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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 05, 1999
Page
4
Readers challenge Bruce Williams on network marketing. A correspondent asks about experience and research, arguing the industry relies on recruiting rather than sales. Williams defends his view, noting high turnover and the need for real product sales before recruitment.
A brief notice from Smart Mic indicates general interest questions will be answered in future columns. The column states that due to high mail volume, personal replies cannot be provided and gives a P O Box address in Elfers Florida for correspondence.
Fidelity Investments tells 30 000 frequent callers to go online or use an automated system instead of awaiting a personal representative. Letters to 25 000 customers urge use of the Web site or automated line, after a similar 5 000 notice last year. Critics call the move offensive, though supporters cite cost cuts as human calls cost 13 dollars versus 1 for automated.
Fort Wayne plans a one year eighty thousand dollar contract with Development Counselors International to place national media stories about the city. Mayor Helmke recalled Toledo success with the agency and says the goal is broader attention for Fort Wayne in 1999. Local leaders praise PR as key to marketing the city’s business opportunities.
The Dow Jones Industrial Average closed above 10,000 last week, ending at 10,006.78. Mutual funds posted modest gains, with stock funds rising 1.63 percent versus the Dow's 6.6 percent advance, while the S&P 500 rose 4.6 percent. International funds led quarterly gains, with Japanese funds up 15.8 percent and Latin American funds up 11.6 percent. The Investment Company Institute also reported a February dip in stock fund assets and a plunge in new inflows from January.
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