Word: mutuals
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Dates: during 1960-1969
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...MUTUAL OF OMAHA'S WILD KINGDOM (NBC, 6:30-7 p.m.). "Hippo!" shows a relocation project, now under way in South Africa's Kruger National Park, which is moving the hippopotamus population to an area safe from poachers...
...Securities and Exchange Commission, Manuel Cohen-who is likely to be replaced as chairman after Inauguration Day-hopes to launch a comprehensive study on the impact of mutual funds, pension funds, foundations and other institutional investors on the securities markets. The study has been authorized by Congress and endorsed in principle by Nixon. But during the campaign, the incoming President criticized Washington for its "heavyhanded" regulation of the securities field. Cohen fears that if he does not move quickly to get the investigation well under way, his Nixon-appointed successor will not press the study too vigorously...
Inflation in 1968 helped to foster a contagious speculative mood in the stock market. Led by the "gogo" mutual funds, many once staid institutional investors plunged into small new issues that offered a chance for quick profit. Fried-chicken franchisers, wig makers and small computer-service firms had no trouble bringing out new-and often highly speculative-stock issues. Frequently, the prices of their stocks soared unrealistically, to 50 or even 100 times their per-share earnings...
Perhaps the most bizarre episode of all, though, concerns Ruskin's equivocal six-year marriage to a pretty Scottish lass named Erne Gray. It began in 1848 with mutual vows of temporary chastity; she was barely 20 and ailing, he wanted to travel before being burdened with children. It ended in 1854 with ferocious bitterness and an annulment that left Erne-still a virgin at 26-free to marry Ruskin's protege, Painter John Everett Millais...
Johnson urged such a meeting, arguing that the Soviets seem genuinely eager to talk about mutual reduction in missile stockpiles, and possibly even to discuss more dramatic bilateral arms cuts. But, said Johnson, he would not go ahead without Nixon's approval. Nixon did not favor the idea, and the chances of a summit before Jan. 20 now seem remote. The two men agreed to meet at least once again before Johnson leaves office...