MONTHLY JOURNALISM AWARD

...THE WASHINGTON MONTHLY Journalism Award for August 1986 is presented to John Dancy NBC Nightly News In a Special Segment report on Medigap insurance, which is supposed to fill gaps left by Medicare, Dancy showed how many elderly are convinced by high-pressure salesmen to buy policies that don't pay for nursing home care and leave them unprotected and often impoverished when illness arrives...

...Nominations for any newspaper, magazine, or radio or television station in the country are welcome...

...Welles also describes how major national banking and accounting firms that serviced the company should have seen that Stern had built a financial house of cards, but instead furthered the scam by giving Stern credibility in the market...

...Nominations will close November 15...

...Nominations should be accompanied by two copies of the story or stories...

...The award for stories published or aired in September will be announced in the January issue...

...Edward C. Welles San Jose Mercury Welles tells how Harry Stern, the slick CEO of the once respected, now bankrupt Technical Equities Corporation, lost $150 million for his trusting investors and bilked entrepreneurs by acquiring their small, profitable companies and then draining the firms' assets...

...The subject can be government in its federal, state, or municipal manifestation...

...The Monthly Journalism Award l presented each month to the best newspaper, ine, television, or radio story (or series of stoat) on our political system...