Word: bondses
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So, was that it? The end of the lunches, the shared holidays, the bonds of friendship? Not at all. The friends retired together. Within months of one another, they moved 16 strong to the Windrows in Princeton, N.J., an assisted-living community. There, as before, they regularly lunch and play...
Ohio is only giving up two years of settlement money, but plenty of other states are cashing in their entire shares to solve one year's budget problems. Wisconsin will sell its portion of the next 25 years of payments to investors as bonds. The state hopes to raise more...
And when he wasn't borrowing from others, he'd steal from himself. A hit song would generate an answer song: "Alexander's Ragtime Band" was followed by "Alexander's Bagpipe Band," "Everybody's Doin' It" by "They've Got Me Doin' It Now." If a number wasn't a...
Of course, not all junk-bond funds are created equal. Those heavily concentrated in telecommunications bonds have been beaten up the worst. Examples include the 26% slide so far this year in the Morgan Stanley High Yield Fund and the 19% drop in the Invesco High Yield Fund--at a...
TIME.com See time.com/global for more on junk bonds, and see Dan each Tuesday on CNNfn's MoneyGang at 2:35 p.m. E.T.