Word: mutuals
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Dates: during 1950-1959
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...Teacher's Quality. Gradually, Braithwaite and his class learned mutual respect. The students' "sir"' became less forced, and the teacher's prejudices began to break down as he found a few quick, honest minds among the slum children. Progress was not smooth: Braithwaite was forced to outslug the class troublemaker, a hulking amateur boxer, and habitual bigotry cut through newly learned tolerance when the class refused to take flowers to the house of a Negro boy whose white mother had died. (Tolerance ultimately won, and the entire class showed up for the funeral...
...government market for Government bonds is drying up. Once, most states specified that a large portion of their pension funds had to be invested in federal bonds. Today many permit them to be invested in higher-yielding corporate bonds. An even bigger Government market used to be insurance companies, mutual-savings banks, savings-and-loan associations and corporate pension funds. From 1952 through 1958, these institutions trimmed their federal-bond holdings from $23.9 billion to $20.6 billion, bypassed the Treasury entirely in putting more than $90 billion in non-Government investments...
...YORK, N.Y., May 6--The steel industry disclosed today that it is considering a mutual aid pact to share profits if only a few steel firms are closed down by a July 1 strike...
...possibility of a partial rather than an industry-wide union strike was raised by Iron Age, the industry trade publication. Relations between the union and companies, though still friendly, began to get a bit more edgy. The union contended that the steel industry mutual aid plan caused the tenseness...
...salty best, the former president and onetime senator advised congressmen, some of whom are bent on cuts, that the time to reduce mutual security is when "you feel the situation is so bad you first cut congressional salaries...