Word: mutually
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Dates: during 1990-1999
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...dismisses National Coming Out Day as "just another event in the recent rash of identity-based pride rallies" which "have devolved into mutual masturbation festivals." Obviously, Lat had a more fruitful Coming Out Day than I did. Even as an archangel in a haven of homosex, all I got was a pink triangle sticker, a bit of disco music and a cute boy to dance with in the Adams House Dining Hall. Did Winthrop (or some other house) really mark the occasion with the exchange of bodily fluids? Sticky, very sticky. --Carsey Yet Resident Tutor, Adams House
...mail from Fidelity Investments, the giant financial company, inviting me to sign up for something called "Portfolio Advisory Services." For an annual fee of 1%, "a dedicated account executive" will invest my money for me, spreading it among Fidelity's dozens of "equity, bond and short-term mutual funds." My "portfolio" will be "personally tailored," of course, but basically the program promises what we all want: "preservation of assets as well as ... growth and income." This is known as a "wraparound account." It is one of the newer products invented by the financial-services industry, whose explosive growth is traced...
...guide me through the financial maze created by Fidelity and its rivals. Nevertheless, the wraparound account is a reductio ad absurdum. "Put Fidelity's Renowned Investment Management Expertise to Work For You," blares the brochure. That is what I thought I was doing when I invested in a Fidelity mutual fund. Now I'm told I must pay someone to tell me which mutual fund I should buy. Then I pay the mutual-fund managers to put me into the right stocks and bonds...
...most big companies are glorified mutual funds themselves these days, shuffling parts as if they were stock portfolios. Like middle-class "financial services," corporate "mergers and acquisitions" are a permanent feature of American capitalism. Any pretense that they advanced some particular theory of corporate efficiency -- that small companies are better than large ones, or vice versa; that owner management is better than wide public ownership, or vice versa; that conglomerates are better than single- industry firms, or vice versa -- is now passe. Firms simply unite and divide like amoebas...
...National Coming Out Day, he attacks the idea of spending time to celebrate one's identity. One's sexual orientation, Lat argues, does not deserve respect because it is something "which you had no hand in bringing about and is morally neutral." He calls such "celebrations of diversity" "mutual masturbation festivals...