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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 05, 1998
Page
7
Dear Bruce explains that paying minimums traps you in debt and urges max payoff so card can be useful again. Also notes beware balances beyond means. A separate Q&A clarifies there is no penalty to convert a traditional IRA to a Roth IRA, but taxes must be paid.
Readers are invited to send questions to Smart Money at P O Box 503 Elfers Florida 34680 or via email at bethlilgte net The column will address questions of general interest in future editions and personal replies cannot be provided due to high volume.
The FTC is examining whether Cisco Systems discussed illegal market division with Lucent Technologies and Northern Telecom. Cisco says talks were lawful and will cooperate. Experts note such pre competitive discussions can be legal if they link complementary strengths but risk violation without clear benefits.
The piece argues that panic buying drives up Treasury prices and lowers yields, making fixed income less attractive. It notes a 4.84 percent 30-year yield and discusses implications for the yield curve, inflation, and investor expectations amid a large U.S. budget surplus and global uncertainty. It contrasts market behavior with normal business logic and suggests possible policy or duration shifts.
Akron AP Ohio's HMO industry is ill and may need managed care as losses mount. After a $59.7 million loss last year only 10 of 31 HMOs were profitable in 1997 and most lack funds to meet obligations. Experts warn premiums could rise services cut or mergers emerge amid rising drug costs price wars and dwindling Medicare reimbursements.
Early quotation supplied by Akin Investment Securities through Walnut Street Securities Inc a NASD SIPC member AISG. Asset managers are dependent on WSS.
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