Word: bonding
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Bush supporters, including Republican PartyChair Richard Bond, tried to rationalize thepopularity of insurgent candidate Buchanan...
...wouldn't exactly call it flirting, but you try to bond with the guy," she says...
Poor Michael Milken. He's already paid $600 million in penalties and is 12 months into a 10-year prison sentence -- and he still has to worry about hundreds of lawsuits filed by investors claiming they were bilked by his schemes. To settle those charges, the fallen junk-bond king has now agreed to pay $500 million more in a deal that requires the approval of U.S. Judge Milton Pollack in Manhattan. Plaintiffs include the Federal Deposit Insurance Corporation, which alleges Milken helped undermine the savings and loan industry by persuading S&L chairmen to load up on junk bonds...
However, when the top layer of the middle classes -- professionals, senior managers, proprietors whose businesses have not been damaged by the current hard times -- is skimmed off, a certain unity appears. That top stratum is relatively small. But even some members of that favored group share a strong bond of attitude with those a step or two down: they share a feeling of loss. A recent TIME/CNN survey showed that 88% think it is more difficult, compared with a few years ago, "for the average middle-class American to make ends meet...
...million in employee bonuses shortly before the collapse of Drexel Burnham Lambert. The bonus bonanza -- which totaled more than twice the amount of the debt on which Drexel defaulted -- helped push the firm over the edge, as it struggled with mounting lawsuits over the dealings of its junk- bond division. Now the reorganized company is suing the recipients of its largesse to recover the loot...