Investment Advice Leaves Much To Be Desired
James Cloonan founded the American Association of Individual Investors to help small long term investors with education and guidance. He criticizes brokers and many mutual funds, urges diversification, warns against large one time moves, and promotes AAII with a 39,000 member base and yearly fees.
MENTIONED IN THIS ARTICLE
New York
James Cloonan
American Association of Individual Investors
AAIL
Cloonan
AAIT
DePaul University
Heinold Securities
AAN
AAI
Two Sides To The Fence Reagan Tells Protesters
President Reagan challenges demonstrators to target both communist regimes and Western democracies at a nuclear disarmament conference. He notes sincere protesters but questions motives of some organizers as he heads to New York for the UN session. A Texas fundraiser raised over 3.5 million dollars, a record, with Walter Mischer chairing. Reagan’s return to the hotel was delayed when his Lincoln stalled in traffic due to carburetor trouble.
MENTIONED IN THIS ARTICLE
Houston
Reagan
Washington
Texas
William Clements
Walter Mischer
White House
Larry Speakes
Secret Service
Speakes
Storms Leave Trail Of Damage And Death
Storms sweeping the central United States killed at least seven people and caused widespread destruction. A passenger train hit a wall of floodwater near Emerson Iowa, killing a 19-year-old woman and injuring 16. Towns including Hastings Iowa and nearby Glenwood and Malvern faced major flooding, with hundreds evacuated. Michigan saw three deaths and 57,000 homes lose power amid six tornadoes, while Ohio reported 81 mph winds and a fatal fall from a downed power line in Kansas City and Missouri losses from a tornado and toppled tree in the Mark Twain National Forest.
MENTIONED IN THIS ARTICLE
Eric Kramer
Kansas
Iowa
Nebraska
Arkansas
Ohio
Lake Erie
Great Plains
Bill Parker
Hastings
Awa
Indian Creek
San Francisco
Emerson
James McVay
Glenwood
Malvern
Michigan
Pontiac
Jackson County
Detroit
Clyde Smith
Bowling Green
Wood County
Mark Twain National Forest
Wanda Hall
Tax Cut Brings Small Paycheck Gains in July
Washington(AP) A median-wage worker with a spouse and two children will net about $6 more per week starting July as withholding falls to $53.60 from $62.90, a 10.1 percent drop. The change, part of a staged tax cut, will vary by earnings and family status, with a single filer at $100 weekly seeing only 40 cents less withheld and a $1,000 weekly earner saving up to $13.40. Most taxpayers will not notice big shifts in refunds or owed taxes next spring, as withholding aligns with actual tax reductions. The Treasury notes a second stage arrives July 1, 1983 unless Congress acts. Despite the cut, Social Security taxes and bracket effects will offset gains, with a one-earner, four-member family at median income facing net federal tax increase of $127 due to higher Social Security taxes totaling $2,171, reflecting changes in rates and allowed earnings.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Congress
Reagan
Treasury Department
Also Mentioned on This Page
Cunniff
Plainess Analyst
Iron Curtain
United Nations
Andrei Gromyko
Moscow
Missouri
Ray Rogers
Kansas City
Fr. Co
Pearl Petersen
Iggo' Saut
American Cancer Society
Alco Discount Store
S. Main
Ottawa
Town & Country Supply
Pla
Softone
Wy. the
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