Word: burnham
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Dates: during 1990-1999
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...their homegrown securities offices, have been teaching consumers how to decipher what mutual funds are saying. These education projects are funded with fines and settlements paid by Wall Street firms that on occasion landed on the wrong side of the law: Prudential, Salomon Brothers and the old Drexel Burnham Lambert. Getting hoodwinkers to bankroll a program to train investors to avoid being hoodwinked has a nice symmetry to it. Levitt, meanwhile, is taking consumer education to the national level. The sec has recently published a useful pamphlet, Invest Wisely, that demystifies the mutual fund, but Levitt's real goal...
...much admired by logging outfits, is an empty legalism.But the fact is that Headwaters and miles beyond it are owned, as is Pacific Lumber, by Hurwitz's Houston-based Maxxam company. After he grabbed Pacific in a 1986 hostile takeover, paid for largely with junk bonds issued by Drexel Burnham Lambert's Michael Milken, Hurwitz visited Pacific's mills at Scotia. "There's a story about the golden rule," he told employees. "He who has the gold rules." Then he drained $55 million from the firm's $93 million pension fund and, with the remaining $38 million, bought annuities from...
...best-selling collection of angel encounters, A Book of Angels, author Sophy Burnham writes that angels disguise themselves -- as a dream, a comforting presence, a pulse of energy, a person -- to ensure that the message is received, even if the messenger is explained away. "It is not that skeptics do not experience the mysterious and divine," she explains, "but rather that the mysteries are presented to them in such a flat and factual, everyday, reasonable way so as not to disturb." The rule, she says, is that people receive only as much information as they can bear, in the form...
...remove not the danger but the fear of it. Among the most memorable stories of World War I is the tale of the Angel of Mons. In August 1914 during one of the first battles of the war, British and French troops were retreating from a German assault. As Burnham tells the story, the wounded soldiers were taken to field hospitals where one, then another and another, told the nurses of seeing angels on the field. The French saw the Archangel Michael, riding a white horse. The British said it was St. George, "a tall man with yellow hair...
...Burnham also said he did not have a sense of what kind of student James Arthur Hogue...