Word: mutuals
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Dates: during 1960-1969
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...basis of her sessions at group-therapy psychodrama. He (Gene Troobnick) is a sportswear buyer who poses as a sculptor by coating tennis rackets, mannequin legs and xylophones with plaster of paris. It is not so much the chemistry of love that fuses the pair as the mutual palpitating fear that they may be cultural dropouts...
...nation's labor unions long ago perfected the divide-and-conquer tactic of selective strikes in industry-wide negotiations. Only lately have companies tempered union pressure on struck rivals through "mutual-aid pacts." The airlines have used them since 1958, and they have popped up in such industries as railroads and rubber. Last week it became known that the Big Three of U.S. automaking, going into their 1967 negotiations, had considered a mutual-aid model of their...
...secret-and never-used -pact was broken, improbably enough, by the University of Michigan's campus newspaper, the Michigan Daily. Its editor, Senior Roger Rapoport, who had worked in the Wall Street Journal's Detroit bureau last summer, ran a seven-page draft of a mutual-aid agreement that had been prepared last July -two months before expiration of the Big Three's contracts with the United Auto Workers-by General Motors' cost-analysis department...
With the average length of retirement now 13 years, the threat of inflation means that the cash value of a family's life insurance could well prove inadequate to its old-age needs. As a hedge, more and more Americans are turning to mutual funds, which, after all, promise growth instead of fixed returns. Rather than fight the swing to mutuals, the insurance industry itself is enthusiastically joining...
...year ago, some 20 U.S. life-insurance companies were in the mutual-fund business. Today, the number exceeds 50. Last month Boston's John Hancock became the biggest insurance company to get into the act by announcing its own mutual fund. Last week Illinois-based Franklin Life Insurance Co. said it plans to acquire control of California's Channing Financial Corp., a holding company with properties in both mutual funds and insurance...