Word: mutually
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Dates: during 1980-1989
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Last week, with the airline losing about $1.3 million a day after a bleeding first-quarter loss of $114.5 million, Pan Am's board reached a "mutual consensus" that Seawell must go. He will retire by Jan. 1 at age 63, more than a year sooner than he had desired...
...from all seven oceans into a large vat in one of those symbolic gestures of ecological good will. Some newsman asked him if he felt ridiculous working for an insurance company, and Marlin (sans Jim) just smiled and said that, well, he really liked animals more than anything and Mutual of Omaha let him do his work...
There was more than good personal chemistry behind the mutual striving for Franco-American entente. Indeed there was a broad range of foreign policy issues on which the Socialist President's views seemed more compatible with Washington's than those of his patrician predecessor. On East-West questions, for example, both Mitterrand and his Foreign Minister have emphatically denounced the Soviet menace in Afghanistan and Poland. In fact, the Socialists have made it clear to Marchais's Communists that they cannot hope to play even a token role in the government without endorsing that condemnation of Moscow's imperialism...
...Georgia, Colorado and Florida, Merrill Lynch is test-marketing a product that could change the way the life insurance industry does business. The firm offers policies that allow customers to choose whether they want part of their premiums invested in mutual funds containing stocks, bonds or short-term money-market securities. As interest rates fluctuate, policyholders will be able to try to increase the return on their investments by switching their money from one fund to another. In the past, insurance premiums have been tied up mainly in low-return long-term bonds...
Money-Market Funds. These are portfolios of high-interest securities sold to investors as a mutual fund. The customer can usually write checks against the account. The deposits are not insured by the Government, but the funds are generally sound. Disadvantage: interest rates fluctuate on a daily basis, and thus the current high yields (last week: about 17%) would fall sharply and quickly if general interest rates come down...