federal Reserve's dramatic tightening of credit will in time hurt every consumer who wants-or needs-to borrow for any purpose, from paying medical bills to buying a house. Says Saul Klaman, president of the National Association of Mutual Savings Banks: "Those who need credit most will have the most difficulty getting it. That's the way it always is." As prices inevitably rise, says Charles Lehing, senior vice president of New York's Chemical Bank, the people who will have the most trouble will be those on fixed incomes. Adds Lehing: "Most of these people...
Divorce. In Washington, John Paul spoke out for the "indissolubility" of marriage and warned against "the fear of making permanent commitments [which] can change the mutual love of husband and wife into two loves of self-two loves existing side by side, until they end in separation." Eastern Orthodox and Protestants have allowed divorce, at the very least in the case of adultery, citing the statement of Jesus Christ in Matthew 5: 32. But for centuries Roman Catholicism has held to stricter parallel verses in Mark and Luke. Its doctrine holds that a divorced spouse who remarries lives...