Word: mutuals
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Dates: during 1960-1969
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...Mutual Admiration Society
...unfortunate that the SEC holds the philosophy of free enterprise and the intelligence and good judgment of the American people in such low regard. In their proposed purge of the mutual-fund management companies [Dec. 9], the SEC seems to have decided that the American investor is too ignorant to judge for himself what is or is not a good investment opportunity. Furthermore, the commission seems to have concluded that the profits generated by a corporation's successful decisions and good service to its investors are undesirable...
Radical Overhaul. In their effort to put housing on a sounder long-term footing, builders and materials suppliers are concentrating on ways to reduce housing's financial dependence on S & Ls, mutual savings and commercial banks and life-insurance companies. U.S. Plywood, for example, is trying to enlist other big firms in a plan to form a corporation to provide the top 15% of 90% -mortgageloans, thus enabling conventional lenders to stretch their funds further. Last week N.A.H.B. urged the Government to expand the Federal National Mortgage Association, now confined by law to the purchase...
...conversation had lagged last week at the New York Hilton Hotel, where the Salvation Army in nonsectarian generosity honored Francis Cardinal Spellman, hosts and guests could have turned to a subject of mutual interest: sales of Listerine antiseptic. Listerine at a religious convocation? Why not-since, under terms of an old and apparently inviolable legal document, Warner-Lambert Pharmaceutical Co. must still make royalty payments on Listerine to the heirs, executors or assignees of its originator. The assignees include the Salvation Army, and until recently counted the aging cardinal as a major holder...
...mutual intimidation was most painful at the first class meetings where students glowered intelligently at each other but said very little. Rosenblatt tackled the problem head-on this fall by making each student submit the first paragraph of a short story to the class for criticism...