Word: junks
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...many lenders are pulling back because of rising defaults, so the refinancing option is becoming more remote. In fact, analysts warn that this has produced a credit crunch that could push many over-leveraged companies closer to failure. The situation is worst for firms that borrowed heavily by issuing junk bonds. The investment house that controlled most of the market for those securities, Drexel Burnham Lambert, has gone out of business, making the refinancing of such debt all but impossible...
Before introducing Shaman and Sila, wolfadvocate Kent Weber urged spectators to hide allexposed food--especially junk food, which thewolves love--but assured them that the wolveswould not attack...
...junk food (in 61% of households, men choose the snacks...
...Throughout high school, I never had an open season," Kathy says. "When I got here, I found myself with free time that I never had before, and I started sitting around, eating junk food in my room...
...past eight years have been characterized chiefly by fiscal mismanagement and waste on the part of those on Beacon Hill. A deficit conservatively estimated at upwards of a billion dollars, a bond rating--already the lowest in the country--teetering on the brink of junk bond status, declining real estate values, 100,000 lost jobs and an economy spiraling headfirst into recession have been the results of their efforts...