Word: bonding
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Reeves was referring to the city's bond rating, which is based on the size of its free cash fund...
Different versions of the tax are being considered, including a 1 percent tax on all property sales, or a 1.5 percent tax on sales over $300,000, Councillor Henrietta A. Davis said in an interview. The transfer tax will be used to fund a bond issue to assist displaced tenants...
Jake McGowan is squirming. It's this new book, Po Bronson's The First $20 Million Is Always the Hardest (Random House; 302 pages; $23). Bronson, whose first novel, Bombardiers, skewered the world of Wall Street bond traders, has now set his sights on Silicon Valley. What fascinates McGowan is that the book reads like an old-fashioned roman a clef, in which fictional characters bear an uncomfortable resemblance to people you know--in this case, several computer-industry legends...
...himself one of rock's more adaptable creatures. Now 50, the creator of such best-selling albums as The Rise and Fall of Ziggy Stardust and The Spiders from Mars has become the first entertainer of any stripe to "securitize" himself. Last month staid insurance companies turned into rock-bond groupies, excitedly buying up $55 million of so-called Bowie Bonds privately placed by Fahnestock & Co., a New York City investment firm...
...effect, the bond sale allows Bowie, who reportedly is worth more than $100 million, to collect his royalties up front. And by using some of the proceeds to buy out a former manager, Bowie will gain total control of his music--a rarity for an artist. With advantages like that, can Frank Sinatra Securities or Stephen King Coupons...