11. By the end of the year, fund officials said, its available funds will have declined to worrisomely low levels, even including the backup credit line. 12. CalPERS pension fund officials objected because they want to be free to make money for retired state workers without interference from the Legislature. 13. Earlier at the same conference, new Columbia Chairman and Chief Executive Thomas Frist assured fund officials he could resolve the probe and restore growth. 14. Finally, it was found by Karen Cummings, a fund official. 15. Fifteen bidders have registered for the sale, fund officials said. 16. Fund officials acknowledged that the attacks would have at least some effect on growth this year. 17. Fund officials are speculating that investors will be willing to pay a premium price to enter the Venezuelan market. 18. Fund officials dispute such accusations and say that high interest rates were necessary to bolster local currencies. 19. Fund officials said they will decide later what to do with the company. 20. Fund officials say privately that they cannot avoid financial bailouts altogether. |
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