Word: bonde
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Dates: during 1980-1989
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...were very lucky last October. Lucky not only because decisive steps by various governments stabilized the situation, but also because the bond market and the dollar did not crash along with stocks. One does not have to be a prophet of doom and gloom to sketch a possible downside scenario despite current strong economic statistics. With the trade deficit still high, inflation on the rise, no resolution to Third World debt problems and no decisive action on the federal budget deficit, we could see another steep decline of the dollar, a spurt in interest rates, a break in bond prices...
...significant increase in the level of illegal or unethical behavior in the financial community. Charges of insider trading, market manipulation, conflicts of interest and securities fraud are more and more common. The media have made their own contribution to this frenzied climate. They have turned raiders and junk-bond kings into a new economic elite, and takeovers into the highest form of business endeavor. But the combination of highly volatile markets and reports of irresponsible behavior by many in the financial community has undermined public confidence in the fairness of the system...
Flush with cash, Haft raised $250 million more in junk-bond financing for his Dart Group, which owns 262 Trak Auto and 212 Crown Books shops. Within a year, Dart mounted unsuccessful takeover campaigns for the May department stores, the Jack Eckerd drugstore chain and Beatrice. Profits on those raids: $13.2 million. The Hafts' biggest score came in October 1986, when the Safeway company paid Dart $59 million to go away, so that the chain's management could execute a $4.1 billion leveraged buyout of the firm. Dart's total take at the Safeway checkout stand: $137 million. Six months...
...impromptu public remarks. Nowadays Quayle mainly echoes Bush's assaults on Dukakis, playing to the hard-core conservatives who make up the Republicans' base. Bush aides claim that rallying the party faithful is all they ever expected out of the Indiana Senator. "When you judge him," Bush adviser Rich Bond told reporters, "all I ask for is some perspective on what is the traditional role of a vice-presidential nominee...
...there is a line between humor and reality. Steven and Lilah approach that line from different sides, and as each comes closer to seeing it from the other's perspective, the bond between them grows. Steven has not told his father, a well-known doctor, that he has dropped out of med school. For weeks, this deception provides fodder for his nightly routines at the Gas Station, the comedy club where he is struggling to get his start. But the line is crossed when his father sees him at the club on a night when he'd hoped...