Class action lawsuits good for lawyers by vei21189


									PAGE 4D                                                                                  Laredo Morning Times                                                                         Sunday, May 17, 1998

                                                                                          Local News
Money Wise

Class action lawsuits good for lawyers
BY MARILYN COHEN                  than a AAA bond, forget it.         Farther south, yet still part of
                                  It’s not worth the risk. There      the Pacific Rim, is Australia.
  Q. I am constantly reading      are better speculative plays        According to Ed Hyman’s
about law firms filing class      out there.                          International Strategy (an
action lawsuits against pub-        Q. You have answered              investment industry newslet-
licly-owned companies on          many questions about Dow            ter), Australian manufactur-
behalf of their shareholders.     Diamonds, but I have two            ers are expecting exports to
  I have been part of a couple    more. If one or two Dow             plunge to their worst levels.
of these suits over the years     stocks have huge moves,             While Australian corporate
and don’t believe such            how is the Dow Diamonds             profits before tax and depre-
actions are to the benefit of     price adjusted? Also, what is       ciation have already dropped
the     shareholders.     How     the value of the Diamonds           4.5 percent.
much, on average, do share-       versus the Dow Index?                 If the Pacific Rim numbers
holders actually collect from       A. The Dow Diamonds is a          will have any influence on
these lawsuits?                   trust investment with an            U.S. statistics, the effect will
  A. In my opinion, lawyers       administrator.                      be evident when corpora-
deserve their reputation as         At the end of each trading        tions announce first quarter
the lowest form of life on the    day, shares are purchased or        earnings.
food chain.                       sold to rebalance the invest-         Q. We have a sizable
  Oh, I’m sure there are good     ment to the proper weighting.       amount of money put aside          Story telling, for kindergarten and first grade students, is one of the courses
and honest attorneys, but I       Diamonds represent one-             in our Individual Retirement       offered at LCC’s ‘Kids and Teens College.’
have yet to meet them. The        hundredth of the Dow. If, for       Account (IRA). With all this
class action lawyers, in my
opinion, are the worst!
According to J. Michael
                                  example, the Dow closes at
                                  9,100, the Diamonds close at
                                  $91 per unit.
                                                                      talk about the new Roth IRA,
                                                                      who should be moving
                                                                      money from their IRA to a
                                                                                                         LCC offers ‘Kids and Teens College’
Rinson, editor of Investment        Q. Are there any mutual           Roth IRA?                             Laredo Community College           Level        II       (2nd-5th    Computer Graphics and the
                                                                                                         will offer youth an opportunity     graders)...8:30-9:30        a.m.-   Internet for 9th+ graders, stu-
Digest (800-229-2005, one-        funds that specialize in              A. Young people in their 20s
                                                                                                         to surf the Internet and make a     Cheerleading ($20), Cooking         dents will surf the ’Net and
year subscription: $89.95),       socially acceptable invest-         and 30s with $50,000 or less
                                                                                                         splash in the College’s new         is Fun and Easy ($35), Math         learn how to download infor-
“when it is all said and done,    ments for a very religious          in their IRA are good candi-
                                                                                                         junior olympic swimming pool        Made Fun ($25), The World of        mation and graphics for acad-
such class action suits yield     person? I don’t want to invest      dates for making the switch.
                                                                                                         during the annual LCC Kids &        Science and Nature ($25             emic use.
$5 to $24 million for the         in a fund with tobacco or           The reason?
                                                                                                         Teens College. New this year        p/supplies); 9:40-10:40 a.m.-         A “Supervised Activity and
plaintiffs’ attorneys while       drinking stocks.                      The tax consequences are
                                                                                                         is the addition of specialized      Karate ($20), Arts and Crafts       Recreation” period will be
stockholders may receive an         A. Yes, the one that comes        mild and their earnings
                                                                                                         curriculum for kindergarten         ($25                p/supplies),    available for early drop-offs
average check of $60 to           to mind is the Domini Social        potential for the next 30 to 40
                                                                                                         and first grade students.           Cheerleading ($20), Sports          (7:30-8:15 a.m.) and late pick-
$200.”                            Equity Fund (800-762-6814)          years is great. Those individ-
                                                                                                            Parents are welcomed to          and Games ($20), Reading            ups (12:40-1:40 p.m., 1:45-
  This group knows how to         that invests in socially            uals in their late 40s and
                                                                                                         register their children for         and Writing is Fun ($20);           2:45 p.m., 2:45-3:45 p.m.) for
grease their own palms, peri-     screened companies.                 beyond with more than              Session I which runs from           10:45-11:30 a.m.- Supervised        an additional $20/period.
od. What a pity that the legal      Its literature says it is a no-   $500,000 in their IRA should       June 8-19 and Session II from       Break; 11:35 a.m.-12:35 p.m.-         For more information about
system is so crooked.             load fund that “strives to          think long and hard before         June 22-July 3. This year’s         Sports and Games ($20),             Kids & Teens College, call
  Q. I’d like to buy municipal    avoid companies with signifi-       making the switch. The tax         Kids & Teens College features       Math Made Fun ($25), Karate         721-5374.
bond funds since I am a           cant revenues from alcohol,         burden would be too oner-          expanded course offerings           ($20), The World of Science
small investor. What kind         tobacco, gambling, nuclear          ous.                               and personalized scheduling         and Nature ($25), Computer
should I buy?                     power and weapons con-                (Editor’s Note: Marilyn          making it the most convenient,      Basics ($30), Western/Tejano
  A. According to Mutual          tracting.” It has a minimum         Cohen is president of              affordable and enjoyable            Dancing ($20); 12:40-1:40
Fund News Service, out of         investment of $1,000.               Envision                Capital    learning experience. Classes        p.m.- Swimming for Beginners
400 municipal bond funds,           Q. How bad are the Pacific        Management, a money man-           meet Monday-Friday at vari-         ($30), Aquatic Sports and
seven of the top 10 best per-     Rim economies really doing?         agement in Los Angeles. For        ous times from 8:30 a.m.-2:45       Games ($25), Karate ($20),
formers in the last five years    Is the situation as dire as the     a personal reply, please limit     p.m.; each class is 60 minutes      Western/Tejano          Dancing
were high-yield municipal         newscasters are saying?             your question(s) to one print-     long.                               ($20); and 1:45-2:45 p.m.-
funds. Their success was            A. A partial answer is yes;       ed or type written page.              Parents can register for their   Aquatic Sports and Games
due more to credit and rating     it’s really nasty. For example,     Send to 11755 Wilshire             children for Session I or II from   ($25).
upgrades than a great econ-       Thai imports declined at an         Blvd., 9th Fl., Los Angeles,       May 14, 18-20 and 26-28 from          Level        III       (6th-8th
omy.                              annual rate of 58 percent.          Calif., 90025. E-Mail: envi-       4:30-7 p.m. at the Continuing       grade)...8:30-9:30          a.m.-
  Personally, if a high-yield     China’s industrial production (Be sure        Education Department, locat-        Cheerleading ($20), Arts and
municipal fund doesn’t gen-       declined 15 percent annually        to include your telephone          ed in the Eloy Garcia Building,     Crafts ($25 p/supplies), Karate
erate at 1 percent or more        over the past three months.         number.)                           room 2.                             ($20), TAAS Reading and
                                                                                                            Late registration for Session    Writing ($25); 9:40-10:40
                                                                                                         I will be conducted from            a.m.- Cooking Around the
Students attend journalism conference                                                                    June1-8, and June 15-22 for
                                                                                                         Session II at the Continuing
                                                                                                                                             World ($35), Math and
                                                                                                                                             Number        Sense        ($25),
BY NORMA QUINTERO                 about issues of concern to                                             Education. A $10 late fee will      Cheerleading ($20), Sports
Times staff writer                Laredo.                                                                be assessed.                        and Games ($20), Computer
                                    Ortiz volunteers her time to                                            “This      year,      Laredo     Graphics                   ($30),
  Two     Laredo      students    Special Olympics, Round                                                Community College has               Western/Tejano          Dancing
attended a journalism confer-     Ball on the Rio and has                                                added several courses in the        ($20); 10:45-11:30 a.m.-
ence in Washington, D.C.          played volleyball and basket-                                          Kids and Teens College cur-         Supervised Break; 11:35 a.m.-
  Nikki Ortiz, Alexander High     ball for her school.                                                   riculum inventory,” empha-          12:35 p.m.- Sports and
School student and Chris            She is a member of the                                               sized Virginia Mayers, Director     Games        ($20),     Cooking
Ailara, United High School        National Honor Society and                                             of Continuing Education. “And       Around the World ($35),
student,      attended      the   has worked on the yearbook.                                            because of our new personal-        Karate ($20), The World of
Washington          Journalism      Ortiz is the daughter of                                             ized scheduling, parents have       Science and Nature ($25),
Conference from April 21-26.      Maureen Valls and Danny                                                the opportunity to enroll their     TAAS Reading and Writing
  The conference was spon-        Ortiz.
                                                                                                         kids for one to four courses        ($25),         Western/Tejano
sored by the Congressional          She is the granddaughter of
                                                                                                         per session.”                       Dancing ($20); 12:40-1:40
Youth Leadership Council.         John and Gladys Valls.
  The conference showcased          Ailara is a junior at United                                            “Kids and Teens College is       p.m.- Aquatic Sports and
25 seminars with 40 speak-        High School, and is enrolled                                           definitely a great fun-time         Games ($25), Karate ($20),
ers.                              in standard college prep                                               learning experience which will      Western/Tejano          Dancing
  Journalists from CNN, C-        courses with an emphasis in                                            not put a strain on the family      ($20);      1:45-2:45       p.m.-
Span, Fox Broadcasting            journalism.                                 NIKKI ORTIZ                budget,” noted Mayers.              Beginners Swimming;
Company, Reuters, UPI,              He maintains a 3.56 grade                                               Classes, with fees varying         Level IV (9th+)… 8:30-9:30
USA      Today      and    The    point average and ranks 19 in         Additional activities for        from $20-$35, have been             a.m.- Computer Graphics and
Washington Post worked            his class of 396 students.          Ailara include: member of the      divided into four level groups      the Internet ($30), Arts and
side-by-side with the stu-          Ailara enjoys working at the      President’s Council, National      as follows:                         Crafts ($25 p/supplies), Karate
dents.                            student newspaper, United           Honor Society, National Quill         Level I (Kinder-1st grade)...    ($20), TAAS Reading and
  Both students participated      Longhorn, where he has              and Scroll and Who’s Who           8:30-9:30 a.m.- Discover the        Writing ($25); 9:40-10:40
in hands-on workshops such        been a sports writer and has        Among       American    High       World of Science ($25),             a.m.- Cooking Around the
as “Writing for the New Age:      been the editor for the past        School Students.                   Reading and Writing Is Fun I        World ($35), Math and
Journalism on the Internet”       two years.                            In addition, Ailara has          ($20), Exploring Nature and         Number        Sense        ($25),
and “Keeping an Eye on the          Ailara has been with the stu-     numerous UIL awards in both        Survival Skills ($20); 9:40-        Competitive Sports and Body
World:            International   dent council for three years        journalism and music.              10:40 a.m.- Fun and Games           Conditioning ($20), Computer
Investigative Reporting.”         and held the offices of public        Ailara would like to thank
                                                                                                         ($20), Storytelling ($25), Math     Graphics                   ($30),
  Ailara and Ortiz also gath-     relations, vice-president and       the following businesses for
                                                                                                         is Fun ($25); 10:45-11:30           Western/Tejano          Dancing
ered with key figures from the    is currently president.             sponsoring him: Las Imports,
                                                                      Hicks Chiropractic, Quality        a.m.- Supervised Break; 11:35       ($20); 10:45-11:30 a.m.-
government and private sec-         Ailara is the store manager                                          a.m.-12:35 p.m.- Arts and           Supervised Break; 11:35 a.m.-
tor.                              at the student store, his           Chiropractic and numerous
                                                                      United High School teachers.       Crafts ($25 plus supplies),         12:35 p.m.- Cooking Around
  The journalists interviewed     duties include: inventory,                                             Discover the World of Science       the World ($35), Karate ($20),
the press secretary of their      purchasing,        scheduling,                                         ($25), Reading and Writing Is       TAAS Math Made Simple
elected district representative   recruiting and management.                                             Fun ($20);                          ($25), TAAS Reading and
                                                                                                                                             Writing ($25), Competitive
                                                                                                                                             Sports and Body Conditioning
                                                                                                                                             ($20);     12:40-1:40       p.m.-
                                                                                                                                             Aquatic Sports and Games
                                                                                                                                             ($25),       Karate        ($20),
                                                                                                                                             Western/Tejano          Dancing
                                                                                                                                             ($20);      1:45-2:45       p.m.-
                                                                                                                                             Beginners Swimming ($30).
                                                                                                                                               The classes will be taught
                                                                                                                                             by certified teachers with
                                                                                                                                             many years of professional
                                                                                                                                             experience.        Furthermore,
                                                                                                                                             class enrollment will be limited
                                                                                                                                             per class to allow for more
                                                                                                                                             individualized instruction.
                                                                                                                                               The courses are tailored in a
                                                                                                                                             fun and unique way to meet
                                                                                                                                             the participants’ learning
                                                                                                                                             needs. For example, in the

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