Word: chunks
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STRAPPED WITH A DEBT OF $4 TRILLION, UNCLE SAM naturally wants to pay the lowest interest rates possible. In a move expected to save up to $16 billion over the next five years, the Treasury said it would shift a big chunk of its borrowing from long term to short term. The use of bonds and notes that mature in five years or more, which currently carry interest rates of roughly 5% to 7%, will be reduced 45%. More money will be raised with securities that mature in three years or less, on which the government has to pay only...
...investor group controls 28.7% of Continental Airlines, and RICHARD C. BLUM, a key Northwest Airlines board member, recently held a secret meeting in the very conspicuous Hotel Bel-Air in Los Angeles. If the two can work out the snags -- such as the fact that Air Canada owns a chunk of Continental -- Bonderman and Blum could make a deal that would shake up the airline industry...
After losing a sizable chunk of last year's squad, not many would have predicted a return trip to the NCAA Division I Championships for Harvard. But the Crimson (14-7) has surprised its followers this year, and its strong season has culminated in an invitation to the season-ending tournament...
Losing Drury, Mallgrave and Flomenhoft, however, means more than just losing a major chunk of scoring...
Hospitals further rechannel the health care dollar to pay the pharmaceutical companies. This chunk of the health budget is growing--medical technology continues to surge ahead at a breakneck pace, bringing with it skyrocketing costs for designing and testing frontline drugs. As the average life expectancy lengthens, the desire to prolong a high quality of living will spur the use of more and more expensive medications...