Word: hocks
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...adolescents find it hard to get off. "People say, 'I'll just take them for three months until I get the look I want, and then I'll quit,' " explains Adam Frattasio, 26, of Weymouth, Mass., a former user. "It doesn't work that way." Bulging biceps and ham-hock thighs do a fast fade when the chemicals are halted. So do the feelings of being powerful and manly. Almost every user winds up back on the drugs. A self-image that relies on a steroid-soaked body may be difficult to change. Chamberlain has a friend...
...trillion this year, a rise from 32% to 37% of U.S. gross national product. LBOs can be especially worrisome of borrowing, because they replace virtually all of a company's equity with IOUs that must be repaid. A sudden downturn can thus put a firm heavily in hock out of business. "High leverage is unsafe, not just for a company but for the entire economy," says M.I.T. economist Franco Modigliani, a Nobel laureate. Modigliani adds that while the debt mountain has not yet grown perilously high, "LBOs are reducing the safety. Management loses the power to do many things...
Should we settle for that? No. As everyone now seems to recognize, we're dangerously deep in hock. The $2.5 trillion national debt amounts to 50% of our $5 trillion gross national product. There have been times in our history when that percentage was much higher and we did just fine growing our way out of the problem -- World War II sent the ratio of debt up to 127% of GNP -- so don't believe the people who tell you we're doomed. But we're nonetheless well into the discomfort zone. We've got to whittle away gradually...
...debut staging, which won the Tony Award for Best Musical, made a star of Nell Carter, and ran almost four years before becoming an Emmy-winning NBC special. Of course, the producers of this daring venture have a leg up -- or, as it often appears, a ham hock -- because all five of the original actors came back, and The Joint Is Jumpin' better than ever...
...habits as their Government. Consumer installment debt, as a proportion of after-tax income, has risen from 14% in 1983 to 20% last year. Just as consumers during the '20s splurged on such newfangled products as radios and roadsters with rumble seats, today's shoppers have gone into deep hock for compact-disc players and Honda Preludes. The difference is that consumers in 1987 can choose from many more enticing borrowing vehicles, most notably an array of credit cards with huge credit lines at high interest rates. Potentially the most dangerous new device is the home-equity loan. Homeowners...