Monthly Archives: February 2012

BOSTON (Reuters) - Ronald O'Hanley has emerged as an outspoken force inside Fidelity Investments, giving a speech on Thursday that touched on sex, drugs and revolution as he warned that young Americans face getting a raw deal from the U.S. retirement system. Top executives at the Boston-based mutual fund giant are known for being conservative and scripted in their public appearances. But since O'Hanley joined Fidelity in 2010 as the president of asset management and corporate services, he has demonstrated a more free-wheeling approach in his public comments. The United States is facing a "real crisis in intergenerational inequity," O'Hanley said in explaining how Social Security's cash deficits continue to grow as retirees outnumber the people entering the workplace. The crucial question that faces O'Hanley's college-age son and his friends, he said, is what kind of retirement system they will have when they grow old. The United States is at the tipping point in dealing with problems affecting the retirement savings system, O'Hanley said. If the country doesn't deal with the issues now, he added, there will be a more severe crisis 10 to 15 years from now, such as a significant increase in homelessness. "It's a truly raw deal … Continue reading →

Leslie Carter overdosed and was under the influence of several drugs before her death, according to an incident report obtained by ABCNews.com from officials who responded to her family's 911 call. The report lists three drugs that were found near Carter: Olanzapine, used to treat the symptoms of schizophrenia and bipolar disorder; Cyclobenzaprine, a muscle relaxant; and Alprazolam, used to treat anxiety or panic disorders, also known as Xanax. The report reveals that Ginger Carter, Leslie's stepmother, told authorities that Leslie had "a long history of mental illness and was on medication for her depression." Her stepmother said that Leslie seemed depressed the morning of Jan. 30, and that she fell in the shower. Ginger Carter helped Leslie lie down, at first with Leslie's 10-month-old daughter, and periodically checked on her. Late in the afternoon, she found that Leslie was not breathing. Robert Carter, Leslie's father, tried to perform CPR on her, and Leslie's stepmother then called 911. See Leslie Carter's full incident report. Kristy Leibowitz/Getty Images Ginger Carter also appeared to be under the influence of drugs or alcohol or both, according to the incident report. "Ginger had slurred speech, pinpoint pupils, glassy eyes and kept falling asleep," the … Continue reading →