Clinton predicts quick settlement of UPS strike
President Clinton suggested negotiators were near a deal in the two week UPS strike as Teamsters officials tempered the outlook. Labor Secretary Herman canceled a California trip to monitor talks while union leaders briefed locals on the progress.
MENTIONED IN THIS ARTICLE
Clinton
UPS, Teamsters
Ashington
United Parcel Service
Teamsters
Iowa
Martha's Vineyard Island
Mass
Matt Witt
Alexis Herman
California
Ron Carey
Elliott
Holocaust insurance suit seeks billions from European firms
An American lawyer filed a $16 billion suit on behalf of Holocaust victims and heirs against 16 European insurers including Winterthur Basler and Zurich Insurance alleging policies from the World War II era were not paid. Hearing set in New York. The action mirrors a parallel $20 billion bank case and ties to Volcker led efforts to recover dormant assets.
MENTIONED IN THIS ARTICLE
Zurich
Switzerland
Edward Fagan
Fagan
New York
Winterthur
Basler
Zurich Insurance
U.S. Federal Reserve
Paul Volcker
Volcker
Human gene tied to worm aging suggests longevity link
Harvard researchers compare a worm daf-2 gene to the human insulin receptor, noting parallels in lifespan extension from reduced calories. The study connects insulin receptor activity to aging, while acknowledging diabetes risks and a 14 year old with a similar mutation.
MENTIONED IN THIS ARTICLE
Washington Post
Harvard University
City Brief: Classifieds and Local Notices
Brief city notices appear from Abby births to deaths and editorial notes. The page includes items like comics and community updates with standard city line classifications.
MENTIONED IN THIS ARTICLE
Cityline Classifiee
Compute
Crisscros
Crypto
Restitution Program Aims to Curb Cedar Rapids Drug Trade
U.S. Attorney Stephen Rapp seeks a Cedar Rapids program by Nov 1 to return court ordered restitution to neighborhoods and capture proceeds from seized drug dealer assets. The plan, Community Restitution for Drug Crimes, would hire a victim witness coordinator, notify victims, and broaden restitution nationwide in Iowa's Northern District.
MENTIONED IN THIS ARTICLE
Dick Hogan
Gazette
U.S
Stephen Rapp
Cedar Rapids
Department of Justice
Rapp
Iowa
Fear of losing money undermines investors
Chicago. A psychologist says fear of loss, not poor judgment, drives many investors to sell after declines. Maury Elvekrog of Seger Elvekrog urges a moderate risk tolerance, noting many Fidelity Magellan investors exited during downturns instead of buying.
MENTIONED IN THIS ARTICLE
Chicago
Maury Elvekrog
Seger-Elvekrog Inc
Bloomfield Hills
Mich
Dow Jones
American Psychological Association
Elvekrog
Fidelity Magellan Mutual Fund
Elvekrog Highlights Investor Psychology Pitfalls
Maury Elvekrog lists three psychological stumbling blocks in investing including market momentum belief in ongoing declines from the 1980s, overreacting to small price changes, and crowd conformity. Bernard Murstein of Connecticut College endorses the view that investors should buy solid businesses for long term payoff despite short term fluctuations.
MENTIONED IN THIS ARTICLE
Elvekrog
Bernard Murstein
Connecticut College
New London
Murstein
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