Word: bonding
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...Dubious" certainly was the term for fresh disclosures that the city paid $400,000 to a trade task force run by a business associate of Bradley's. The Securities and Exchange Commission, moreover, is looking into the mayor's ! holdings in stocks, real estate and junk bonds; parts of Bradley's portfolio were handled by Drexel Burnham Lambert, whose deposed junk-bond king, Michael Milken, contributed to Bradley's political campaigns...
...Perelman got restless, moved to New York City and started collecting his own companies. Beginning with a chain of jewelry stores, he added MacAndrews & Forbes, a producer of licorice extract, in 1979. Then, with the help of financing provided by Drexel Burnham Lambert's junk-bond whiz Michael Milken, came Pantry Pride, a grocery chain. In 1985 Revlon was added to his list...
...customers can save the $25-to-$50 commissions that brokers and commercial banks charge on Treasury sales by purchasing the securities directly from the Government at a Federal Reserve Bank. For many investors, safety is still the ultimate lure. Said a Chicago police officer after buying a Treasury bond last week: "If you invest in the Federal Government, the whole country has to fall apart before you lose anything." Despite the Government's profligate spending habits, most people think it can still be trusted with a citizen's nest...
...first mobile phones that came out were fine -- as long as you had a pack mule to carry them. They were a long way from a James Bond-style phone that would be small enough to fit under a pillow or in a vest pocket. Now Motorola has made a giant step toward a truly mobile phone. The company last week introduced its Micro TAC Personal Telephone, which is about the size of a checkbook. It is 13.5 in. long and weighs just 12.3 oz. The phone comes in two models that carry price tags...
...theater? Answer: Definitely not!") But soon the marketers of TV had a brainstorm: promoting the new device as a way of bringing the family together again. "There is great happiness," exulted an ad for DuMont sets, "in the home where the family is held together by this new common bond -- television." Another promotional piece listed the things that "took the family away from home" -- including baseball, vaudeville and movies -- and presented TV as the family-saving alternative. (The job may have been done too well; today a lot of parents might welcome a baseball game...