Word: highes
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Dates: during 1980-1989
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Still, for careful investors, here is a way to earn high interest on large chunks of cash, with some additional effort but little additional risk. Other points to note...
...sultry first Friday of summer, and office workers in Manhattan were streaming out of the city to start their weekend. Not so at the headquarters of Paramount Communications, formerly Gulf & Western, where the company's 14-member board of directors was making a high-stakes decision. Just 30 minutes after trading closed on the New York Stock Exchange, Paramount announced that it was increasing its hostile bid for Time Inc. from $175 a share to $200, thus raising its total offer from $10.7 billion to more than $12 billion...
...rescinding the share exchange already executed and on Paramount's ability to obtain adequate financing. To cover the cost of acquiring Time's stock and meet merger-related expenses, Paramount said it expects to secure $14 billion in bank loans and raise $1.6 billion through the sale of high-interest junk bonds...
...hilly, barely habitable patch that measures less than half a square mile. Abandoned more than a decade ago by native fisherfolk, the islet is teeming with life these days. Its new residents are Vietnamese boat people who, having fled their homeland and braved the dangers of the high seas, expect to make it the departure point for a better life elsewhere. More than 4,500 refugees vie for space in Tai A Chau's dozen crumbling huts and 50 tents, and the number keeps rising. Last week alone more than 700 boat people were sent to Tai A Chau. Each...
...seekers -- and more boat people are pouring in despite the colony's year-old attempt to close its doors. About 20,000 have arrived so far this year. "The problem is that it is an unending problem," explains Fazlul Karim, head of the local office of the United Nations High Commissioner for Refugees. Hong Kong, he says, is "completely...