Word: mutuals
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Hungary multiplied their trade with West Germany. Russia also has steadily increased its own trade with Bonn, and so has East Germany, which Poland had been counting on as a supplier of sorely needed technology. Moreover, Moscow has been holding talks with West Germany since 1966 about a mutual agreement renouncing the use of force-a deal that Poland fears might not provide adequate security for its own borders. Thus, when Russia finally gave permission last March for its Warsaw Pact allies to begin negotiating their own bilateral agreements with Bonn, Poland decided to try and make up for lost...
Exploration. In the past, mutual fear has kept the arms race going. Administration advocates of arms control believe that the U.S.S.R. is simply trying to achieve parity with the U.S. in order not to negotiate from weakness. There is Soviet testimony to support that view. Georgy Arbatov, one of the Soviet Union's leading America watchers, believes that there is no longer a significant strategic gap between the two countries-and that this will make it easier for them to act on their concern for limiting the arms race...
Teacher and Publisher. Almost half of the earnings came from casualty, life and property insurance, mostly sold by companies that Amexco had recently acquired. Amexco has become a force in the mutual-fund business. Last year it took over the Commonwealth Group of four funds, and this spring it started two more, including an "offshore" fund for foreigners. The acquisition of W. H. Morton & Co. and Equitable Securities has given Amexco a strong position in stock and bond underwriting. The company is a major factor in international currency transactions. Every working day the American Express International Banking Corp. buys...
...many of the sources of mortgage funds. More than any other U.S. industry, housing depends on private long-term credit. When interest rates rise rapidly, as they have this year, the financial institutions that normally provide most of the credit run short of money. Savings and loan associations and mutual savings banks have been hard hit by withdrawals; depositors have simply shifted their money out of savings accounts paying 5% and put it into Government bonds that offer an enticing...
Even if the Government would permit it, most S. & L.s and mutual savings banks could not afford to raise the rates they pay to depositors. The bulk of their assets is invested in 20-year to 30-year mortgage loans at the much lower interest rates of bygone years. Insurance companies, normally the third biggest source of mortgage money, have increasingly withdrawn from the housing field. Wary of inflation and eager to improve their profits, they are funneling most of their property loans into projects in which they become part owners...