- Making News: Growing Evidence of Mutual Fund Abuses
After more reports of scandal in a $7 trillion industry handling investment for 95 million people, Illinois' Republican Senator Peter Fitzgerald declared mutual funds -the world's largest skimming operation.- Tom Lauricella, mutual funds reporter for the Wall Street Journal, has more on the alleged abuses, the SEC, and possible redress for investors.
- Reporter's Notebook: The Politicization of Disasters
President Bush toured California-s devastated fire zones today, an area he-s already declared a -major disaster.- That means billions of dollars in federal aid. This is the fiftieth -major disaster- declared by the President this year, which means more than one a week, double the average number of disasters declared in the 1980-s. David Rosenbaum has written about the politics of disaster declarations for the New York Times.
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