Money funds riskier if derivatives used to chase returns
Derivatives can boost yields but raise risk for money market funds which aim to keep a dollar per share. Report notes occasional “breaking the buck” events, SEC tightening on derivatives, and industry voices urging caution with holdings and exposure. Emphasizes selecting funds by investments not just yield.
MENTIONED IN THIS ARTICLE
Wall Street
Treasury Security
Securities and Exchange Commission
SEC
Richard Roberts
Federal Deposit Insurance
Louise Nameth
Norman Fosback
Outlook
Bruce Bent
Bent
Lawrence gains senior housing with two new facilities
Lawrence welcomes two new senior housing developments. Drury Place at Alvamar, a 67 unit project near 15th Street and Kasold Drive, and Sterling House, a 38 room assisted living facility at Princeton Boulevard and Peterson Road, aim to expand options for elderly residents. Developers note strong demand as retirees move to Lawrence, with existing centers increasing care levels from independent living to skilled nursing.
MENTIONED IN THIS ARTICLE
Lawrence
Drury Place
Alvamar
15Th Street
Kasold Drive
Sterling House
Princeton Boulevard
Peterson Road
Don Eby
Olathe
Kansas
Don Rolley
City
Kansas University
Rolley
Brandon Woods
Birnbaum
Lawrence Presbyterian Manor
Dorothy Devlin
Presbyterian Manor
Birnbaum and
Devlin
Private eyes screen babysitters amid rising nanny risk
New York parents hire PIs to vet sitters after a child falls ill and bills spike. Detectives Cialone and Beltrante expose a neglectful nanny on video, while agencies and researchers note more families seek background checks, driving records and credit histories, with costs rising from two hundred to five hundred dollars.
MENTIONED IN THIS ARTICLE
New York
Joseph Cialone
Nicholas Beltrante
Alexandria
Cialone
Beltrante
Ralph Thomas
National Assn. of
Austin
Texas
Dialone
Flushing
Queens
Inc
Dana Friedman
Families and Work Institute
Wendy Sachs
International Nanny Assn
Norfolk
Neb
Philadelphia Nanny Network Inc
Sachs
Thomas
The
ChildCare Registry Inc
Danville
Calif
New Jersey
Value of Columbia Savings stock through mergers
A Columbia Savings share would have grown through the Met Federal and First Bank System mergers from $10 to $24.66, then convert to 4.53 shares of First Bank System valued at about $32 each for a total around $145. Kent Earl notes holding stock outperformed cash by nearly 50 percent in a little over a year.
MENTIONED IN THIS ARTICLE
Columbia Savings
Metropolitan Federal Bank
First Bank System Inc
Kent
Earl
Lawrence
Metropolitan Federal
Metropolitan
First Bank System Fee
Also Mentioned on This Page
Jane Bryant Quinn
Jeff Birnbaum
Brandon Woods Retirement Community
15Th and
Inverness Drive
Eby
Mike Yonen
Joui Nat-Woa
Drury
St. Andrews and
Seminole Drives
Kasold
Pis
Journal-World
Vn Health &A Wellness
Back Fitness
Lawrence Memorial Hospital
Maine
Fox
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