Word: bond
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Dates: during 1980-1989
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...Moreau and thereby precipitated the end of an already troubled marriage, Redgrave had a romance with actor Franco Nero, with whom she had a son, Carlo, now 19. More recently, she shared bed and the boards with actor Timothy Dalton, almost ten years her junior (and the latest James Bond), who was her Antony and Petruchio in the repertory triumphs...
Final clubs do not admit women, except during special occasions such as parties, when they admit lost of them. Some people believe this is discrimination, largely because it is discrimination. Final club members say they just want to male bond, except during parties, when they have other things on their minds...
...billion junk-bond market has grown explosively since the early 1980s, when Drexel Burnham Lambert's Michael Milken pioneered the use of high- yield bonds as a means to finance hostile takeovers. In the wake of his indictment last March for insider trading and racketeering, Milken has resigned his Drexel post and stayed far removed from the market. But speaking at a Manhattan conference on high-yield debt last week, Milken suggested that it was time to buy, not sell, junk bonds. Said he: "There is tremendous opportunity out there today...
Investors had expected the junk-bond market to soften during an economic downturn. But they have been taken aback that defaults are rising and junk- bond prices are plunging during a time of relatively stable growth. The implication is that any serious industrial slump could give the junk-bond market a full-fledged nervous breakdown...
...conflict was over financing. The father was cautious, the son a plunger. Says Ingersoll: "He was still thinking in hundreds of thousands when I was thinking in millions. He never really understood the fungibility of debt and equity." Later, capital for some deals was assembled by indicted Drexel junk-bond financier Michael Milken, whom Ingersoll regards as a close friend. Says media analyst John Morton of Lynch Jones & Ryan in Washington: "From all we can learn, the company is healthy, although heavily leveraged. The small papers are cash cows. I admire him for taking this risky venture...