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...Monday, it was a letter of support signed by Gerald Ford, Jimmy Carter and George Bush the elder, and a grave nod from Alan Greenspan. Tuesday it was Carter, Ford, Henry Kissinger and James Baker alongside Clinton and Gore in an East Room press-fest to tout the wondrous effects free trade will have on the Big Red One - and on American business. Democratization, capitalization, improved human rights in China, more jobs and less trade deficit for the U.S.: All the rosiest outlooks were on display, including the one about how a few decades of free trade could very well...
WHEN IGNORANCE IS BLISS If those mutual-fund ads that tout amazing returns look too good to be true, it could be because they're ignoring NASDAQ's 23.5% nose dive since March 10. Such backward-looking ads reflect the previous quarter's or even the previous year's returns. And with many funds driven by weighty tech holdings, last year's results may look brighter than those of the recent past. Of course, some funds may have thrived despite the latest downturn. But the NASD and the SEC are taking a hard look at what could be overly rosy...
...while Kaplan and Princeton Review often tout their financial aid programs to critics, they never advertise them to the public, according to historian Nicholas B. Lemann...
Banks used to market themselves based on service, convenience and low checking fees. From now on, they could also tout themselves on the basis of who's the least annoying. That's after Chase Manhattan, America's third largest bank, announced Tuesday that it will no longer sell information about its customers' finances to telemarketers, and won't release any information at all without written consent. It wasn't an entirely selfless move - New York attorney general Elliot Spitzer, who accused Chase of violating the self-imposed contract terms of its new accounts, nudged the bank into reform...
...while administrators tout their successful initiatives, other plans for the College have fallen by the wayside--most notably, a proposed student center...