Word: bond
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Dates: during 1980-1989
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...affixes to the teeth. Called Starfire brackets, they are made of transparent, stain-proof sapphire. They may become an attractive alternative to clear brackets made of plastic, which tend to discolor. Traditional metallic braces, though still widely used, give some self-conscious patients the feeling that they resemble James Bond's cinematic nemesis Jaws...
...started as a mistake, by all signs an honest one, but it grew into a Wall Street disaster. A 36-year-old senior bond trader at Merrill Lynch apparently lost his cool last month when rising interest rates started rapidly eroding the value of his $900 million portfolio. Instead of liquidating the securities and taking the loss, as most of his colleagues on Wall Street were doing, the Merrill Lynch trader seemingly gambled on a go-for-broke strategy. Without his employer's permission, he plunged in deeper, buying up $800 million more of the securities in the hope that...
...Rubin was apparently dealing in one of the tricky, relatively untested new types of securities. The bonds that tripped up Merrill Lynch are interest-only/principal-only securities, known as IOPOs. Investment houses create them by buying mortgage-backed bonds -- typically those issued by the Government National Mortgage Association, or Ginnie Mae -- and then splitting the securities into two parts, one that pays interest and another whose price rises or falls with the resale value of the bond. Rubin was selling the interest-paying bonds and hanging on to the principal securities, which lost value rapidly as interest rates rose...
...enlightened age, sex is nothing to be ashamed of. It is a natural, fulfilling experience closely linked with love, and, for the less fortunate, childbirth. It is a bond between two individuals. It is the culmination of a mature relationship...
While she admits that women do not necessarily have a place equal to their male peers at Harvard, she thinks that the formation of a Radcliffe bond to overcome these barriers is not the solution. "Where we are excluded, you have to deal with it on an individual basis, not an institutional one," she says...