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Show Friday, Febniary 10, 2006 s Saving 1 “We'rebroke for the same Teasons we're fat,” he said. “We : Muna ’ en TEEPE TSEYATE Continued from D6 don’t make the choice to havethe 5 nancial resources. ” Watkins said some Ameri- The key is to start aside cans have been lulled intothink- a amount, even a ‘or savig,eet ing that because their homes have appreciated greatly in value in recent years, they're fi, Who runs Penguin PR nancially secure and don't have ais nowaconvert tosaving, to save. "bothfor things she and Bloch “But people like my grandwant to buy as well as for an mother, the wend throsgh the emergency their and she knowsthe retirement. figure they've ” Watsaved enough to cover the entire kins said. “! 40 and cost of their weddingnext June; they don't know the downside.’ then they'll start putting money You take chances when you Gide 98 8 down payment on their don't know the risk.” first house. It was Watkins’ grandmother “We've made it a game,” she who taught Hin eg eek ok Sy said, “He'llcome home and say,‘I ing, he said, i put $1,000 ig my savings account fees mh ca vou nas ang ey. peeThe eat tink thet a credit card only when you have should put more money in mine, to,fre Dis when CsTe ces too Watkins, who teaches a perOr, she said, “we'll challenge sonal financial planning courseat edch other to find more waysto “Syracuse, suggests these steps to save,” such as agreeing to put Bet started at saving: $100 into their savings account » Keep a simple record of rather than going out toa restau- where your money is going, perrantfor dinner, haps in a pocket notebook Boyce Watkins, a eaeof » Make a commitment tolearnfinance in the Whitman Scl ieweveto manage your money of Management at ynce a University in New York, said people LaSlow down your spending havethe choice of saving or not. ) Learnthat not everything Delta DAILY’ HERALD AIG that'sfun costs » Set aside your savings of the month, not the Continued from D6 when there may not be much money left rities and who ond the point of is just overeaters,” Watkins said. “You can design a budget to give you some elbow room so you have the money to do the you want — but you haveto set a limit, and you havetoset it in advance.” Bradd DelMuto,27, a senior executive Gregory FCA, a media relations firm in ia, said he’s been a saver since DelMuto, who is single,is frugal about his day-to-day so he can save more. He packs his own lunch, limits the purchase of expensive coffee and even hangs out at bookstores to read and magazines rather than buy them. He's also declared his savings account off limits for frivolous spending. “When I have money,it goes into my savings account right away,” he said. “If I get a work bonus, or relatives give mea birthday check, anything like that,it goes right into the account.” ene i and settled allegations of accounting fraud with the company 6 % settlement does not cover Maurice “Hank” the s former chairman chief executive who was named in thecar but who Tespevee! tof ‘ht it in court. While acknow! ingihe civil misconduct at a hugefine, Gotan time escapes the threat thata criminalcase ve brought. The Justice ment said that AIG's agreement spares the companycriminal prosecution in exchangefor its cooperation with the ongoing federal criminal investigation. Shareholders welcomed the announcement, sending AIG shares up 74 cents,or 1.1 percent, to close at $67.12 Thursday on the New York Stock Ex AIG said that underthe settlementit will pay $800 million for investors who were “Most are He sidthesindidnot say March 1, a three-personarbitration panelwill decide Delta’s request thatits contract withits pilots be thrownout so the company can impose $325 million in cuts unilaterally. The pilots union has offered about $115 million in annual concessions. Moak’s comments came as Delta, whichis operating under protection of a bankruptcy court, announced newinternational destinations Thursday. A top executivesaid the friction with the pilots won't stand in the wasof the carrier's expansion plans. Delta's chief operating officer, Jim Whitehurst, said the companystill believes it can reach a consensual agreement withits pilots. “We're certainly not holding up our networkplans,” Whitehurst told reporters, referring to the international expansion that was announced earlier in the day. “These are actually things that help morale a lot.” Ina memo topilots Wednesday night, Moak said that he has directed the official opening of strikecenter,an office where pilots would prepare for the possibility of a walkout. Moak said the airline’s refusal to reduce its demand for concessions makes negotiations difficult. He said a manage- a Cc agreement. The permanentcuts would be on top of$1 billion in concessions that Delta's pilots agreed to ina five-year deal reached in 2004. That deal included a 32.5 percent pay cut. a Delta has reported $11.6 billion in losses since January 2001. It is scheduled to report its fourthquarter and year-end 2005 results on Tuesday.It filed for bankruptcy in September. jes” to its earlier proposal. Moak told the AP on Thursday that in that same meeting, the eensaid it ae the pilots’ ‘anteeing raed}pilots c a io payment : pared ae Fores Dene and salary — will be terminated. tactics, eee penalty to eT AIG is huge and this amounts to less than 2 percent of share- by AIG'spractices from 1986 to 1995 involving state workers’ ion funds, and fines of $100 million to the state of New York and $25 million to the U.S. Justice Dement. AIGsaid it would take a $1.15 billion after-tax charge _in its upcoming fourth-quarter Sree report fo coves tie) settlement. It also announced that it would take a $1.1 billion after-tax charge to increase its reserves to ré the completion of a recently con: internal risk study. AIGsaid that as part of the deal, it also has agreed “toretain for a period of three years an independent consultant who will conduct a review”of the company’s accounting andiinternal controls. id Light, senior insur_ance analyst with Celent, a Boston-based research and consulting company, saidthe settlement “means AIG's board and managementis off the hook for anything worse ... Spitzer told The Associated Press in an interview,“This is a companythat didn’t have to cheat. But once they began, they found it hard to stop. And like an addict, they grew on financial games- , ip that could ultimately destroy the company.” Hesaid that the new busi; ness practices AIG was adopting would improve the market for property and casualty insurancc in the United States by creating “a new levelof transparency in the market that all consumerswill benefit from.” The SEC’s enforcement di_rector, Linda Thomsen, noted that the investigation looked at the entire industry and centered on misuse ofs insurancevehicles, such as reinsurance. “While this settlement concludes our investigationof. AIG,our investigation continues with respect to others who mayhaveparticipated in AIG's securities-lawsviolations,” she said, rps tagsercdgreeaia) LeVd tH ¢ Toucaneuuta Cea ek Panta) holders’ UTAH COUNTY,UTAH OFFICE OF THE COUNTY CLERK ’ In accordance with Utah Code 20A-5-101, the Lieutenant Governorhasinformed the Utah County Clerk that candidates are to be elected at the upcoming General Election to be held on Tuesday, November 7, 2006. The candidate-filing period for these offices will be held from 8:00 A.M., Tuesday, March 7 through 5:00 P.M., Friday, March 17, 2006. Candidates for -the followingoffices in Utah County maycontact the County Clerk at 851-8128forfiling fees and instructions. | Offices OneSenatorfora six (6) year term. (Filing fee $1,239.00) Onerepresentative from each of the following CongressionalDistricts for a two (2) year term. (Filing fee $413.00) Second Congressional District Third CongressionalDistrict (Must file with the Lt. Governor’s Office, State Capitol Complex, E325, Salt Lake City, Utah 84114. ° Phone(801) 538-1041 or1- 800-995-8683) One UtahState Senator from eachofthe following State Senate Districts for a four (4) year term. (Filing fee $32.40) District 11 District 15 (Files with Lt. Governor’s Office or County Clerk’s Office in county of residence.) State House of One memberofthe Utah House of Representadves from each of the following districts for a two (2) year term. (Filing fee $16.20) District 27 Districts 56 through 67 (Files with Lt. Governor’s Office or County Clerk’s Office in countyof residence.) Offices One membereachfor a four (4) year term. Onthe Net:Delta AirLines Inc.: http:/www.delta.com gee Saji HEA added: “They're paying altel money for that, but InadaHw pay75 million to Assessor, Clerk/Auditor, Recorder/Surveyor, Treasurer (Filing fee $380.64) Attorney (Filing fee $502.84) Commission Seat(A), CommissionSeat (B) Sheriff (Filing fee $407.94) (Files with County Clerk) i suchasa criminal case.” OFFICIAL NOTICE doing that. “Nowthey have informed us they too believethe plan will be terminated,” Moak said of the company. The union has said previously thatit believes the company intends to end the pension plan. Moak also indicated union leaders were dismayed by the company’s request Wednesday that the bankruptcy court give theairline permission to reinstate its pre-bankruptcy severancepractices for 144 officers and director-level employees. Underthe program, severance payofsix to 12 months would be granted to certain employees whose jobs are terminated as a result of specified organizational or business changes. Employees who quit or arefired for cause would not receive severance. Delta's Kennedy described the policy as “conservative by industry standards.” In December,Delta andits pilots reached tentative agrvementon interim wage cuts of 14 percent andothercuts equal to an additional 1 percent wage reduction. was to give the sides time to reach seCommis- sion, which also worked with whenor howit would go about Continuedfrom D6 Ds deceived by AIG's account, (Filing fee $437.58) Boards School One memberfor a four (4) year term. (Filing fee $15.00) District 3 (Files with Lt. Governor's Office or County Clerk’s Office in countyofresidence.) School Board members shall be elected as specified in Utah Code section 20A-14-202. One member for a four (4) year term. (Filing fee $25.00) AlpineDistricts: Al, A2, A3, AS NeboDistricts: N2, N4, NS Provo Districts: P1, P2, » P4 PRICES GUARANTEED! MORE ADJUSTABLE BEDS THAN ALL OUR COMPETITORS COMBINED! Judicial Offi DistrictCourt; There will be an unopposedretention election for two (2) District Court Judges in the Fourth District FURNITURE ELECTRONICS APPLIANCES FLOORING Store Hours: Mondoy Soturday 100m 10pm reat naa ce Syrecuse Closed Sundays Volley Teyloreville/W. Volley 774760) 967-4800 Murray Orem 261-6800 227.8800 ‘Mountain West Foot ‘Ankle Institute Brandt R. Gibson, DPM Specialized Foot &Ankle Care PROVIDING STATE-OF-THE-ARTPATIENTCAREINNEWFACILITY. providedthat the incumbent(s) whose term is expiringfiles during thefiling period.(Filing fee $50.00) (Files with Lt. Governor's Office or County Clerk's Office in countyof residence.) JuvenileCourt; There will be an unopposed retention election for one (1) Juvenile Court Judge in the Fourth District provided thatthe incumbent whoseterm is expiringfiles during thefiling period. (Filing fee $50.00) (Files with Lt. Governor's Office or County Clerk’s Office in county of residence.) SupremeCourt; There will be an unopposedretention election for two (2) Supreme Court Justices provided that the incumbent(s) whose term is expiring file(s) during thefiling period. (Filing fee $50.00) CountyJustice There will be an unopposed retention election for one (1) Justice Court Judge provided that the incumbent whose‘«-m is expiringfiles during thefiling period. (Filing fee $25.00) (Files with County Clerk) Attest: 1 February 2006 Kim T. Jackson Utah County Clerk/Auditor pebbbpahhd |