Word: mutuals
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There are different stories going around about how Abramoff first met Tom DeLay, the man who once referred to the lobbyist as "one of my closest and dearest friends." Some versions have it that they were introduced shortly before the Republicans regained the House in 1994 by their mutual friend Daniel Lapin, a Seattle-area rabbi who has long been active in conservative causes. But a former DeLay aide tells TIME that it happened during a fund raiser shortly after the election in which Republicans gained full control of Congress for the first time in more than 40 years...
...India?an India of weak investor rights and shaky financial systems, where people distrusted banks and the stock market and preferred to store their wealth in tangible assets, chiefly gold and property. The recent economic boom has given Indians a range of sophisticated and relatively secure financial instruments: mutual funds, stocks, bonds, even abstract art. Richer Indians are, indeed, diversifying their investments. "At the top end of society, yes, [gold] consumption is beginning to decrease," says K. Shivram, a vice president of the World Gold Council in Madras. The current surge in demand is being driven by the middle class...
...People have just stopped coming for two, three weeks," he says. "But in the end, they will accept this price. They have no other choice. They must buy gold for weddings." Won't Indians stop buying once they begin to understand they can get better returns in stocks and mutual funds? Sitting under a portrait of the seven-kilogram crown of gold that his shop crafted for the goddess Padmavathi Devi, Padmanaban begins to rock with laughter. "It may happen, but it'll take a hundred years...
...plan to resume University procurement of Coca-Cola products if the details of conducting an independent, third-party investigation in Colombia can be resolved to our mutual satisfaction, and if we can agree on the process for a third-party review of environmental concerns in India,” they wrote...
...summer it was obvious that the partnership also had mutual political benefits: Bush's closeness conferred a statesmanlike legitimacy on Clinton and washed away some of the grime of impeachment. For Bush, the arrangement made it more likely that Clinton's criticism of Bush 43 would be delivered in a gentler, less personal way. "Like all relationships between human beings, this one is complex," said an aide to 43 and 41. "There is real affection, coupled with mutual need...