01999 Teacberj Insurance an<) Annuity Anociation/ColUge Retirement Equities Fund, SY, NY Page 10 • Thursday, October 14, 1999 ATION MILLIONS OF THE BEST MINDS IN AMERICA HAVE ALREADY CHOSEN THE BEST RETIREMENT SYSTEM: Clinton defends forest pi : Batt: President says protection of timber will not hurt ink TIAA-CREF. W hen it comes to planning a comfortable future, America's best and brightest turn to the expert: TIAA-CREF. With over $250 billion in assets under management, we're the world's largest retirement system, the nation’s leader in customer satisfaction,** and the overwhelming choice of people in education, research, and related fields. manage the largest stock account in the world (based on assets under management). Today, TIAA-CREF can help you achieve even more of your financial goals. With TIAA-CREF you'll find the flexibility and choice you need, backed by a proven history of performance, remarkably low expenses, and peerless commitment to personal service. REDDISH KNOB OVERLOOK, Va. (AP) — With the Shenandoah Valley’s first tinges of fall color for a back drop, President Clinton said yesterday his sweeping plan to place 40 million acres of federal forestland off-limits to development would not harm the timber industry. The remote, largely pristine parcels of land Clinton wants to preserve represent a mere fraction of feder ally owned forest, he said. Vast reaches of other fed eral timberland are already available for logging and other development, he said. “It is very important to point out that we are not try ing to turn our national forests into museums," Clinton said as he detailed a plan environmentalists call pro gressive and the timber industry has called reckless. His program would prevent or restrict road-build ing through the larger sections of currently roadless federal forest, most of it in the West. Less than 5 percent of timber harvested in Ameri ca comes from national forests, and of that amount, just 5 percent comes from roadless areas, Clinton said. “We can easily adjust our federal timber program to replace 5 percent of 5 percent," Clinton said to ap plause, “but we can never replace what we would de stroy if we don’t protect these 40 million acres.” Roads open forest areas to development, erosion and pollution. They also disrupt wildlife, plant life and natural systems. But roadless fedetalli contains some of the most desirable! by the Forest Service. Timber companiesj allies in Congress oppose any effort toclos({ ture development. “... We can never replace what we would destroy if we don't protect these 40 million acres.” - PRESIDENT CLINTON ON FOREST-PROTECTION PLAN The president took a few swipes at con[ Republicans, several of whom have alreii nounced the forest plan, for what hedei shortsighted views on the environment. “Once again, the leaders of the Republicaitj ity are polluting our spending bills with' est riders that would promote overcuttingj forests, allow mining companies todumpt waste on public land and give a huge windfall! panies producing oil on federal lands,” Clinto Expertise You Can Count On Find Out for Yourself Tyson Foods fined for labor violations |mor ru! For over 80 years, TIAA-CREF has intro duced intelligent solutions to America’s long-term planning needs. We pioneered the portable pension, invented the variable annuity, and popularized the very concept of stock investing for retirement. 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Investments in securities such as mutuad funds and variable annuities are subject to certain risks including the possible loss of principal. 8/99 HOPE, Ark. (AP) — The Labor Department fined Tyson Foods Inc. nearly $60,000 yesterday for child- labor law violations after a teen ager was killed at an Arkansas plant and a young worker was in jured in Missouri. In the Arkansas case, investiga tors said 15-year-old Juan Alderete of San Felipe, Mexico, was electro cuted when he walked into a ven tilating fan while chasing chickens late one night in April. In the Missouri case, a teen age worker seriously injured both his legs when he slipped and fell into an auger. He also suffered se vere nerve damage and second- degree burns. The Labor Department said a 15-year-old and two 14-year-olds also were found to be working at the plant illegally. fT I 1 II ■turday’ Tobacco company hr says it knew of risl NEW YORK (AP) — Philip Morris Cos. is acknowledging for the first time that smoking is dangerous and addictive — a turnaround that appears aimed at protecting the company against smokers who might someday claim they were un aware of dangers. The world’s biggest cigarette company’s acknowledgment is spurring renewed calls for feder al regulation of tobacco and greater efforts to keep children from taking their first puff. Philip Morris, producer of the best-selling Marlboro brand of cig arettes, publicly acknowledged with the debut of its ct temet site yesterday smoke- serious health risks. "It certainly makes dee: have said for years, thank] bacco companies shouldara for their actions in court,’! dent Clinton said yeste "They should stop mar their products to children certainly they should do more to reduce youth smi The Justice Departmer: suit against the tobacco® nies last month, seeking::! cover billions of dollars!' eral health costs for theme treatment of sick smoken an wen ason, i [ni who eir plat jWouk I’Mar 1 ps nun [ould f |e Wei powcas' pm to Q !om Cal 1 Ml tin ti r~ Everyone gets a FREE CD ^ of cool, indie music