Inflation Peril for Retirees in Shulsky Column
Sam Shulsky warns retirees about inflation eroding purchasing power and the need to balance retirement portfolios. He argues stocks, bonds, and real assets must be weighed against rising costs and timing of capital gains. The piece analyzes how inflation impacts "reserve two to three" percent protections and suggests cautious asset mix adjustments for longevity.
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Sam Shulsky
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Chave Wiags
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Lennie
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Swine Flu Still Alive in U S CDC Warns
ATLANTA SPI reports the CDC warns an ongoing swine flu strain could spark an epidemic. Dr. Walter Dowdie notes uncertainty over future case numbers and emphasizes vigilance as a nationwide containment program followed the appearance of swine flu illnesses in 176, with 21 deaths attributed to the outbreak.
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Center For Disease Control
Walter Dowdie
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Ad Man Back in Office Ad Man Back in Office
In San Francisco AP reports a reshuffle in the Newspaper Adventiona Buyediathe board. A. Sila of Minneapolis Star and Tribune becomes chairman of tri bureaus chart of directors while H Cowles III publisher of Spokane Spokesman Review is named vice chairman. Several officers are reappointed and a retiring Baltimore Sun president Willan H W Schmick Jr is honored. The bureau dates from LaLa with membership across the United States and Canada.
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We Kew Yors News
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Frank Depnack
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Baltimore Sun
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United States
Canada
Downward Market Tilt Hits New York Stocks
New York stocks declined as investors reacted to administration concerns and weak earnings. Major NYSE issues such as Exxon and Merck moved lower amid broad selling, with the Dow and broader averages showing notable declines.
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NEW York
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New York Stock Exchange
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Pacific Petrieums
Exxon
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Merck
Americem
Turer Iadersi
Stock market drift and faded volume on midmorning trades
A chaotic overheard tape shows widespread price quotes across many NYSE issues with little clear direction. Traders note light activity and tentative moves as indices hover near previous session levels, while several blue chips display narrow gains amid mixed earnings signals.
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