That Nagging Question of Mutual Fund Fees

Strategies

By JEFF SOMMER

Published: May 7, 2010

PAUL SAMUELSON, the late Nobel laureate in economics, compared mutual funds to a saloon.

Mark Lennihan/Associated Press

John C. Bogle says a Supreme Court decision didn’t go far enough in setting guidelines for mutual fund fees.

“I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it,” he told Congress in 1967. It made sense to invest in mutual fund companies, Mr. Samuels

FOR FULL ARTICLE ON TIMES WEB SITE:

http://www.nytimes.com/2010/05/09/business/09stra.html

Weekend Business Podcast (May 9, 2010)

Jeff Sommer with Gretchen Morgenson on market uncertainty, Fannie Mae and Freddie Mac; Tim O’Brien and Natasha Singer on Teva Pharmaceuticals; Paul Lim on corporate earnings; and David Segal on airline refunds.

Weekend Business podcast May 9, 2010

Weekend Business podcast

This week: Jeff Sommer with Robert Shiller on housing, Kenneth Lieberthal on U.S.-China economic tensions, Tim O’Brien and Steven Johnson on Apple’s “walled garden,” Mark Hulbert on market timing, and John Schwartz on naked finance.

Weekend Business Podcast, April 11, 2010

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Clashing Currencies (The New York Times)

Business

In Currency Games, the Prize May Be a Trade War

By JEFF SOMMER

Published: April 9, 2010

A modest change in how China values its currency is unlikely to satisfy some members of Congress.

Link to full article here:

http://www.nytimes.com/2010/04/11/business/global/11mark.html

http://www.nytimes.com/2010/03/22/sports/22cornell.html

Cornell Is No Longer a Stretch by Ray Glier, NYT

JACKSONVILLE, Fla. — There was respect for Cornell, sure, but there was never the awe that surrounds elite teams. The Big Red challenged No. 1 Kansas in January and lost by just 5 points, yet it was an Ivy League team, a squad of nonscholarship players, so it was not always clear how much should be invested in it.

On Sunday, in the second round of the N.C.A.A. tournament, awe replaced respect.

Doug Benc/Getty Images

Cornell’s Chris Wroblewski attempted a shot on Sunday.

Andy Lyons/Getty Images

Louis Dale led Cornell with 26 points, a career high.

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Go Big Red!

Enjoying the flurry of upbeat Cornell stories. Great sports teams this year, highlighted by men’s basketball. But kudos also to students in women’s hockey, men’s hockey and wrestling. And, this alum fervently HOPES, all done by high-achieving students without sports scholarships. That part’s important: squads of great …scholar-athletes, without the distortion of big money — that’s the goal. Go Big Red!