Word: mutuals
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Dates: during 1950-1959
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...effect which the presence of the Western forces has." West Berlin, he said, stands as "a gap in the Iron Curtain" and is thus "a permanent obstacle to the effectiveness of totalitarian rule in Eastern Germany." What is needed, Grewe concluded, is "a cool head, strong nerves, unity and mutual confidence among the allies and, with regard to the Soviets, preparedness for every reasonable talk, but, if necessary, preparedness to resist...
...done since Stalin's death." Why, then, had he left his wife and two sons in Tiflis? "I see that there is a role for me," he boomed, "in helping foster coexistence between East and West. I am going to be a bridge across the gap in mutual understanding between our countries...
...skeptics among the 175,000 U.S. undergraduates to whom the pamphlet is being distributed, the council notes such material teaching pleasures as a nine-month schedule, the sabbatical year. Other advantages now prevalent (at little or no cost): housing, medical and life insurance, pensions, mutual-fund stocks, education for faculty children. Average starting pay is still small (about $5,500 last year), but, since 1954, faculty salaries have risen about 7% a year...
Since 1921 both mutual and stock life insurance companies have been taxed on their investment income (the money they earn from investing policyholders' premiums in bonds and mortgages), not on their underwriting income (the money received from premium payments that does not go into reserves). The 1942 tax law still on the books follows the investment-income principle of taxation. It was suspended and stopgap taxes levied because it allowed such high reserve requirements out of investment income, at a time when interest rates were declining, that in some years the industry was paying no tax at all. Taxing...
CAPITAL AIRLINES, strikebound for five weeks, got its first payment from mutual aid plan put into effect by six domestic carriers (TIME, Nov. 10, 1958). Size of payment covering Oct. 20-31 is secret, but insiders...