Word: junk
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...that we're in a recession, a lot of junk looks more valuable: those "classic" sport jackets in your closet, the aging but paid-for SUV in your driveway--and, get this, the bonds of companies with poor credit. That may sound crazy at first. Recessions are always tough on companies operating at the edge of solvency--those most likely to have high-risk, high-yield junk bonds outstanding. Yet diversified pools of these bonds typically do well at this point in an economic cycle...
...Powerpuff Girls that have become not just hits but cultural icons. "It harkens back to the old days at Warner Bros., when guys were creating Daffy Duck and Bugs Bunny, and they had free rein," says Powerpuff creator Craig McCracken. There's still plenty of toy-driven junk, particularly in the anime-action category, but cartoons have also become more diverse (with new entries like Disney Channel's African-American The Proud Family) and ambitious (Cartoon Network's epic Samurai Jack...
...loved, only messier. You had a deadline; it didn’t matter if you felt like it; it was going to be exhausting; it was going to be exhilarating; it was largely about words you cared about, terrifically; you were going to get to eat a lot of junk food; and you knew, absolutely, you were going to be up all night. It’s funny, though. I was in it for the words, I told myself; the rest of it was a mysterious process as close to chemistry and engineering as I was going...
...When Enron was relegated to junk bond status the next morning, he opted out. "If there was any hope of the merger, that put a nail in the coffin," he says. As part of the agreement, he exercised Dynegy's option to take Enron's 16,500-mile pipeline in return for its investment of $1.5 billion plus assumption of $950 million in debt on the Northern Natural Gas system. Watson told TIME that he is confident the deal was "very carefully crafted" to avoid any risk. "It is an entity immune from bankruptcy proceedings. I expect...
...excesses, and the economy was already slowing down. Sept. 11 just accelerated the trend. The attacks gave a license to the private sector to restructure ? firing people, closing down divisions, retrenching from overseas operations ? more quickly and drastically. Sept. 11 may be to the 2000s what the junk bonds and leveraged buyouts were for the 1980s. Companies will clean up their acts and become leaner and more competitive...