Letters to the Editor, April 18

Apr. 17, 2014 @ 03:03 PM

Where’s the outrage?

I had to chuckle this morning when I noted an article on page A3 of The Herald-Sun Re: Democratic Senate PAC funds being used to influence of North Carolina election.

I guess there was only outrage when it is Republican outside money attacking Sen. Kay Hagan.

Tom McGonnell

Durham

Public parks merit support

I spent an afternoon hiking and enjoying the beautiful weather in one of North Carolina’s many state parks.

On this trip, I was able to meet up with a number of my fellow students who wanted to enjoy some of the amazing natural places that North Carolina has to offer. We hiked to show our support of conservation of these beautiful places. A number of local elected officials were invited to hike with us and show their support. It was certainly disappointing that none of the elected officials came out to back our parks.

It is my belief that North Carolina’s public parks are treasures that deserve funding and support so that they can continue to provide shelter to many species of local flora and fauna, and so that human visitors can continue to enjoy recreation opportunities. I just hope that our elected officials are willing to show their support as well.     

Jack Parker

Durham

Shortchanging Berko, readers

A recent Malcom Berko business column piqued my interest. It discussed variable annuities and the S&P 500. As I approached the end of the article I wondered why the person’s questions weren’t answered. After some outside research I found out why.

Here’s the way the Herald Sun ended the article: “…In this instance, it's 1.15 percent of your principal value each year. Did your uncle-broker tell you that?”

Want to know ‘the rest of the story’? Here’s what followed in the real answer:

Berko goes on to explain how the “S&P 500 fund (SPY-$186.44) isn't all it's cracked up to be…its return was less than stellar…. But your uncle-broker needs to go back to broker school.”

Berko further recommends to “ use the second $55,000 to buy a dozen dividend growth issues that are in the S&P 500 index. Johnson & Johnson, McDonald's, Procter & Gamble and Kimberly-Clark are just a few.”

There’s much more in his answer that space doesn’t allow.

Why is The Herald-Sun shortchanging both the readers and Malcom Berko? Some people say less is more. In this case less is like a joke without the punch line.

Bob Goetze

Pittsboro