Word: junking
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Such was the climate that led to the now famous e-mails written in 1999 and 2000 by Henry Blodget and other Merrill Lynch analysts privately calling stocks "a piece of junk" or "crap" or "a dog," while advising clients to buy them. The e-mails, subpoenaed and made public last month by New York State attorney general Eliot Spitzer, have created an uproar among investors who feel they have been defrauded by brokerage firms whom they had trusted--and often paid--for honest advice. The Securities and Exchange Commission last week approved new rules meant to moderate the collaboration...
...Further up the risk spectrum, junk bonds can be an attractive option for picking up some income. The worst news on bankruptcies and defaults is already factored into junk-bond yields of 11% or more on many funds, which are the best way to invest here. But stay away from those laden with still troubled telecom bonds. Two quality junk-bond funds are Northeast Investors Trust and Pimco High Yield...
...will have to learn to imitate nature's highly effective cradle-to-cradle system of nutrient flow and metabolism, in which the very concept of 'waste' does not exist," they write. In other words, things shouldn't be made in the first place if they will ultimately become useless junk. Instead of ending up in a pit, they should become a cradle?fodder or springboard?for some new creation...
...walked around for a couple of days with a major lump in my throat," Moore says. Mike Farrell, M*A*S*H's B.J. Hunnicut and a producer of the reunion, says he signed on "for quality control, to make sure it's not some exploitative piece of junk...[Fox] made it clear they were going to do a tribute to the show because they think it's a big ratings winner. That's all they care about, frankly...
...There is still the possibility that Hubble will startle us all with a very clear image of the first light. And that would be a neat trick for a telescope that most people were willing to write off as 25,000 lbs. of space junk with a warped mirror in the first years following its launch. That NASA was able to recover from that failure and give us the Hubble of today may be one of the space agency's greatest legacies...