Poor Rich Men in a Slump Highlight Stock Gamble Losses
Alan Greenspan notes that the well to do share in suffering though stock brokers lack unions. A 1960s option left a executive with $35,000 stock value and $175,000 debt, now collateral calls and 13 percent interest push him toward losing his quarter million estate. Many lenders report late payments as inflation and recession bite, with rich and small borrowers alike strained until markets recover.
MENTIONED IN THIS ARTICLE
Ed Darby
Federal trade asked to take stand on ads
Regulators face pressure from ASH and others to curb cigarette advertising linking smoking to vitality and outdoor life. A Public Communications filing charges that S M ads promote strength and health despite health warnings. Calls grow for larger warnings or a ban on outdoor ads. Idaho Lung Association offers information and a Christmas Seal appeal.
MENTIONED IN THIS ARTICLE
Federal Trade
Federal Trade Commission
S & M Cigarettes
FIC
Action On Smoking and Health
ASH
Idaho Lung Association
Camas Street
Boise
Idaho
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Alan Greenspan
Council of Economic Advisers
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KRAFT
REG 169
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Mae
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Preston
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