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Kissimmee River System Past and Present Thirty years ago, the Army Corps of Engineers in partnership with the State of Florida began construction of a massive flood control project on the Kissimmee River in south central Florida. The flood control solution was the channelization of the riv The ever widening mutual fund scandal took a troublesome turn yesterday when fund giant Putnam announced it would dismiss four money managers who were found to have engaged in "short-term trading activity" for personal gains in funds that they oversaw or were involved in.
In a statement, Boston-based Putnam said that some of this short-term trading, which took place in 2000, "appears to have been market timing." Market timing, defined as making rapid-fire trades in mutual fund shares to take adva...