Word: junked
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...sums. There may be some truth in both charges but that true comes with another side to it. Many people who eat at McDonald's and shop at Wal-Mart are from the lower economic classes. McDonald's and Wal-Mart do not exploit that by selling these people junk. George Soros may not want to wear shoes from Wal-Mart and eat McDonald's hamburgers but that does not mean that both establishments have not helped feed and clothe people who might otherwise struggle...
...people think that consumers who buy brand are suckers, the kind people WC Field used to mock in old movies. Samsung builds a smartphone that looks and works a lot like the iPhone. It is called the Instinct and Apple owners think it is junk...
...junk.' RUSSELL JESSOP, one of 439 kids seized from a polygamists' compound in Utah last April, describing TV and other modern trappings that he encountered during his time in custody...
...economic research firm. Over 90 million people watched the face-off between the Pittsburgh Steelers and Seattle Seahawks on television. Did the game lift Detroit long-term? Well, Detroit's unemployment rate is 13%, worst in the country among major metropolitan areas. The city's bonds have junk ratings. Because its school system has run up a $305 million deficit, the city may have to close up to 50 schools. Thanks for the help...
First, some background: private equity refers to what in the 1980s was called the leveraged buyout (LBO). LBO artists such as Henry Kravis and Carl Icahn borrowed lots of money on the junk-bond market built by financier Michael Milken and used it to finance takeovers - sometimes hostile ones - of struggling corporations. During the recession of the early 1990s, the LBO business faltered, and many predicted its demise. But buyout funds re-emerged under the more genteel moniker private equity, eschewed hostile takeovers, reliably outperformed the S&P 500 and grew to be a far bigger force than they ever...