Word: bondses
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The school is building new dorms, funded by state bonds, with suites including four single bedrooms, full kitchens and two bathrooms. New basketball courts and an aquatic center are also under construction.
Farndon's oils evoke the same, mildly pleasant feelings, soothing and persuading viewers to luxuriate in his images of the ideal moment. Rarely does his subject venture beyond a ship yard or a wharf, a sun-drenched path or a perfectly motionless pond. Thick paint and broad strokes complete his...
Beginning this week, you can call the new SEC hotline (1-800-SEC-0330) and get prerecorded answers to a variety of questions about stocks, bonds and mutual funds. But Levitt has more ambitious plans, starting with how to get the straight story out of your stockbroker.
So, after I pay the "portfolio adviser" to choose my mutual funds and the mutual-fund manager to choose my stocks and bonds, I pay the top corporate executives to buy and sell the right divisions -- and pay the investment bankers to tell them how to do it. Eventually, way...
A similar layering effect happens in the pension-fund corner of the financial world. Workers entrust their savings to trustees, who hire professional managers, who allot their assets among professional-inves tment firms, so that the investment firms can in turn allot them among various stocks and bonds. And there...