Word: junks
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...destruction of Drexel at some point became inevitable. I'll accept the responsibility, and if I knew we had done things that were wrong, I would accept blame. What happened was a confluence of events, starting with the federal investigation ((of Drexel's junk-bond department)) and hitting a climax when the firm was forced to plead guilty and pay what we thought were unnecessarily high penalties (($650 million)). Congress then changed the rules by requiring savings and loans to sell their high-yield bonds, and the market for those securities fell. Then Drexel faced yet another rule change, when...
...essence of Harvard--and after eating in the dining halls you will see why this affects us so much. As a pre-frosh, however, you can't get a good sense of what to do about it. The cookies and punch at the receptions just can't satisfy the junk food cravings you will develop from going to classes...
Canny corporate raiders know there is more than one way to fell an obstinate opponent. Throughout the 1980s the knockout blow was typically delivered in a high-stakes takeover battle, with much fancy legal footwork and powerhouse debt financing. But in recent months the collapse of the junk-bond market and the passage of anti-takeover laws in more than 30 states have forced a switch in tactics. Now the savviest challengers are clambering back into the ring with an old-fashioned approach to kayoing corporate management. The new arena: the annual stockholders' meeting. The main event: the proxy fight...
After the 1988 election, in a rage at George Bush's conduct, I was particularly susceptible to liberalish junk mail. What I hungered for was a group called something like Patriotic Americans for Flag Burning and Prison Furloughs. What I settled for was the likes of the American Civil Liberties Union, Handgun Control Inc. and my local public-television station. In the past few months, they have all been hitting me up for renewal. What's more, they have generously shared my name and address with other groups willing to gamble that a tender concern for the First Amendment...
...filmmakers pepper House Party with a wide range of cultural references, from Public Enemy (the rap group) to Public Enemy (the Cagney classic). But most of their humor is homeboy, or what Reginald calls "Afro-Americana. Little bits of junk culture that tie the black community together." That's what the Hudlins hope to do now that, as Warrington puts it, "every studio in Hollywood has said they'd finance our next movie." As a kid, Warrington thought "movies were like magic that was performed in Hollywood." Now he and his brother have learned that if you believe in magic...