Word: bonding
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...order to hold on to precious capital, companies are increasingly delaying the payment of bills. Says C. Richard Lehmann, head of the Bond Investors Association: "Companies are writing checks but waiting for creditors to call and ask for payments before mailing them." But that doesn't mean that corporations are any more understanding of their own customers. They are stepping up their pressure on businesses that owe them money...
Many corporations have dreamed up creative means to pare down their debt. Vail Associates, the Colorado ski-resort operators, paid down part of its interest expenses in free ski passes rather than cash. And FPA, a Pennsylvania real estate developer, retired $19 million in junk-bond debt by giving its creditors raw land that it owned...
...York. A barrage of bad news about the state budget gaps delivered the final blow to an environmental bond issue of nearly $2 billion. That was an embarrassment for Governor Mario Cuomo, who made support of the project a centerpiece of his own successful re-election campaign. Now money for recycling, land preservation and other programs the bond would have financed will have to come from a reluctant state legislature or higher local taxes...
Glee Club President Darren Walker '91 says their past gives club members a unique male bond, and member Henry Roman '92, a three-year club member, calls the group a "fraternity-like brotherhood." But all the Holden groups seem to share a social link. The groups' parties, outings and weekend retreats in early autumn allows for social networking that sometimes takes a romantic turn. "There have been a few romances between members of different groups and they have not been discouraged," says Collegium President Kelly Flynn...
...have been bombarded with recipes to ripen their personal lives, if not their professional ones. They are now Lamaze-class regulars and can be found in the delivery room for the cosmic event instead of pacing the waiting-room floor. They have been instructed to bond with children, wives, colleagues and anyone else they can find. Exactly how remains unclear. Self-help books, like Twinkies, give brief highs and do not begin to address the uneven changes in their lives over the past 20 years. "Men aren't any happier in the '90s than they were in the '50s," observes...