Word: sec
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...accountable, require that fees, historically stated as a percentage of assets, appear as dollars for every $1,000 invested. The idea is to help investors comparison shop, but critics say the measures don't go far enough since a hypothetical $1,000 is not the actual amount invested. The SEC will also require funds to disclose their holdings four times a year instead of twice. --By Barbara Kiviat
...boat built for a crew of 10 and sleeping just four hours a day, Frenchman FRANCIS JOYON, 47, set a new world's speed record for a solo trip around the world. He began his voyage on Nov. 22 and, 72 days 22 hr. 54 min. and 22 sec. later, crossed the finish line off his home port of Brest--beating the old record by an astonishing 20 days. "I'm really happy to be home," he said upon his return. "You are really alone...
...schooled (Fordham) and employed (as the mellifluous morning man on WCBS news radio). Yet his bow tie, wry good nature and weakness for writing up a story in helium-light verse marked him as a Kuralt cousin. He joined the CBS network in 1971 and filled a daily 90-sec. slot called ?The Osgood File? (it?s run on 350 stations) as well as serving, for five years, as a host of the CBS morning show, which for 50 years now has been broadcast live from the Death Valley of Nielsen ratings. ?CBS SM? was the ideal perch...
...cream-colored plastic tube that is open at both ends and extends from above the head to about the waist. After taking preliminary scans to establish basic brain anatomy, the 12-min. experiment started. First the subject looked at the photograph of the beloved on the screen for 30 sec. as the scanner recorded blood flow in various brain regions. Next the subject was shown a large number and asked to count backward for 40 sec. The participant then looked at the neutral photograph for 30 sec. while the brain was scanned again. Finally the subject was shown another large...
...Archway cookies. On Friday, dozens of company workers and small shareholders in Collecchio - Parmalat's headquarters and Tanzi's birthplace just outside Parma - stormed local banks demanding refunds on their original investment. Investors, creditors and regulators are on the warpath too: last week, the U.S. Securities and Exchange Commission (sec) filed suit against Parmalat in New York district court. But who is Calisto Tanzi, and how did he become embroiled in what the sec claims is "one of the largest and most brazen corporate financial frauds in history"? Prosecutors allege that over the past decade Parmalat created an elaborate house...