Word: junks
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...much time should America's most famous Wall Street criminal spend in the slammer? Junk-bond king Michael Milken, who is scheduled to be sentenced Oct. 1, could get up to 28 years. He has already been punished financially: last April, when Milken reached an agreement with prosecutors to plead guilty to six of the 98 counts of securities fraud and other crimes leveled against him, he was ordered to pay $200 million in fines and $400 million in restitution. Scores of Milken's friends -- and a smattering of his foes -- have deluged New York Federal District Court Judge Kimba...
Other critics said they had suffered in the collapse of the junk-bond market or had taken pay cuts in the aftermath of corporate buyouts. Claude Daughtry, a real estate agent in Berkeley, complained that he had lost money in the junk-bond debacle and called Milken's fine a travesty. Ronald Cornwall, a Pennsauken, N.J., grocery clerk, said his salary plunged from $33,000 to $24,700 when his employer, Pathmark, was acquired...
Direct-mail advertisers are worried about the sudden desire among consumers to cut down on junk mail. More than 1 million people, an elevenfold increase over last summer, have signed up for the post office's preference service, which eliminates many third-class and sales mailings. The Direct Marketing Association blames the backlash on the 1989 book 50 Simple Things You Can Do to Save the Earth. The best seller's No. 1 recommendation: get rid of unnecessary mail. "If only 100,000 people stopped their junk mail," the book claims, "we could save about 150,000 trees every year...
...ever been in where almost everyone you meet on the street considers himself a comedian -- a fact brought home to me a couple of years ago when a panhandler near my subway stop said to me, "Can you spare some change? I'd like to buy a few junk bonds.") In the matter of contentiousness, I once tried to indicate the difference between New York and the Midwest, where I grew up, by saying that in the Midwest if you approach someone who is operating a retail business and ask him if he has change for a quarter...
Wilson, a tall, lanky scholar with a disarmingly casual manner, responded with dismay. He argued forcefully that many critics did not bother to read all of Sociobiology, which did not junk free will and environmental influences but only modified them. "On the basis of objective evidence," he wrote, "the truth appears to lie somewhere in between, closer to the environmentalist than to the genetic pole...