Word: mutuals
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Dates: during 1950-1959
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Into Gettysburg last week clicked a New Year's greeting from Russia's Khrushchev, Bulganin and Voroshilov ("We express the hope that the forthcoming year will be a year... when the great principles of peaceful coexistence...will become the basis of mutual relations between our states"") that turned out to be one of the week's cheerier messages to Dwight Eisenhower. At home, retired Defense Chief Charlie Wilson declared to New York Herald Tribune Washington Bureau Chief Robert J. Donovan (who wrote the authorized account, Eisenhower-The Inside Story) that Ike himself was to blame if this...
...against the emotional appeal of a nuclear disarmament pact that might leave the West "virtually defenseless before the greatly superior weight of Russian conventional arms." He pointed out that every government since 1947, both Labor and Tory, had approved the basing of U.S. bombers in the United Kingdom for mutual defense. As to the new plan to install thermonuclear missiles in Britain-"If bases for nuclear rockets are the up-to-date equivalent for bomb-carrying planes, then our whole defense policy, our whole strategy, becomes meaningless unless we have these bases." Said Macmillan: "We have at least gained this...
...Philadelphia, WEAW in Evanston, Ill., have expanded to AM to make their outlets better-paying propositions. Biggest single FM boom is taking place in Los Angeles, which boasts, as of this week, 20 FM stations. Both Lincoln and Continental are advertising FM dashboard sets, and a fortnight ago Mutual Broadcasting System announced plans to acquire seven FM stations, the legal limit on single ownership. Boston's WCRB, which pioneered in stereophonic sound, is offering a record 128 hours of concert music a week, and Westinghouse Broadcasting Co.'s four new "FM only" outlets are making a pitch...
...Administration, along with many fund experts, disagrees. Many experts feel that the field is far too big to leave uncontrolled (only six states have amended their insurance laws to cover the funds), and that worries about the disclosure of fund investments on the stock market have little foundation. Mutual funds, with some $10.5 billion in stocks and bonds, are required to publish their investments at least twice a year, and there has been no visible damage to the market. So far, the Administration has potent support from A.F.L.-C.I.O. President George Meany, who is in favor of full disclosure...
...Administration will seek substantial increases, particularly in military support. Despite the obvious argument for such aid as a corollary to defense, the first rumblings from returnees to the Hill indicate trouble. Among the probable troublemakers: Louisiana's Otto Passman, chairman of the House appropriations subcommittee that controls the Mutual Security purse strings, a bitter foe of foreign...