Word: caps
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...didn't you give Bush enough brains to understand that it is in the best interests of the people of the U.S. to put a limit on the amount of CO2 emitted into the atmosphere? We in Europe also don't want to hurt our economy by putting a cap on greenhouse-gas emissions. We are educated enough, however, to understand that we have to do this now to avoid serious environmental and economic disasters in the future. ERICH WACKER Heilbronn, Germany
...head of the American Trial Lawyers Association in the 1980s forged a decades-long alliance with Nader organizations. Trial lawyers defending victims of corporate negligence have gotten rich from juries educated by three decades of Nader?s consumer crusades. But that relationship has now ended. Bush wants to cap the damages juries can award to plaintiffs, cutting into lawyers' fees?and the lawyers blame Nader. Even though he no longer even sits on their boards, his old organizations are feeling the brunt of the lawyers' anger. Public Citizen, run by Nader proteges, raised $150,000 less than usual in December...
...about $300 million worth of Pfizer in his funds. Merrill Lynch analyst Steve Tighe is high on the new products coming from Pharmacia, which has partnered with Pfizer to launch a new anti-arthritis drug. And he says Elan is attractive since it trades at a discount to large cap and specialty-drug stocks...
DOUBLE WHAMMY Of the 2,841 mutual funds that lost money last year, 81% added insult to injury by slamming investors with capital-gains distributions. Standish Small Cap Equity was the worst offender, with a 65.4% payout on top of a 19.3% loss. On average, taxes eat more than 2.5% of returns, and starting this week fund profiles will have to disclose expected tax bites...
...Apex Mid Cap Growth -76.0% 21.8% ProFunds Ultra OTC -73.7% 12.2% CS Warburg Pincus Japan Small Co. -71.8% 50.4% Internet Index Fund -70.9% 9.3% ING Internet...