Word: thompson
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...Thompson, 62, certainly miscalculated. A bookkeeper for an electrical contractor, she retired in May 2000 mainly on the security of $300,000 in a company profit-sharing plan. But the bear market has claimed half of her retirement pie, and Thompson, a divorce, recently gave up hope of finding a job in her hometown of Chesterfield, Mo. She will start looking again in the fall, she says. Her money had been invested in a mix of bonds, tech stocks, blue chips and large-company growth funds. She's kicking herself for not investing more conservatively...
...savings, shifting more heavily into bonds as well as value funds and funds that invest in small and middle-size companies--which have held up best. But even conservative stock portfolios loaded with dividend-paying companies and real estate holdings have begun to melt away in the past month. Thompson now understands that she must work at least part time. "I watch my money, and I don't spend extravagantly," she says. "I'm realizing that the growth in money I thought I would have for my later years just won't be there...
DIED. COLONEL FLOYD J. THOMPSON, 69, the longest-serving prisoner of war in American history; of unknown causes; in Key West, Fla. After his plane was shot down in northern South Vietnam in 1964, Thompson endured physical and mental torture, including being hung by his thumbs, and five years in solitary. He stayed sane, he said, by building an imaginary house he and his wife would live in once he was freed by the Viet Cong--which he finally was, after nine years...
...With reporting by Massimo Calabresi and Mark Thompson/ Washington, Scott MacLeod/ Riyadh and J.F.O. McAllister/London
...DIED. COLONEL FLOYD JAMES THOMPSON, 69, the longest-held American prisoner of war in Vietnam, who was captive from 1964 to 1973; in Key West, Florida. Imprisoned in the notorious Hanoi Hilton, Thompson was beaten with bamboo sticks, suspended by his thumbs and escaped five times, only to be recaptured. He was held for 3,278 days...