Word: bondses
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By 1 p.m. John was on their own roof with the garden hose. The view across the canyon to Hiller Highlands was unnerving. One by one, houses exploded in flames. A neighbor yelled that they were surrounded by fire. "We're the hole in the doughnut," he shouted. John shivered...
The specter of free agency can make even a shrewd organization nervous. The Pittsburgh Pirates, with a core of fine young stars, got that now-or-never feeling this year. Why? Because slugger Bobby Bonilla is expected to become a zillionaire elsewhere this winter, and Most Valuable Player candidate Barry...
A. Because airports cost a lot of money. Look, the public doesn't build airports, we do. When a city decides to build or expand an airport, they sell bonds, and the bonds are guaranteed by the airlines on the basis of long-term leases.
It's a familiar American story. We expect our lives to be perfect, and when they are not--our babies are born with nine toes, our fenders are dented, our bonds are devalued, we slip on an icy sidewalk, we get hit by a foul ball--we blame somebody (the...
The image of Milken scrubbing floors and Peltz presiding over hundreds of millions is remarkable, at the least. As described in Connie Bruck's exceptional 1988 best seller, The Predators' Ball, Milken made Peltz. He suggested Peltz buy giant National Can, and then American Can, among others, and then floated...