Word: fad
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Fears about a Wall Street fad...
Wall Street can be as slavish in following a financial trend as clothing designers are in copying fashion changes. This year's financial fad is the leveraged buyout. In these deals, the group of investors buying a company puts up the firm's assets as collateral. Since the loans needed for a leveraged buyout are thus backed by the company itself, there can be big profits for the investors, who often put up very little of their own cash. In one of the most celebrated leveraged buyouts, former Treasury Secretary William Simon and a group of financiers bought...
...candy and fruit toppings, which can be sprinkled on top or mixed into the ice cream (slightly higher charge for mix-ins--they use lots of elbow grease.) Very serious hot fudge, and the prices (about $2for a large Scoop with Reese's) reflect the extremity of this permanent fad. Emack and Bolio's (1310 Mass, Ave., 1726 Mass, Ave.): the legend has it that the place was named after two burns, but the ice cream here is anything but down-at-the-heels. A serious contender for die-hard's scream fans, E & B ofters flavors more exotic, than...
...biggest conflict in the new frontier has occurred in Bolivia's sparsely settled Beni region, where the number one export is cocaine. The millions of dollars the fad drug of the 80's has brought to the impoverished nation gives the growers an important role in the national economy. So important, Kandell reports, that the last government which cooperated with Drug Enforcement Administration officials from the United States was quickly removed from office by the military...
...Knoll, it combines the work of Cranbrook creators into a smart, elegant interior, as representative of our time as the Victorian parlor was of its own. Like so much else from Cranbrook, the interiors evince a belief in the joy of design without the restraints of dogma, Weltanschauung, polemics, fad or fashion. At the same time, they live up to Founder Saarinen's credo that "the first thing and the most important one is to develop an adequate design to express our contemporary life." -By Wolf Von Eckardt