December 22, 2014

Statewide News Briefs - Jan. 2008

Mark R. Howard | 1/1/2008

» A run on a state-managed investment pool for local governments caused the State Board of Administration to freeze the fund temporarily last month. Local governments had withdrawn close to $14 billion, about half of the funds from the pool, in two months. Investors became concerned over the fallout from mortgage-backed securities. About 6% of the state-run fund is invested in securities that have defaulted. Four days after closing, the state reopened the fund with limits on withdrawals. Pool manager Coleman Stipanovich resigned, and the state shifted management of the fund to BlackRock Inc.

Tags: North Central

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Terms of Use Privacy Policy  Indian Rocks Beach Post Office Celebrates 100 Years
Terms of Use Privacy Policy  Indian Rocks Beach Post Office Celebrates 100 Years

It cost a penny to mail a postcard when the Indian Rocks Post Office opened 100 years ago in December 1914 on a mainland dirt road leading to a ferry in the “Narrows.” 

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