Word: junkings
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...things that way, is Charles Hurwitz, a Houston-based junk-bond wizard who plays the corporate-villain role well. Charlie's sin? He owns the trees, and he'll cut them if he wants to--and does he want to. In 1986 his company, MAXXAM (1995 sales: $2.57 billion), bought Pacific Lumber, the redwoods' owner. Hurwitz visited PL's Scotia, California, mill, and told workers he believed in the golden rule: "He who has the gold, rules." Then he drained $55 million from PL's $93 million pension fund, and cranked up the timber cut to pay off his debt...
Choi is right to liken the current University scene to a bazaar, with precious gems and useless junk laid out together indiscriminately. But what he and other traditionalists must recognize is that though relativism (which he somehow mistakenly confuses with "democracy"), is certainly not a good in itself, it is necessary for questioning the roots of our western culture--a process that is happening and will continue to happen, whether we like it or not. The product of this assimilation may be far superior to both the bazaar and the good, but provincial, culture that came before...
During his time as Education Secretary, Bennett had become convinced that the country needed an update of McGuffey's Reader, a collection of moral tales children could read, and have read to them, to help counter all the junk on TV. When he left the Bush Administration, Bennett set out to produce such a book. With help from a brainy young assistant named John Cribb, Bennett considered 5,000 stories, selecting 320 and organizing them under 10 virtues: self-discipline, compassion, responsibility, friendship, work, courage, perseverance, honesty, loyalty and faith...
...first decade of Saturday Night Live that there was ever such a thing as movies. First Dan Aykroyd, Gilda Radner and John Belushi proved their worth as sketch artists who could inhabit weird, endearing characters while running wild laps around them. Then they exiled themselves into big-screen junk where they looked forlorn and their talents were cramped. Ninety minutes of Doctor Detroit offered a lot less pure Aykroyd than five minutes of his Nixon on S.N.L...
Remarkably, PepsiCo ably demonstrates how much gold there is in being the eternal silver-medal winner. The company is still a veritable junk-food juggernaut that includes Frito-Lay, which dominates the salty-snack industry the way you-know-who does soft drinks. There are also the fast-food restaurants Taco Bell, Pizza Hut and KFC, a division that is on the rebound. The entire company brought in revenues of $30 billion and profits of $1.99 billion in 1995. The stock, which recently split, increased some 70% last year...