Word: bonding
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Dates: during 1980-1989
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...York Times. Her knowledge of food is almost as encyclopedic as the Larousse Gastronomique's, her judgments as potent as the Guide Michelin's. When La Sheraton damns a bistro, its owners have been known to look around for a safe job in, say, the bond market...
Borrowing to cover the cost of the deficit would lower the city's bond rating from AA to A, which would cost the city thousands of dollars in interest on current bond issues, he said...
...least four smaller bond-trading houses have gone bankrupt since October, but the biggest losers are the bond buyers, which range from huge pension funds to modest-income individuals. The investment banking house of Morgan Stanley estimates that bond values have plunged by more than $500 billion in the past six months, a drop of about 20%; an equivalent slide in the stock market would have sent the Dow Jones industrials down by about 160 points. Last fall investors paid $1 billion to buy new IBM bonds; they are now worth about $750 million...
...Justice Department has a roster of some 18,000 federal cons who, all told, owe about $80 million in fines and bail bond forfeitures. Some of the deadbeats, among them many Prohibition moonshiners, are dead; others are in prison, untraceable, or truly too poor to pay (tightlipped Watergate Burglar G. Gordon Liddy, for example, has paid only $5,051 of his $40,000 fine, and Justice considers his pleas of poverty to be genuine). Yet the Department says that there are some 3,500 debtors who can claim no excuses. Their fines total about $20 million...
...chief attraction is an indoor mall with an outdoor escalator. The local bar, where she spent the happiest days of her merrily misguided youth, is on the verge of bankruptcy, and Flo, who is on her way to Houston, is persuaded to buy it. Her tight-lipped mamma (Sudie Bond) and Flo's girlhood friend (Joyce Bulifant) pitch in to help make the place presentable, and we are introduced to what gives some promise of being an amusing cast of characters...