Word: mutually
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...relied on the judgment of private ratings agencies - thus giving the companies exalted status and immunizing them from competition that might otherwise keep them honest. It started with bank regulators in 1936, and over the years different parts of the government, overseeing everything from insurance companies to money market mutual funds, have turned to the ratings agencies for guidance. (Vote for the 2009 TIME 100 Finalists...
...fact, the SEC proposed a version of that in July. The agency suggested changing a number of its ratings-based regulations since the use of the NRSRO designation "may have encouraged investors to place undue reliance on the credit ratings issued by these entities." One example: money market mutual funds, which are currently only allowed to hold high-grade paper. High-grade - as defined by the ratings agencies. In comments responding to the proposed rule change, sellers of money market funds balked at the idea of not being able to use the ratings agencies' opinions...
...poked around a bit, asked some mutual friends about the girls, and feedback started coming in. My #1 result, a senior, received nothing but praise. A mutual friend said, “She just has this presence with her smile when she walks into a room. She’s great to be around.” Well played, Datamatch. I knew I had to treat #1 right, so I wanted to do dinner in Boston. I asked her out to Figs on Charles Street. She wrote back the next day, and we settled on Wednesday night...
...closed the 150-year-old Rocky Mountain News in February. The owners of the Minneapolis Star-Tribune went into bankruptcy, and one of the last African American dailies, the Chicago Defender, converted to a weekly publishing cycle. Two of satellite radio's pioneers - Sirius and XM - merged to avoid mutual failure, along with 42 mergers and acquisitions among consumer magazines. Stock for General Electric, which owns NBC Universal, lost more than half of its value in 2008, fueling rumors that GE might sell its NBC subsidiary, though the company's chairman, Jeffrey Immelt, has denied such claims...
...OZAWA: I consider that the Japan-U.S. alliance is the most important relationship for Japan - not only in the political field, but also in the economic field as well as in culture and the arts. The two countries have to develop a friendly relationship built on mutual trust...