Word: bonding
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...rising needs, a shriveled treasury, dubious credit and ineffectual leaders, Philadelphia last week was sliding toward budgetary disaster. What may have been its last hope, a big new loan guarantee from the Swiss Bank Corp. fizzled at midweek, prompting two Wall Street credit-rating agencies to lower Philadelphia's bond rating and making the 308-year-old metropolis a prime candidate for insolvency unless it can raise $400 million by the end of September...
...much time should America's most famous Wall Street criminal spend in the slammer? Junk-bond king Michael Milken, who is scheduled to be sentenced Oct. 1, could get up to 28 years. He has already been punished financially: last April, when Milken reached an agreement with prosecutors to plead guilty to six of the 98 counts of securities fraud and other crimes leveled against him, he was ordered to pay $200 million in fines and $400 million in restitution. Scores of Milken's friends -- and a smattering of his foes -- have deluged New York Federal District Court Judge Kimba...
...Governor ordered his cabinet secretaries to double an earlier 4% cut in their budgets to offset an extra $150 million deficit accumulated since June. He had already pushed through the largest tax hike in state history to deal with a $1 billion shortfall that has given Massachusetts the lowest bond rating...
Adding to the problem, he said, is that foot patrols are encouraged to establish ties with the communities they serve, and often feel a bond with the disenfranchised that makes them reluctant to take official action...
...goal of forming some kind of bond, as weak as it may be, has been reached. Chalk one up for both sides. Forming the bond was the real point of the conversation, while finding out where the other person lives was secondary...