Word: bonding
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Dates: during 2000-2009
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...This is the first time we’re competing as a team,” Rechul said. “Even though the nature of wrestling is that it’s an individual sport at a given time, I feel like our team has built such a bond throughout the last few months—we can come together as a team and do things that aren’t supposed...
...There are two (equally frustrating) discrepancies at issue here: One, the fact that some survivors of the September 11th attacks stand to collect hundreds of times what others will receive. Why is the life of a young bond trader worth $3.5 million while the life of a secretary is worth just $300,000? "I cannot make those distinctions and I will not make those distinctions," says Kenneth Feinberg, the man with the unenviable task of divvying up the Victim Compensation Fund. "Every life is valuable. I will not play Solomon." Luckily, he doesn't have to - there is nothing Solomonic...
...even the recovery hopes are putting a damper on the recovery hopes. Expectations of a better economy in 2002 - and of big budget deficits for years to come - have prompted the bond markets to bid up long-term interest rates up nearly a full percentage point since early November. Long-term interest rates, of course, are otherwise known as mortgage rates - the ones that keep consumers buying homes, refinancing mortgages and generally feeling flush. They have an annoying tendency to act independently of Greenspan's wishes. And expensive money for borrowing consumers - and borrowing corporations - are nobody's idea...
Something he has done very well is use his voice. One of the biggest weapons in the American arsenal during World War II was Roosevelt's extraordinary bond with the American people. He talked to them over the radio. And they very much believed what he said. In Bush's case, his rhetoric obviously is very different from Roosevelt's, but there is that same kind of bond. When Bush talks you feel he is talking from his gut; you don't hear the sound of pollsters and consultants hovering in the background...
...course, not all junk-bond funds are created equal. Those heavily concentrated in telecommunications bonds have been beaten up the worst. Examples include the 26% slide so far this year in the Morgan Stanley High Yield Fund and the 19% drop in the Invesco High Yield Fund--at a time when the junk-fund benchmark is up modestly. Scott Berry, an analyst at Morningstar, advises staying away from such funds because most telecom bonds will remain depressed. Two of his favorite funds are Northeast Investors Trust and Pimco High Yield, which have shied away from telecom bonds and, in Pimco...