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Trust Preferred
Securities
Scam Slam
Looking for an Investment
with Higher Yields and Liquidity?
In an environment where investments that team
higher yields with liquidity are scarce, Trust Preferred
Securities may offer the solution. They provide
•
•
•
•
A fixed dividend rate
Regular periodic income
Stated maturity (in most cases)
Liquidity — Most trade on major exchanges
Yields may range from
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As part of a diversified portfolio, Trust Preferred
Securities may be suitable for both individual and
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brochure. Please read these materials carefully before you
invest or send money.
• Yield range as of 3/30/98 and is subject to change. Some issues arc rated below
investment grade quality and therefore may not be an appropriate investment for
the risk averse investor.
Sheldon L. Rosenberg
Senior Vice President-Investments
Robert W. Baird & Co.
200 East Long Lake Rd., Bloomfield Hills, MI 48304
248-594-4329 • 1-888-594-9959
Powerful Ideas. Powerful Results. Ba ■ rd/NORTHWESTERN
MUTUAL COMPANY
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©1998 Robert W. Baird & Co. Incorporated. Member New York Stock Exchange, Inc.
and other prinicipal exchanges. Member SIPC. www.rwbaird.com
575
This month marks
the official en to
Esther Shapiro's
24 years of helping
Detroiters figh
co nsume r
W. Archer, reappointed Shapiro in
December 1993. But did Archer fire
or force her out last month, or did
Esther Shapiro simply quit? "I'm not
he scam artists must be
going to answer that," is all Shapiro,
rejoicing. Esther Shapiro is
age 80, will say.
stepping down as the vigi-
Her replacement is Hispanic with
lant head of the City of
impressive consumer protection cre-
Detroit's Consumer Affairs
dentials of his own. Realistically, there
Department.
are more Hispanic voters in Detroit
Appointed the first director of the
for Archer to cultivate than Jewish
department by Mayor Coleman A.
voters, a dwindling enclave at best.
Young in July 1974, Shapiro's name
Esther and Harold Shapiro, her hus-
has been synonymous with investiga-
band of 58 years, are
tion of consumer complaints
among that small number.
and with consumer education. Esther Shapiro:
They live in downtown .
She brought the depart-
The con sumer's
Detroit's Lafayette Towers.
ment high visibility through
friend i n Detroit.
But Esther Shapiro said
her daily consumer bulletins,
they reside in the city by
formerly broadcast on WWJ
choice, not because it was ever a requi-
Radio, and the weekly column she
wrote for the Detroit Free Press prior to site of her employment.
Once Shapiro has finished sorting
the newspaper strike.
her boxes of memories, what will the c3
Shapiro was one of the highest
future hold? She'll be "going into
ranking Jews in the administration of
another form of consumer advocacy.
Mayor Young, which at one point also
I'm not leaving the field," she said.
included Tina Abrams Bassett as direc-
Both Shapiros were longtime asso-
tor of public information, Nate
ciates of Coleman Young, dating back
Chalnick as director of City Airport,
to his days as a labor activist.
and Sid Rosen, who was in charge of
"Coleman kept a picture on back of
Detroit's senior citizen program.
his credenza for years of him wearing
Young's successor, Mayor Dennis
ALAN ABRAMS
Special to The Jewish News
VISiTEd ISRAEL RECENTEy?
1N is pREpARiNg SpECiAl. COVERAGE CELEBRATING
THE 50Th ANNIVERSARY of ISRAEL'S STATE1.100d.
WE ARE lookiNg foR THE bEST PEACES TO SEE ANd
THINGS TO do whilE ON A VISIT TO THE Holy
Please send your travel tips, typewritten,
double-spaced and no more than a half page
( 8 1/2 X 1 1" sheet of paper) to
ISRAEL' S
50Th-TRAVEL Tips-DETROIT JEWiSil
NEWS
27676 FRANkliN RoAcI,SourlifiEld, MI 44034
fAx: 248.354-6069-EmAil: djN@Aol.com
Photos welcome. Names and hometown of
everyone (ages of children), a description of the
photo and its location should be attached to the
back.
Please include a daytime phone number in case we have questions.
Deadline: April 3,
Thanks