Word: junking
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Have Jacobson's junk-food jihads worked? "Michael's ideas about diet and health were seen as way out there 20 years ago," says former FDA commissioner David Kessler. "Now they are mainstream." Translation: we may be fatter than ever, but at least we are feeling guiltier about it. Jacobson, 57, spits out new initiatives faster than you can say olestra (slapped with a gastrointestinal warning, thanks to C.S.P.I.). He dreams of fast-food outlets listing calories. "I can just see it," he sighs. "Big Mac: 560 calories, $2.19." He's urging a federally funded campaign to promote five daily...
...million Hondurans, has over 35,000 - and only one police officer who handles gangs. "About all I can do," says Magdalenys Centeno, "is see who shows up at the gang funerals and take their photos." According to Centeno, almost all the leaders of local gangs Control Machete, The Junk, Poison, Crezi Kids, MS and 18 are deportees from the U.S. "They're much more violent than anything we'd seen before," she says...
...nearly $9, on Friday); its market value has collapsed almost $40 billion to a piddling $5.6 billion. Xerox has cut its quarterly dividends 75%, to 5[cents]. As it's not currently welcome in the bond market, where its credit rating has sunk to near junk-bond status, Xerox had to tap a $7 billion revolving credit line, setting off rumors that it might be on the verge of bankruptcy. (Xerox says there is no liquidity crisis...
Using Napster is like inviting 100,000 friends over for Monday Night Football--not what the network intended, but not illegal. How can sharing music in this way be an instance of copyright infringement if the songs are used for noncommercial purposes? Perhaps Napster will eliminate money-driven junk music and encourage truly creative individuals to write and perform great music, regardless of their compensation. The whining record companies and recording artists should learn to embrace the technology or get out of the way. ROGER KRAEMER Brea, Calif...
...public companies then. It took the IPO movement of the '90s to make going private possible. But what's happening now is no replay of '80s America, Wright insists. That era was marked by hostile bids and huge, massively leveraged deals often financed with high-risk, low-investment-grade junk bonds. Today's deals are rarely hostile, and debt levels are more manageable. Today's mantra is "buy and build." Once a company has been taken private, the idea is to build it up via acquisitions. Banks are often willing to lend to newly private companies, says Steve Russell, HSBC...