Word: bonding
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...government of Dominica filed suit against Citibank in July, accusing it of extracting "secret profits" of about $1.8 million from the transaction, on a bond issue that lacked proper security and provided, in effect, only $14.2 million in financing, the lawsuit alleges. Citibank is expected to submit its formal response in the case next month. Dominica's airport, hampered by bureaucratic struggles, has not been built...
Seereeram contacted Dominica's government after seeing documents related to the bonds. According to the terms of the deal, outlined in documents obtained by Time, the airport was to be financed in part by bonds to be secured by a $2.8 million "sinking fund," or money loaned in excess of construction needs and managed by Citibank. But instead of investing the sinking fund elsewhere, the documents show, Citibank used the fund to buy up the airport bonds and convert them into a different kind of bond that reaped a higher premium, without telling the borrower...
...Last week we asked, "Do you think a better understanding of their religious bond might make Jews, Muslims and Christians less prone to conflict...
Moonlight Mile's finest performance is by a virtual unknown, Ellen Pompeo, as a bereft soul who becomes Gyllenhaal's love interest. Forging a deep bond with the actor and the audience, Pompeo is lovely, funny, intense--star quality in the making. Now let's see if she and Hollywood know what to do with it. --By Richard Corliss
...question of who gets the friends when a couple splits is not the sort of issue that attracts a federally funded study, but it's a dilemma almost every adult faces. Can you stay friends with both spouses after they're not friends anymore? Does the snapping of one bond put all the skeins of the friendship at risk...