Funds and Investment Funds

Funds Mutual Vanguard The city of Atlanta says it has no choice but to continue dumping raw sewage into the Chattahoochee and other rivers.

This blog talks about the indian mutual fund schemes, NFOs and analysis of various mutual funds and mutual fund investment strategy.

Funds Mutual Top The warning sent Friday from Mayor Shirley Franklin's administration to environmental regulators sets the stage for a possible showdown in federal court that could result in fines and a moratorium on development.

High Yield Plus Fund Inc. (the Fund) is a diversified, end management investment company. The Fund's primary objective is to provide a high level of current income to shareholders. It seeks to achieve this objective through investment of at least 80% of its investable assets in publicly or privately offered, rated securities of comparable quality. As a secondary investment objective, the Fund will seek capital appreciation, but only when consistent with its primary objective. The Fund has agreements with, among others, Wellington Management Company, LLP (the Investment Adviser) and Prudential Investments LLC (the Administrator). The Investment Adviser makes investment decisions on behalf of the Fund.

Funds Market Money Atlanta agreed in federal court to fix its sewers so they will stop spilling into local rivers. But a letter from the Atlanta Department of Watershed Management says the city can't afford the repairs because City Council voted earlier this week for water and sewer rate increases that are lower than the mayor requested.

The High Yield Income Fund, Inc. (the Fund) is a diversified, end management investment company. The Fund' yield, rated securities of comparable quality. As a secondary investment objective, the Fund will seek capital appreciation, but only when consistent with its primary objective. The Fund will seek to achieve its objectives by investing primarily in corporate bonds rated below investment grade by independent rating agencies. It is diversified and it carefully researches companies to find those with attractive yields and improving credit quality.

Funds In Investing Mutual The letter was written Thursday and sent Friday to both the U.S. Environmental Protection Agency and the Georgia Environmental Protection Division, two agencies that have sued the city over its violations.

The cost of providing the service is covered by the annual charges your Fund Managers are already deducting from your funds, so Moneyspider doesn cost you anything extra. And when you register with Moneyspider they don move your funds or change your investments in any way. Your investments remain as they are in the same funds and with the same fund managers.

Fidelity Funds Mutual The letter, signed by DWM Commissioner Jack Ravan, says the rate increase adopted by council will generate $25 million less next year than the mayor had requested and "undermines the financial strength and stability of the water and wastewater fund." By 2008, the gap will grow to $75 million, the letter says. "Absent action by the City Council to approve adequate funding and to rescind substantial cuts to the DWM operational budget, the City cannot in good faith offer a plan of proposed compliance."

Blue Chip Value Fund, Inc. (the Fund) is a diversified, end management investment company, registered under the Investment Company Act of 1940. The Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of large companies with headquarters in the United States, such as those included in, or similar in size to those included in, the S and P 500 Index. Denver Investment Advisors LLC (DIA) acts as the Fund's investment adviser, while ALPS Mutual Funds Services, Inc. and DIA serve as the Fund' administrators.

Funds Load Mutual No Rob Hunter, a DWM deputy commissioner, said the plan endorsed by council will not raise enough funds to sell bonds.

Funds Investment "Without the bond money, we can't do the capital projects required for compliance," said Hunter, who is in charge of engineering and construction for $2.14 billion worth of projects required to comply with court orders and environmental, public health and homeland security regulations. Of that amount, $1.8 billion is for the court-mandated work.

Funds Retirement The city also plans to spend another $1.04 billion to fix crumbling infrastructure that city officials say would result in violations of federal and state environmental laws if left in disrepair. The total bill is expected to be $3.2 billion. A slim majority of City Council wants to spend less money, by trimming the discretionary projects.

Funds Trust Jim Giattina, a regional director of the EPA, said Friday that he needs more information from the city before the agency can take action.

Closed End Funds City officials "simply indicate that absent further action from the City Council, they can't meet their deadlines," said Giattina, who is director of the EPA's Water Management Division for Region 4, which includes Georgia. "They didn't offer a proposed plan to come into compliance."

Funds Ohio Unclaimed 'Scare tactics . . . are being used'

Aim Funds The EPA plans to request that information in a letter to Atlanta early next week. The city's response will be jointly reviewed by the EPA and the Georgia EPD.

College Free Funds Grant After the review, regulators could take the city to U.S. District Judge Thomas Thrash Jr. for drastic corrective measures, including a takeover of the city sewer system, contempt-of-court citations against city officials and a ban on new water and sewer hookups. The EPA and EPD also could impose fines of up to thousands of dollars a day for each missed deadline -- and there are scores of them leading up to the most important ones in 2007 and 2014.

Active Funds Index Investor But Giattina said it appears that the fines can't be imposed until the city actually misses one of the deadlines, which will begin piling up again early next year.

Electronic Funds Transfer One looming deadline is Jan. 2, when Atlanta must complete the design for a tunnel that would run under the city's west side. Construction must begin by July 12.

Ci Funds City Council members who voted for the rate plan adopted Monday said they were troubled by the Franklin administration's letter.

Funds India Mutual Councilman Derrick Boazman, speaking Friday at a news conference with six of the seven other council members who supported the rate plan, said city finance staff members had told them earlier in the day that their analysis of how much money the rates would bring in was in progress. Yet the letter was dated Thursday, the day before, Boazman observed. "So there has been no complete financial analysis on which you could reach these conclusions," Boazman said.

Cost Easy Exchange Fund Funds Councilman Jim Maddox, who also supported the rate plan, suggested a political motive.

Fund Funds Hedge "I don't really understand all of the scare tactics that are being used, all of the efforts that are being made to make it appear that we have done something that was not in the best interest of the city," Maddox said. "I can guarantee you that we all have the interest of the city at heart. We also have the interest of the people at heart."

Cox Dodge Funds A 'heartbreaking' letter

Funds Price Rowe Rick Anderson, the city's chief financial officer, confirmed just before the news conference that his financial analysis was ongoing. Ravan could not be reached for comment. Neither could Franklin, who was at City Hall and generally makes herself available to the media. Instead, she sent Hunter to speak for her.

Columbia Funds Hunter said the letter was drafted based on an opinion he gave Ravan and was sent Friday morning. Hunter said that, although the financial analysis was not complete, the preliminary numbers were clear enough: The water and sewer rates are far too low to pay back the bonds the city must sell to finance the construction. Hunter couldn't say how far the revenue fell below projected need, but he said the mayor's rate structure, which would have brought in twice as much new money as the rates adopted by council, "was really on the edge" of being too little. So, he said, it was clear that with the rates adopted by council, "the figures aren't going to be close at all."

College Funds Councilwoman Debi Starnes, who supported the mayor's rate plan, called the letter "heartbreaking."

Franklin Funds "It lays out in great detail what Monday's vote is causing," Starnes said. Asked whether she thought it would result in a moratorium on development, she said, "Not yet, but I think that's inevitable."

Funds Putnam By Ty Tagami
Atlanta Journal-Constitution - 12/6/2003

Topic: Water Pollution

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