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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 28, 1996
Page
16
Roger Leisner, 50, pursues distributing taped speeches from leftist and fringe voices to free air time across the nation. He aims Radio Free Maine toward a commercial venture while stating the goal is not to earn a living. His activism began in 1965 after a draft notice while at Southern Illinois University.
In Columbus, Ohio, Borden Inc faces a $6 billion in sales but losses as former Duracell head C Robert Kidder leads a reboot. He cites stagnant investment, bloated structure, fuzzy financials, and aims to split into 11 autonomous units to restore accountability and speed up decisions. Executives applaud the plan as a path to focus and ownership.
New York reports rising consumer debt drawing worry from lenders, economists, and lawmakers while debt collectors cheer. Agencies say business is booming as late payments and write-offs rise. State Collection Service in Madison expects a busy season as overdue holiday debts are pursued, highlighting the link between debt growth and collection work.
Detroit area market watchers note dog treats like pig ears fuel a rising global pet goods boom. Industry leaders warn the market could reach into the billions as baby boomers drive demand for outdoor gear collapsible bowls and gourmet items.
In Portland and Seattle a tea revival grows beyond coffee culture with formal afternoon teas for business and after-work gatherings. British owner sisters Sarah and Judith Bennett, drawing on crumpets and pies, operate Tea Gardens in Portland and offer over 300 varieties of tea from around the world, expanding a niche market.
Diversity offers the core defense of mutual funds against market shocks. By spreading investments across many assets, funds reduce risk and cushion bear markets, recessions, and inflation. While not guaranteeing against losses, diversification has underpinned the fund system for over seven decades.
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