Mutual Funds Reform Aims to Cut Fees and Sales Charges
The SEC's 346 page report urges sweeping changes to the mutual fund industry, proposing cuts to sales charges by about half, lower advisory fees, and curb the front end loads. It also recommends exchanges offer discounted commissions for institutional buyers including mutual funds. The commission plans legislation to amend the 1940 Investment Company Act, with the goal of boosting investor protection while preserving market structure. American investors number over 3.5 million fund owners with assets near 338.2 billion.
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Congress
Securities and Exchange Commission
SEC
Commission
Manuel F. Cohen
Cohen
Berkeley Strikes See Limited Class Disruption
UC Berkeley Chancellor Roger W Heyns said the recent classroom walkouts had limited effectiveness with only a small number of classes halted amid heavy rain and signs obscured by crowds. A state inquiry into student unrest was announced as legislators planned campus hearings without criticizing the university administration.
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Berkeley
University of California
Roger W. Heyns
Heyn
Reagan Urges Berkeley Demonstrators to Obey Rules
Governor-elect Ronald Reagan lashed Berkeley demonstrators urging them to obey campus rules or leave, and warned employers of university staff to terminate those who undermined order. He framed the issue as establishing rules for a freely funded education and cited police action and Navy recruiting protests as part of the campus unrest.
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People of California
Ronald Reagan
University of California
Berkeley
Reagan
Ee A
Heyns
Ambassador Hotel
Ant
Llos Angeles
Navy
Belgia
Mélea
Tablel
Reagan to See Sen Kuchel in Los Angeles Meeting
SACRAMENTO UP I Gov elect Ronald Reagan will meet Wednesday in Los Angeles with U S Sen Thomas Kuchel R Calif Reagan's Sacramento headquarters reported Friday It will be the first meeting between the two since Reagan won his landslide victory May 8 Kuchel a liberal Republican refused to endorse Reagan's candidacy.
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Associated Students
Los Angeles
Ronald Rewpan
California
Sacramento
UPI
Ronald Reagan
Los Anipeles
U.S
Thomas Kuchel
R-Calif
Reagan
Kuchel
Massive storm moves into Southland with heavy rain
A sprawling storm system targets Southern California for a long weekend, bringing wind driven rains and 30 mph gusts. Coastline warnings issued as small craft advisories blanket California waters and upper elevations expect heavy snowfall. Long Beach reports .25 inch of rain by midnight while harbors brace for rough seas and gusty winds.
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California
Lala Priday
U.S. Weather Bureau
Long Beach
Southland
Los Angeles
I Shipping Groper
Lnrst
Inactive California Nurses Spark Calls for Action
38,000 inactive RNs in California highlighted by Dean Hassenplug of the Instant Nurses Association. She cites 300,000 registered nationally and 900,000 in California, calling the computer system stupid and urging programs to return inactive nurses to active work. She notes pay and conditions have improved and advocates more flexible part-time options, with a push to bring inactive nurses back into continuing education.
MENTIONED IN THIS ARTICLE
Dean Hassenphig
California
Advisers Predict Balanced Growth Under LBJ Policy Push
President Johnson heard Friday from Gardner Ackley chair of the Council of Economic Advisers and Joseph Califano Jr a Johnson aide that growth should be balanced and moderate with inflation pressures fading though no prospect of a recession. They outlined their views in the new Austin office during a briefing with Johnson and his two Washington visitors. Also announced was the release of 150000 tons of copper from the national stockpile to ease shortages affecting military production.
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New York Times
Austin
Tex
Johnson
Nas Council of Economic. Ad‘gers
Gardner Ackley
Council
Joseph A. Califano Jr
Towinson
Washington
Mornemng
Alameda District Attorney Reports Campus Fight Arrests
A campus disturbance in Alameda County led to police involvement. Ten people including six nonstudents were arrested. Chief Deputy Lowell Jensen stated potential penalties up to a year in jail and heavy fines amid talks of amnesty room for participants.
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Alameda County
Jsons
Lowell
Jets Hit Near Hanoi In Major Viet War Raid
UPI reports American jets and southern suburbs smashed a Communist depot five miles from Saigon, a large armored thrust near Hanoi, and a bombardment of North Vietnamese targets. The Pentagon said February draft calls would total 10,900, the smallest since 1965, part of a plan to clear Guard and Reserve training backlogs.
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Saigon
UPI
Thailand
Hanoi
U.S
North Vietnam
Radio Moscow
Pentagon
Zero Weather Likely for 10 States Today
A massive winter storm brought heavy snows and near zero temperatures from the Great Lakes to New England. States including New York Pennsylvania and Ohio faced blizzard conditions with 18 inch to 24 inch accumulations and drifts up to four feet. The Weather Bureau warned of zero or subzero readings as the system disrupted travel and forced closures along key corridors including a 41 mile section of a New York throughway. Emergency crews worked around the clock in Erie Pennsylvania to clear streets after heavy snowfall paralyzed traffic.
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Great Lakes
Mayville
New York
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Ohio
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Oregon Cascades
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Mont
Weather Bureau
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Maine
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Pennsylvania Line
Silver Creek
N.Y
Buffalo
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