Word: soups
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Employees at struggling big-name companies such as Gillette, Lucent and Campbell Soup have suffered some horrific losses in their 401(k) plans in the past few years. Dozens more plans of similar pedigree could implode at any time. Why? Too many companies have loaded their plans with too much of their own stock, leaving employees dangerously concentrated in a single security. Are you one of them...
Gillette has a whopping 66% of plan assets in Gillette stock, according to IOMA. That weighting crushed the company's typical 401(k) account as Gillette shares plunged 11% in the past 12 months and 36% in the past three years. The story is similar at Campbell Soup, where the stock, though up in the past year, has fallen 43% over three years. Other plans that have taken it in the chops include Procter & Gamble's, Norfolk Southern's and Cooper Tire's. In each of these cases, employer stock accounts for more than half of the plan's assets...
...Swallow spit soup in Hong Kong. It's a dessert made from swallow spit and blood...
...scientific director, somewhere in North America a young woman walked into a Clonaid laboratory whose location is kept secret. Then, in a procedure that has been done thousands of times, a doctor inserted a probe, removed 15 eggs from the woman's ovaries and placed them in a chemical soup. Two weeks ago two other Clonaid scientists, according to the group, practiced the delicate art of removing the genetic material from each of the woman's eggs. Within the next few weeks, the Raelian scientific team plans to place another cell next to the enucleated...
...corner is a live broadcast of the Israeli elections. Tonight Arafat's dinner seems more like a wake. His archenemy, Ariel Sharon, hasn't claimed victory yet, but with the earliest projections, Arafat has seen enough. He begins spooning up his daily bowl of vegetable soup, listening blankly as his companions talk approvingly of how Israeli Arab voters have deserted incumbent Ehud Barak...