Word: franklin
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...voters respond to applause lines like "I think the choice is the arms race or the human race." Simon may confound liberal orthodoxy by his support of a balanced-budget amendment, but the centerpiece of his domestic agenda remains an almost nostalgic $8 billion public jobs program, modeled after Franklin Roosevelt's WPA. There is a lingering suspicion that Democratic voters are just flirting with Simon before they pledge their troth to a more conventionally marriageable candidate. As a top strategist to a Democratic rival puts it, "There is a distinct limit to how much his support can grow...
...market growl found the sound just too menacing. During the last two weeks of October, shareholders drained a total of $13 billion out of stock mutual funds. Of that, $9 billion flowed into money-market funds, which hold Government securities, bank certificates of deposit and other sturdy investments. At Franklin Resources in San Mateo, Calif., redemptions in October reached $550 million, a level more than three times as high as in a typical month. "It was a stampede," said Monte Gordon, director of research at the Dreyfus group of mutual funds. "Everybody tried to run out the exit door...
...fund companies, since money-market and bond funds bring in lower sales commissions and management fees than stock funds do. Most fund managers hope that investors, after a period of cooling their nerves, will venture back into the stock funds. Says Edward McVey, senior vice president at Franklin Resources: "As soon as people got over the initial trauma of Black Monday, they were calling up to reverse their redemptions." Michael Lipper, president of Lipper Analytical Securities, is not quite so confident. "The panic is over," he says, "but the jury is still out on the comfort factor." Fund companies have...
Associate Sales Director: Franklin S. Roth...
Associate Sales Director: Franklin S. Roth...