Word: floated
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Dates: during 1980-1989
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...darkness has two colors: purple and gray. They float toward each other like ghosts in the hallway of Mallory's basement apartment. The darkness is absolute. Not even the walls are visible, until the door to the kitchen is pushed open and the apartment is cast in a cold silver, late afternoon light admitted through a single kitchen window. Three chairs surround a formica $ table standing flush against a wall. The seats of the chairs are torn open, exposing a brown stuffing. Beside one of the kitchen chairs a gas pipe juts straight up three feet where an oven used...
Firms like Drexel Burnham Lambert, which specialize in helping takeover artists float junk bonds, are another powerful new Wall Street force. Junk bonds are corporate IOUs issued by companies without established credit records, and are therefore considered risky. In the past two years some $27 billion in junk bonds have been issued. Both raiders and corporate executives who wish to take their companies private use them to raise the needed money. "Junk bonds completely changed the nature of the game," says Michael Dingman, president of Allied-Signal, a high-tech giant formed last summer in the friendly merger...
Nonetheless, some officials are taking measures to slow down or control the corporate wheeling and dealing. The Federal Reserve Board has been concerned about the financial impact of consolidations and is seeking to make it tougher to float junk bonds. Under a ruling likely to take effect in January, the Fed would limit the size of many junk-bond issues to 50% of the amount offered for a company. The move could cause a slowdown in takeovers and buyouts, at least until ingenious Wall Street moneymen devise new methods of raising funds...
...think shoulder pads would protect against that problem, but the pads Harvard wore last year had "floating" cushions over the oft-injured areas, cushions which tended to float away at the wrong moment...
...Checkmate resembles a football shoulder pad: it has much more cushioning all around and its pads don't float. Instead, they're anchored right on the critical area...