Word: mutuals
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Dates: during 2000-2009
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...fastest-growing investment vehicle for individuals is the mutual fund, which pools clients' money into huge stock portfolios. By buying shares in a fund, an individual can leave the stock picking to experts and still have a chance to reap big profits. October sales of mutual funds that invest primarily in U.S. stocks were $2 billion, up 50% from the same month a year...
Burr went on to earn an economics degree at Stanford and a Harvard M.B.A. He always had a fascination with airlines, and so at 24 he took a job at Wall Street's National Aviation, a mutual fund dealing in airline securities. Six years later, after proving an astute stock picker, he became its president. He left in 1973 to join troubled Texas International Airlines and rose to be chief operating officer within three years. One of his first steps was to begin trying out radical fare discounts to boost business. But Burr soon began to form a more revolutionary...
...with Washington columnists, President Reagan seemed to indicate that the U.S. was ready to strike against those countries if it had evidence tying them to terrorist acts. In fact, evidence gathered by British officials in the thwarted El Al bombing has pointed toward Syrian involvement. Damascus, however, maintains a mutual friendship treaty with the Soviet Union, which means that an attack on Syria could result in a superpower face-off. Though Administration officials later insisted that Reagan's remark had been misinterpreted , their statements left the impression that the U.S. had one standard for Libyan terrorism and another for atrocities...
Bejski's 560-page report called for sweeping reforms in the Israeli banking system. The commission suggested that banks be prohibited from managing mutual-stock funds and acting as investment advisers and brokers. In addition, said the report, the Bank of Israel should tighten its regulation of private banks by appointing some of their directors as well as their auditors...
...explained to a skeptical Kosygin that if both sides restricted their defenses, they could afford to limit their offenses; while each would need enough weapons to retaliate against an attack, neither would feel it needed a surplus to overwhelm enemy defenses. Thus the arms race could be regulated and mutual deterrence assured...