Word: junks
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...bust business has attracted some unlikely saviors. Shortly before it declared bankruptcy last month, Drexel Burnham Lambert beefed up a unit that advised distressed companies. The move was viewed with cynicism by some on Wall Street since Drexel, through its junk-bond financing of buyouts, was a prime contributor to today's bankruptcy boom. Other improbable rescuers include First Boston, which advised Campeau to borrow more than $10 billion to buy Bloomingdale's, Jordan Marsh and seven other U.S. store chains. Some critics attack Wall Street firms for profiting from both the debt buildup of the '80s and the subsequent...
...million offer to buy the faltering Dade Savings and Loan (assets: $2.2 billion). State regulators were happy someone was willing to take over the sick thrift. Paul renamed the S&L and within a few years sent its profits zooming. His method: investing CenTrust's assets heavily in junk bonds, many of which he bought from Michael Milken at Drexel Burnham Lambert. By the late 1980s the payoff from CenTrust's $1.35 billion portfolio of junk made the S&L the region's most profitable thrift. But as the market value of junk bonds collapsed in recent months, CenTrust...
Amid all the ruckus, Rooney should be happy to return to his weekly musings on trivia like junk mail and vacuum cleaners. And how contrite is the curmudgeonly commentator? "I'm furious about the race issue," he says. "As for homosexual insensitivity, I suspect I'm guilty." His reinstatement proved at least two things. Insensitivity to homosexuals is a pardonable offense, even at the skittish networks. And TV executives should think twice before tangling with a star...
Recusal does not discourage curiosity. On the contrary, it allows curiosity to breathe and put down roots. It clears some of the junk out of the garden, pulls up a few weeds. In my garden, I say, weed out the Trumps. You may choose to cultivate the Trumps. Let a hundred flowers bloom...
...thing, the room is too small as it is. More machines would make the space too crowded. Also, junk food is not good for you. I think buying it is a silly way for a college student to spend money...