Word: hutton
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...life of Woolworth Heiress Barbara Hutton (seven marriages, lavish escapades, hints of insanity) was chronicled as it happened, in gossip columns. A new biography of Hutton is also being talked about in the columns, but this time the whispers involve the writer and publisher, not the subject...
Then last month, in an unprecedented action, Random House abruptly recalled all 58,000 copies of the biography. What destined the volumes for the shredder was a threatened libel suit by Dr. Edward A. Kantor. Biographer C. David Heymann had portrayed the Beverly Hills physician as Hutton's "prematurely gray-haired" Dr. Feelgood, a trusted medical adviser since 1943. In fact, Kantor turned 14 that year, and he did not treat the alcohol-and pill-addicted heiress until...
When E.F. Hutton talks, school districts show big interest...
Listen to E.F. Hutton perhaps. Pennsylvania school districts have enlisted the services of the big broker and other investment consultants to help them boost the value of their tax revenues, which might otherwise languish in non-interest-bearing checking accounts or small savings accounts that today typically earn only 5¼% interest. Since March 1982, a number of districts have been pooling their tax receipts and investing the resulting millions of dollars in the Pennsylvania School District Liquid Asset Fund. The fund buys U.S. and state government securities, Treasury notes and bonds for example, earning interest of about 10%. Result...
...dollars, Pennsylvania districts have consolidated their revenues in order to negotiate top interest rates. Some states, Virginia among them, do not allow school districts to make their own investment decisions, but the idea of a pool is beginning to catch on. Michigan and Illinois are working with E.F. Hutton to set up an investment fund early in 1984. Comments James Betchkal, associate director of the Washington-based National School Boards Association, which is helping to organize the plan: "A lot of school districts are money poor, but very few are short of ready cash. We're finding that even...