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JANUARY 31, 2005
Edited by Toddi Gutner INVESTING Teaching the ABCs Remember the $80 million Wall Street was ordered to set aside for investor education when the major firms settled conflict-of-interest charges in April, 2003? BusinessWeek has learned how the two nonprofit organizations receiving the money are planning to spend it. The most high-profile initiative will be a 13-part television series called MoneyTrack. Funded with part of the $27.5 million received by the Washington-based Investor Protection Trust (IPT), the series will premiere on Apr. 24 on Philadelphia's WHYY-TV, then air on at least 58 other PBS stations. Each half-hour program focuses on real people talking about their experiences. In one episode, a retired teacher explains how she amassed a million-dollar portfolio. Another woman tells how she fell for an investment scam. IPT President Don Blandin says many stations plan to follow up with workshops and call-ins to experts. The settlement also requires IPT to award grants to all 50 states. So far it has funded projects in Arizona, Florida, and Pennsylvania. In Pennsylvania, the money will be used to train teachers to educate youngsters about personal finance. The newly created Foundation for Investors' Education, in New York, has not finalized plans for its $52.5 million. But Executive Director George Daly says it will likely try to help investors make informed decisions about their retirement plans at critical moments, such as when someone is rolling a 401(k) into an individual retirement account because of a job change or retirement. Daly says research shows that most general investor-education programs are not effective. By Ellen Hoffman FITNESS Ready For A Snow-Shovel Workout? Forget making your way to the gym on wintry days. You can get a great workout shoveling snow -- if you do it correctly. The trick is to bend your knees and not twist your back, which can lead to injuries, says Gregg Boughton, spokesman for the National Athletic Trainers' Assn. and a certified trainer in Laramie, Wyo. So when you shovel, face the pile squarely, thrust the shovel forward using your arms and legs, and turn your whole body to deposit your load. Take breaks every 10 scoops and roll your head and shoulders as well as stretch your calves and thighs. If you get tired and sore before the sidewalk is clear, call the kid next door to finish up. By Kate Murphy   TIME OFF Kentucky's Other Track Louisville may have Churchill Downs and its Kentucky Derby, but Lexington has the more picturesque track: Keeneland. General admission is $3 for its spring meet, which runs from Apr. 8-29. But beginning Feb. 1, you can reserve grandstand seats for $6 to $15 at keeneland.com. Call 800 456-3412 or e-mail tickets@keeneland.com after Feb. 28, and you might snare an unused owner's box. By Carol Marie Cropper 
By Ellen Hoffman
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