Word: mutuals
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...usual, in matters that pit Americans against Europeans, there's plenty of mutual ignorance. Americans don't understand that for Europeans, whose memory of war crimes is deep, anything that codifies the rightful conduct of war is ipso facto desirable. Europeans seem unable to appreciate the import of congressional sentiment against the court. Congress (unlike most European parliaments) is not a rubber stamp; it has a constitutional role in international affairs, and it takes it seriously...
...losers include pension funds and mutual-fund investors across the country. And, as at Enron, WorldCom's 401(k) plan was full of company stock, socking employees with greatly diminished savings just when they are likely to need them the most. Says John Alexander, 31, a former WorldCom benefits manager: "Everything they ever told us was, 'We're making money hand over fist.'" Alexander lost $180,000, a large chunk of his life's savings...
Creditors and bondholders are also taking a hit as WorldCom struggles with its $32 billion of debt. Dozens of mutual funds, banks and financial-services firms are exposed, including Bank of America, Citigroup, Deutsche Bank and GE. Citigroup holds an estimated $335 million of WorldCom bonds and could face lawsuits as a result of its cozy ties to the telecom. In May 2001 Citigroup co-underwrote, along with J.P. Morgan Chase, an $11.9 billion WorldCom bond issue. Buyers of those bonds may move to sue the banks, claiming they failed to properly inspect WorldCom's books...
...Mutual curiosity helped too. York, Clark's black slave, was a hit with the Indians, hamming it up to break the ice. In time, relations grew friendly, even intimate. The men of the corps were soldiers, not saints, and their commanders were realistic men, not cartoon superheroes. Lewis carried a stockpile of medicine, including potions to treat venereal diseases. He found more than a few occasions to administer the stuff...
With conflicting emotions running deep among the tribes, Lewis and Clark boosters hope to bridge the divide by touting the expedition as "a journey of mutual discovery." Their fear: that Indian protests will mar the festivities, as happened during the 1992 Columbus voyage anniversary. "We're not going to repeat the Columbus debacle," says Michelle Bussard, executive director of the National Council of the Lewis and Clark Bicentennial. The nonprofit group has assembled a 30-member Circle of Tribal Advisers to promote Indian participation, and the National Park Service has chosen a Mandan-Hidatsa, Gerard Baker, to be superintendent...