Word: dunning
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...letter, the few bond houses that judge who will receive what ratings have become powerful and much-wooed forces in U.S. finance. Even before borrowers register their plans with the Securities and Exchange Commission, they call on one or all of the nation's three bond-rating services-Dun & Bradstreet, Moody's and Standard & Poor's. With briefcases stuffed full of balance sheets and revenue and repayment schedules, they are quizzed by committees of experts. Of the two largest services, Standard & Poor's makes 11,000 ratings a year, Moody...
...stroke he had suffered in January, he had himself brushed aside a question about his successor with the smiling reply: "My lifetime is not ending so very soon." Last week he had helicoptered back to Delhi from a four-day vacation in the cool hills surrounding Dehra Dun. He woke as usual at 6:30 a.m., but instead of performing his customary yoga exercises, complained of pains in his back. Within minutes, he collapsed in a coma from which he never recovered. At 2 p.m., he was dead. A Cabinet minister rose in Parliament and announced in a choked voice...
Along with Dun & Bradstreet reports, file drawers in his secretary's office are stuffed with Wildenstein catalogues, Parke-Bernet auction lists, and color transparencies. On his desk sits a tiny Daumier bronze of a humble country bumpkin. He also wants his employees to appreciate art, gives them plenty to look at. Rarely have they failed to enjoy it, but once he had to take down a Leger tapestry of a mechanical man in the office foyer. Employees read themselves uncomfortably into the image...
...priority was raising a library. Pitts armed his students with tin cans so that they could dun Negro families for "a mile of dimes." Bull Connor, then Birmingham's commissioner of public safety, vetoed the drive. "What about all these kids with their tin cans?" Pitts asked, but Connor stood firm, and Pitts had to call off the drive. Incensed at Connor's meanness, people all over the country chipped in books. Yale students collected 6,000 books and delivered them personally; the Miles library now has 28,000 volumes...
...boom is passing them by. Most share the lament of Chairman Glenn H. Friedt Jr. of Detroit's United Platers, Inc., which handles chrome plating for the fast-moving automakers: "I find it embarrassing to admit that this year is no better than last year." Worse yet, Dun & Bradstreet reports that 87% of the nation's 15,800 bankruptcies last year were small businesses, i.e., those with liabilities of less than...