Word: mutually
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Dates: during 1970-1979
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...hinted that it may ask the U.S. to renegotiate its huge Philippine air and naval bases, even though the lease runs until 1991. Marcos has sarcastically asked "whether commitments by U.S. Presidents are binding" or are merely "forms of psychological reassurances." That was a reference to the U.S.-Philippine mutual defense treaty of 1951. Although the pact was ratified by Congress, the interpretation that it requires the U.S. to "instantly repel" an attack on the Philippines is based solely on declarations by U.S. Presidents. The Philippines are actually in little danger of invasion, but Marcos is worried about the threat...
...Mutual Contract...
...course the role the schools and universities will play will be determined by a mutual contract, but the schools must be willing to consider the recommendations of the universities." Willie told an audience of more than 100 at the Ed School...
...cautiously last week, "You can't have three good months and say it [Wall Street's tailspin] is over." But brokers nonetheless have good reason to feel happy. Prices for stocks in the Dow Jones industrials are up 30% so far this year, and even long-suffering mutual funds are doing nicely. Once again, brokers are making money. Figures to be released soon by the New York Stock Exchange will probably show that its 425 member firms earned pretax profits of around $300 million through March, a record for any quarter. By comparison, Big Board member firms earned...
...lost money last year. And there is little comfort for the Street in knowing that negotiated rates are really nothing new. They went into effect four years ago on trades of $500,000 and above, a move that benefited large institutional investors such as life insurance companies, pension funds, mutual funds and banks. In 1972, the breakpoint was lowered to $300,000. Last year fixed commissions were removed on small trades-$2,000 and below. What becomes unfixed next week is everything else-commissions on deals between $2,000 and $300,000, the bulk of business. "Most of the lumps...