Word: mutuals
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Dates: during 1990-1999
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Castro hinted to Frei Betto that he was interested in meeting John Paul II, but not until the conditions were "guaranteed" for it to be a "fruitful meeting." He did, however, modulate the government's relations with the church from confrontation and hostility to the exploration of mutual interest. Neither Fidel nor the Pope suspected then how close to ruin the Soviet edifice was, and Cuba's leader was more concerned with how to manage the influence of liberation theology: while he supported its radical preachings in the rest of Latin America, he saw those same ideas as a threat...
...peace process. The key to Clinton?s proposal to break the deadlock is breaking up the Israeli withdrawal from the West Bank and Palestinian security measures into a series of reciprocal phases. That would delay final status negotiations until both sides? compliance with their undertakings restores a measure of mutual trust, says TIME State Department correspondent Dean Fischer...
...Never mind that the IMF functions as a U.S.-driven-body that tends to open up foreign markets to U.S. companies. Here's an easy-to-understand reason to support it: The bailout would prop up Mom-and-Pop mutual funds which stand to lose millions in an Asian collapse...
Investors trip up in dozens of silly ways. They act on stock tips from their nitwit in-laws, send money to brokers they've never met, check their mutual-fund balances too often and lose patience too soon. But my guess is that this year's most popular gaffe will be the way investors categorize in their mind the past few years of robust U.S. stock gains. Some lost souls will view the spoils as perfectly normal and expect more of the same. God bless them. But even those with a sense of history may regard the period as merely...
...Golub, 58, took command in 1993 after directors dumped James Robinson III for turning the company into an unwieldy financial supermarket. Golub promptly lopped off the brokerage, investment-banking and life-insurance units that Robinson had assembled, leaving American Express focused on credit cards, travel and financial services, including mutual funds. Golub, a sometimes abrasive native of Brooklyn, N.Y., initially slashed $2 billion out of a $13.4 billion cost structure, and has kept expenses in line with sales growth through such moves as downsizing the work force and streamlining procedures...