Word: mutuals
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Dates: during 2000-2009
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...know that China and the United States are far apart geographically; I hope my speech will help increase our mutual understanding,” he said...
Midnight trading. Hush-hush commissions. Corrupt executives. The recent torrent of headlines about mutual-fund scandals provides ample cause for outrage among investors. But if you're wondering how badly the industry's shenanigans have damaged your wallet, the answer is, probably not much. A Stanford University study found that overnight arbitraging in funds cost investors more than $4 billion a year. That's hardly a drop in the bucket, but it was widely diluted in a fund industry with $7 trillion in assets under management...
...shares skip the up-front fee, but add an extra average fee of 1% annually and hit you with hefty fines if you cash out early, which proves more costly in the long run. "The whole idea of B shares," says Max Rottersman, founder of FundExpenses.com which tracks mutual-fund fees and costs, "is to get idiots into funds...
...northern Iraq before the U.S. invasion. Mehmet Farac, an expert on Turkey's Islamic militants, says Hizballah may have linked up with al-Qaeda planners over the past year to regain ground it lost after its leader, Huseyin Velioglu, was killed in a police shoot-out in 2000. "Mutual interest is key to this partnership," says Farac. "Al-Qaeda wants to hit U.S., British and Israeli interests; Hizballah wants to prove it is back...
...South Koreans have seen corruption crackdowns before. The country's traditional ties between government and industry breed an incestuous system of mutual back scratching that is rife with under-the-table payouts. Winning office is expensive?political analysts estimate that Roh's campaign cost at least $125 million, more than that of U.S. President George W. Bush?but tough campaign-financing laws limit the money that can be raised legally from deep-pocket contributors to $208,000 each. Says Roh Kwan Kyu, budget and accounting committee chairman for the Millennium Democratic Party (under whose banner Roh ran for the presidency...