Word: bonding
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...educators in 40 countries, cloaks any differences with that pluralistic tradition in bland language. But it states that faculties are expected to follow "the teaching authority of the Church in matters of faith and morals." Schools will normally run their own affairs, but they will also have "a special bond with the Holy See." In a surprise inclusion, the Pontiff states that the majority of teachers at Catholic institutions must be Catholics themselves...
Milken had profitably discovered that S&Ls could use junk bonds in two ways: to borrow money for expansion and to invest money for a high rate of return. M.D.C.'s Mizel, hard pressed by the economic downturn in Denver and kept afloat by insider swaps with Silverado, met the junk-bond king in Manhattan and became Milken's enthusiastic client. So too did the influential Norman Brownstein, an M.D.C. board member and Mizel's attorney, who lobbied in Washington in favor of the use of junk bonds...
...raging out of control in the 1980s. After deregulating the industry at the start of the decade, politicians looked the other way as reckless thrifts financed countless condominium blocks and office towers that now stand empty. Meanwhile, many questionable -- and sometimes criminal -- business practices were allowed to flourish. When bond salesmen for Keating's Lincoln Savings and Loan went to work, a memo advised them: "Always remember the weak, meek and ignorant are always good targets...
...general, I would say that it is just a great great thing to take a step away from Harvard just to get a focus on it," says Bradford D. Woloson '91-92, who spent last spring in London interning as a high-yield bond analyst...
Other critics said they had suffered in the collapse of the junk-bond market or had taken pay cuts in the aftermath of corporate buyouts. Claude Daughtry, a real estate agent in Berkeley, complained that he had lost money in the junk-bond debacle and called Milken's fine a travesty. Ronald Cornwall, a Pennsauken, N.J., grocery clerk, said his salary plunged from $33,000 to $24,700 when his employer, Pathmark, was acquired...