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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 13, 1995
Page
10
Pennsylvania retiree Rosen lost money in Fidelity Spartan Short Intermediate Government Fund and sues in state court alleging fund misrepresented risk and maturity. She says most assets were long term mortgage backed securities, not two to five year bonds as promised, and seeks recovery.
A reader questions money given to charities, noting involvement in a fundraiser. The columnist cautions Americans are generous yet often unaware of how funds are spent, urging scrutiny of expenses and executive salaries. Legitimate charities invite inquiries. dubious ones should be avoided. Send questions to Smart Money for future responses.
Kevin and Mary Elizabeth Albano of Trumbull participate in tryouts for Wild Wooly a Parker Brothers game unveiled at the 1995 Toy Fair opening in New York City. Jessica Aike introduces transformable at a backpack by Tyco Toys Inc Looney Tunes Backpacks and talking plush toys and T shirt Pals from Warmer Brothers.
The company said on Friday it has enough replacement workers to operate the plants that were struck in July. If striking workers wish to return, they will be placed on a priority hiring list. Bridgestone Firestone originated in Akron and later moved to Nashville, Tennessee, where its headquarters are now located.
Merrill Lynch broker Michael Stamenson defends risk labels as "different things at different times" while public funds like San Jose and Orange County face losses. Critics question conflicts of interest in securitizing for one client and selling to others, and demand clearer disclosure to sophisticated municpial buyers.
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