Word: bonde
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Dates: during 1980-1989
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Nonetheless Drexel Burnham, which earned a record $800 million in profits last year, most of it connected with its ability to sell takeover-related junk bonds, is now limping badly. The firm claims that it is raising more new money than ever before, but it appears that precious few new takeovers financed by the company have been announced in the past two months, while a number of previous deals have collapsed. Sources close to the company say Drexel Burnham has had to buy up all or part of several recent junk-bond offerings on its own account after they could...
Self-made Perth Millionaire Kevin Parry, whose Parry Corp. has assets of $180 million from gold mining, TV productions and real estate, has spent some $10 million on his three Kookaburras. But he did not decline a $66,000 check handed over last week by 1983 Winner Alan Bond, his rival Perth wheeler-dealer whose Australia IV was beaten in the defender trials. Before that peace offering, though, the two had exchanged a squall of nasty words following Australia's defeat...
...Kookaburra helmsman, "Conner had no great speed advantage. He won because he was always in the right spot." Another well-fed skipper -- "Lard" to his mates -- Murray cuts a Dennis figure in several ways. As New York had shunned Conner, Murray was passed over by Perth Millionaire Alan Bond, the Cup's Australian guardian. Sailing for Business Rival Kevin Parry, Murray whacked Bond's Australia IV 5-0. "He even looks a little like me," says Conner. "He lost at the America's Cup last time too. He knows what it is to lose...
...pass them by. The brutal storms of January tear through the cloak of statistics, and once again an abstract problem -- discussed in terms of percentage increases and changing demographics -- becomes a shivering man or woman struggling for survival, a pair of eyes that painfully remind us of our human bond. In cities across the nation shelters overflow, leaving the spillage to cope on steam grates or in subway tunnels or wherever else warmth can be found. These street people are the most destitute of the nation's 350,000 or more homeless citizens. To explore their plight, Time Correspondent...
...Disastrous," said Dickson. "Everything broke and went wrong." Conner ended the week needing only one victory to clinch the challenger's berth in the finals, while the dispirited Kiwis had to win three. If the draper succeeds, next week he will face either his old nemesis, Perth Millionaire Alan Bond and Australia IV, a descendant of the boat that won at Newport, or more likely the lithe and speedy Kookaburra III, owned by rival Perth Businessman Kevin Parry. Some experts now believe the onrushing Stars & Stripes will take it all. Conner is making no claims. But though...