Bill C. Bosworth This is Me

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1. 1. News-Star OnlineFrom strong economy to financial ruin, Springfield needs help to stay afloat 06/06/04

   www.news-star.com/stories/0606 - [Cached]

   Published on: 6/6/2004   Last Visited: 6/7/2004

   ³There¹s been a steady decline in the median income without an increase in the city¹s tax base,² said Bill Bosworth, chairman of the accounting and finance department at Western New England College in Springfield. ³New industries aren¹t moving in, and the city¹s whole industrial base is eroding.²
   
   But Springfield once thrived.

2. 2. BostonHerald.com - Local/ Regional News: From strong economy to financial ruin, Springfield needs help to stay afloat

   news.bostonherald.com/localReg - [Cached]

   Published on: 6/4/2004   Last Visited: 6/4/2004

   "There's been a steady decline in the median income without an increase in the city's tax base," said Bill Bosworth, chairman of the accounting and finance department at Western New England College in Springfield.

3. 3. Bear market challenges the pros

   www.masslive.com/business/unio - [Cached]

   Published on: 7/21/2002   Last Visited: 7/21/2002

   Money managers are hunkered down now, said William C. Bosworth, an associate professor of finance and accounting at Western New England College in Springfield.
   
   "When the market is this emotional, they're sitting under their desks with their crash helmets on," he said.
   
   Paid money managers, like individual investors, may be avoiding stock purchases or moving money into safer investments such as Treasury bills, municipal bonds or cash.
   
   ...
   But beyond that, a flow of foreign money out of the markets has been a significant contributor, Bosworth said. "The perception of the United States has shifted somewhat. We were the paragon of where you would want to invest."
   
   With its lack of regulation and low taxes, returns in the United States were believed to be the best. However, that same lack of regulation and low tax rate may now be seen as a negative to European and Asian investors, he said.
   
   ...
   The shift of the United States from being in a government surplus to a deficit means money previously available for investment in stocks may end up buying Treasury bills to finance government spending, Bosworth said.
   
   ...
   For those under 40, in particular, the declining markets could prove a future boom, Bosworth said. "If they buy cheap stocks on the way down, they'll do better later."
   
   However, Bosworth said, there may be several reasons to be cautious about buying stocks for a time.
   
   Every indication from Washington is that the nation could embark on war with Iraq in the near future, Bosworth said. Until that time, many money managers will probably remain on the sidelines, investing a large amount of money in their care in cash and short-term instruments.
   
   Another danger for buyers in this market are the capital gains due on many mutual funds. Those who buy mutual funds that have sold stocks at a large gain this year will owe capital gains taxes; the advice does not apply to those buying mutual funds through a tax-deferred account such as an IRA or 401(k).
   
   Bosworth advises that some people wait until January before buying into such mutual funds.
   
   Despite the market's fall, the underlying economy appears to be improving, analysts said.
   
   "The consumer seems to be undaunted," Bosworth said.
   
   Although many companies are reluctant to make large capital expenditures, they have cash on hand to make them when the signs point to a more robust recovery, he said.
   
   ...
   Bosworth said he believes the current measures being debated in Congress will not have much of an impact in changing the corporate landscape. More reforms are needed before confidence returns to the system, he said.
   
   Executive pay remains too high, and executives are still encouraged to take huge risks at their companies by their massive stock option ownership, he said.