| Turkey Heads towards 20th Stand by Program with IMF
Althoug IMF-Turkey relations go years back, the letter of intent which initiated the stand-by traffic affecting the economic agenda in every step was sent in December 19th, 1999. It was the 17th Stand-By agreement which led Turkey to a great financial crisis in 2001. .
MassMutual Expands Retirement Income Focus
SPRINGFIELD -- MassMutual Financial Group announced today the creation of a new group - MassMutual Retirement Income (MMRI) - to enhance its ongoing efforts in serving the retail retirement- accumulation and retirement-income market. MMRI will deliver advisor-focused solutions for customers' accumulation and guaranteed lifetime income needs. Drew Dickey, Senior Vice President for Retirement Income, Massachusetts Mutual Life Insurance Company (MassMutual), has been appointed to lead the new MMRI group, which integrates MassMutual's Annuity and Income Management Group business units. Dickey, 50, has been with MassMutual since 1991 and was most recently President of MassMutual's Financial Products Division.
Reflecting the growing importance of investment behavior, risk and hedging issues within retail retirement accumulation and income products, MassMutual has established MMRI apart from its U.S.
Lobby for head offices here, Miller urges business sector
Toronto's financial institutions should promote this city as a head office location in the same way Quebec's public-sector pension fund boosts Montreal, Mayor David Miller has told business leaders. In a speech to the Toronto Board of Trade, Miller noted that the Caisse de dépôt et placement du Québec "has entered the bidding for BCE in an effort to ensure its head office remains in Montreal." The business community here "needs to take the importance of Toronto as a head office location as aggressively," Miller said. Toronto is home to OMERS, which handles the pension fund of the province's municipal employees, as well as the Ontario teachers' retirement fund. The teachers' fund, in fact, said this week that as BCE's single largest shareholder it may lead a bid for the telephone giant.
OSU personal info stolen
Ohio State announced Monday the personal data, including Social Security numbers, of more than 14,000 current and former faculty and staff members was stolen from a database in the university's Office of Research.
An unidentified hacker stole names, employee ID numbers, birth dates and Social Security numbers the weekend of March 31 to April 1, said university spokesman Jim Lynch.
An additional 3,500 current and former chemistry students had their names, Social Security numbers and grades stolen in late February when two laptop computers containing the information were stolen from professor Robert Coleman's home, according to a press release.
The two incidents were unrelated and Lynch said the most recent attack was far more serious.
"The information stolen from the Office of Research was the most serious security breach to date," he said.
A New Web Wite for Women 40 and Better
Brooklyn, NY -- Apr 13, 2007 -- /prbuzz/ -- Internet Savvy Women Over 40 can now Visit the Web Site www.notjustthekitchen.com and Feel at Home. As a growing number of baby-boomer aged women are delving through women’s portals hoping to uncover articles geared to their demographic, www.notjustthekitchen.com has launched a web site for Women 40 and Better. The site features informative articles on Health and Beauty, Family and Relationships, Money and Finance, all devoted to women who have experience life. "I was tired of clicking through web sites that were targeting younger women" states Rita Morgan, Editor of the new site. "We have very different interests, and articles holding this unique perspective were hard to find." The fledgling web site covers a wide area of topics ensuring interesting reading for women in this specific age group.
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