Word: junking
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...like beached whales as record gas prices crimp sales and consumers shift to smaller models and hybrids made by rivals. (Until recently, GM dismissed passenger-car hybrids as a lousy business, though light-truck hybrids are in the works for 2007.) GM's credit rating teeters a notch above junk, and rumors of a bankruptcy filing, which GM officials persistently deny, sent its stock sliding to a 12-year-low closing price last week...
...landed Washington power brokers in trouble as much as smaller lapses in judgment: House Speaker Jim Wright over how his book was being sold, Ways and Means chairman Dan Rostenkowski over his exchange of stamps for cash at the House post office, Democratic whip Tony Coelho over a questionable junk-bond investment, and eight lawmakers who lost their seats in 1992 in part over checks they bounced at the House bank...
...lending to foreign countries, oil drillers and other risky debtors, but they are happy to provide up to 70% of the cost of a buyout because of the large fees and lucrative interest rates that such business brings. The rest of the credit comes from selling so-called junk bonds--IOUs with relatively poor quality ratings--and other securities that offer high yields. Like the banks, investors count on getting their money back from earnings of the acquired firm or from the sale of its assets. "Lenders look for a business that is very stable," says a California moneyman...
...former San Francisco supervisor who in 1978 shot to death the city's mayor, George Moscone, and its first openly homosexual supervisor, Harvey Milk; by his own hand (carbon-monoxide poisoning); in San Francisco. At his 1979 trial, White pleaded "diminished capacity," contending that a diet of sugary junk food had aggravated his severe psychological problems, an argument that became known as the "Twinkie defense." When White was convicted only of voluntary manslaughter, 5,000 rioters, most of them gays, stormed city hall. Following his release after five years in prison, White, unemployed and dogged by fears of retaliation, lived...
...have no problem with teaching healthy living to preschoolers—though I suspect that the obesity epidemic would be combated better by parents not letting their preschoolers eat a bunch of junk food, as opposed to punishing a puppet...