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<blockquote data-quote="JonFrum" data-source="post: 196920"><p><strong>For The Record . . .</strong></p><p></p><p></p><p></p><p>From page 11, TEAMWORK magazine, Winter 2005</p><p>Available here . . .</p><p><a href="http://www.centralstatesfunds.org/cs/plans/teamwork.asp" target="_blank">http://www.centralstatesfunds.org/cs/plans/teamwork.asp</a></p><p>"An article published in the New</p><p>York Times on November 15, 2004</p><p>contains inaccurate and biased</p><p>information. . . .</p><p>. . . Another particularly misleading</p><p>statement presented as fact by the</p><p>article comes from a driver in North</p><p>Carolina known for his politically</p><p>charged views. This driver claims</p><p>he researched the Pension Fund’s</p><p>annual report and discovered the</p><p>Pension Fund lost $77 million due</p><p>to ownership of risky shares in</p><p>stock of a Russian company.</p><p>Actually, the supposed $77 million</p><p>in Russian stock was a $27 investment</p><p>(dollars, not millions of dollars)</p><p>in a bond from a Russian</p><p>bank which was in default of its</p><p>interest payments; the Pension</p><p>Fund’s total loss was $9.00."</p></blockquote><p></p>
[QUOTE="JonFrum, post: 196920"] [b]For The Record . . .[/b] From page 11, TEAMWORK magazine, Winter 2005 Available here . . . [url]http://www.centralstatesfunds.org/cs/plans/teamwork.asp[/url] "An article published in the New York Times on November 15, 2004 contains inaccurate and biased information. . . . . . . Another particularly misleading statement presented as fact by the article comes from a driver in North Carolina known for his politically charged views. This driver claims he researched the Pension Fund’s annual report and discovered the Pension Fund lost $77 million due to ownership of risky shares in stock of a Russian company. Actually, the supposed $77 million in Russian stock was a $27 investment (dollars, not millions of dollars) in a bond from a Russian bank which was in default of its interest payments; the Pension Fund’s total loss was $9.00." [/QUOTE]
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