Word: bonding
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...nation's traditional views on suicide, Jack Kevorkian -- Dr. Death -- has been taken prisoner. The 65-year-old retired pathologist was hauled into a Detroit courtroom last Friday to face charges of violating a new Michigan law that makes assisting suicides a crime. He went limp rather than post bond and had to be dragged out by the arms, his legs scraping the floor. "I won't eat," he vowed. Like a one-man Greek chorus, his lawyer intoned, "We are now beginning the death watch...
...millions of Americans who have poured a record torrent of their hard- earned cash into mutual funds, this should be the best of times. Last Thursday the Dow Jones industrial average went over 3700 for the first time ever, bearing with it the yields on many stock and bond funds. The average aggressive-growth fund has risen 29% in the past 12 months. Corporate-bond funds gained 13% overall. Commercial banks, fully aware how anemic their certificate-of-depo sit rates look in comparison, are actively luring customers into the wealth-generating world of funds. As a result, mutual funds...
...manager had credited lucrative trades to his employee profit-sharing plan while dumping lesser transactions on two mutual funds. Also last month, First Investors Corp. settled charges brought by five states that had accused the firm of misleading customers, many of them retirees, who bought First Investors' risky junk-bond funds. The company agreed to pony up a total of $33 million in restitution, the most ever paid by a mutual-fund firm...
With the bull market now entering its fourth and perhaps final year, is it time for the little guy to get out? Not Gerald McCoy. A retired Arizona engineer, McCoy put his life savings of nearly $400,000 into stock and bond funds when he took early retirement in 1991. "I'm very squirrelly right now," he concedes. "This bond market has lasted long enough to make you feel queasy. If a correction happens tomorrow, though, I'll leave my money where...
...like many members of the Faculty, we askto speak to alumni," says John P. Reardon '60,executive director of the Harvard AlumniAssociation. "He's a very effective speaker, andvery interesting. I think he's very popular. I dothink that alumni do form a bond with Facultypeople they get to know...