Word: chipping
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Dates: during 1990-1999
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...quick start is somewhat atypical of the Crimson, who had to rely on big comebacks to win its last two contests over Army and Penn. But yesterday, Harvard sophomore Chip Linehan stuffed a Tim Reilly pass into the Vermont twine just 28 seconds into the game...
News Editor for this Issue: Matthew M. Hoffman '91 Night Editors: Andrew D. Cohen '92 Jonathan S. Cohn '91 Chip Cummins '92 Seth A. Gitell '91 Matthew M. Hoffman '91 G. Bart Kasowski '93 Joseph R. Palmore '91 Eric S. Solowey '91 Editorial Editor: John L. Larew '91 Feature Editor: Matthew M. Hoffman '91 Sports Editor: Michael D. Stankiewicz '90-'91 Photo Editor: Michael F. Koehler '92 Business Editor: Raymond Nomizu '91 Copy Editor: David G. Zermeno...
...draft the city's congressional delegate, Walter Fauntroy, as a candidate for mayor. Barry, who is undergoing treatment for alcoholism in Florida, blasted the indictment as a "political lynching." Some of his advisers suggest that his motive for staying in office is to offer to resign as a bargaining chip in negotiations for a lighter sentence. If convicted, he could be fined $1.25 million and sentenced to 20 years in prison...
...companies whose weak credit ratings kept them from issuing bonds that paid lower interest rates. When investors snapped up the junk, Milken expanded the market for his new securities. The tireless promoter argued that the risk of a junk-bond default was scarcely greater than the risk for blue-chip corporate bonds. Since junk securities paid interest rates about six percentage points higher than conventional bonds, Milken found many high rollers willing to buy them...
Despite their name, junk bonds -- more politely known as high-yield, high- risk bonds -- often serve a useful financial purpose. Companies that are too small to issue blue-chip bonds can use high-yield securities to raise money for expansion. Because their debt is considered riskier than the bonds of their larger brethren, the junk issuers must pay five percentage points or more above the prime rate...