Opinion

Underwriting municipal securities (bonds) issues is not without risk. To spread this potential risk, underwriters (investment bankers that bring new issues to market) form an underwriting syndicate. Underwriting syndicates are typically organized as joint ventures rather than partnerships (which further limits the risk of the participants).

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“Simple Choices” is one of the wisest, most humble and helpful books for parents that I’ve read in a long time. It’s written by Lisa Graham Keegan, a nationally recognized educator and political leader who has had to deal with her father’s desertion of the family, discovery that she is carrying a genetic disorder and several other huge challenges. But with laughter and love, she has emerged as a kind, caring, positive parent. She has wonderful stories to tell and creative suggestions I’ve read nowhere else.

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As April opened with wind-driven snow and temperatures that still featured wind-chill readings, Minnesotans longingly looked from their windows waiting for the day when ice-covered lakes would open and fresh-water fishing could resume. It’s a way of life and in Minnesota sport fishing is a $2.8 billion industry of vital importance to the state’s economy and well being.

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A terrific new movie describes Cesar Chavez, a remarkable American whose influence continues to help Americans – and Minnesotans. Having seen the movie, talked with people who knew Chavez and had a tiny role in his work, I strongly recommend the picture. The movie “Cesar Chavez” was released March 28 and is rated PG-13.

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Until the Tax Reform Act (TRA) of 1986 changed the favorable tax status of Uniform Gift to Minors Act (UGMA) and its successors, the Uniform Transfers to Minors Act (UTMA) adopted by the National Conference of Commissioners of Uniform State Laws in 1983. Many people used these accounts as a means of transferring highly taxable income and capital gains to a child in a lower tax bracket through gifts of money or securities.

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