Word: bonding
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...together affably in the greenroom about who ate up all the bagels before going out to scream at one another on a TV talk show. These people all know that what they share--the media's avid gaze--sets them apart from the multitudes it ignores while creating a bond among the favored that is impenetrable to the anonymous, and is, in various ways, dangerous to all concerned...
...what a deal it got. New Mexico and the community of Rio Rancho, just north of Albuquerque, won the bidding war by showering Intel with tax abatements and other assistance. Sandoval County, where the company erected its fab, authorized $2 billion in industrial revenue bonds in 1993 and an additional $8 billion in 1995--the largest local-government bond offering in history. The county held title to the land, building and equipment, which it leased back to Intel...
...Bond of Brotherhood
...there are moments when Schine shines. She gives an occasional revelation about self-knowledge and a meaningful insight about the ways woman bond--but these are scarce. Jane believes that Martha gives "a sort of glorious uniform of the soul, new and intricate and ever changing, which [she] could put on each morning without thinking or choosing, which [she] could wear all day and even at night and revel in the pleasure of the fabric against [her] skin, the swirl of the skirts, the elegant shape." These rare and vivid images are beautiful and show Schine's strength...
Here you, the individual investor, have the edge on me, the professional money manager. Buying the high-yield bonds of individual companies, as I would have to do, would leave me vulnerable to the junk market's current illiquidity (expressed as the large gap between the price at which you can buy and sell the same bond). But you can buy shares in a diversified junk-bond mutual fund with a good record, such as Fidelity High Income or Vanguard High-Yield Corporate Portfolio. You'll get a high yield and the potential for capital gains when the market steadies...