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...fallen junk-bond king has now agreed to pay $500 million more in a deal that requires the approval of U.S. Judge Milton Pollack in Manhattan. Plaintiffs include the Federal Deposit Insurance Corporation, which alleges Milken helped undermine the savings and loan industry by persuading S&L chairmen to load up on junk bonds that collapsed when the market for the risky IOUs turned sour...
Green won the Galbraith prize for teaching ineconomics in 1980, and still handles a heavyteaching load. This semester, he is teaching agraduate course on economic theory and another on"Uncertainty and Information...
...memo, which was leaked to the press several weeks ago, Summers wrote: "I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that...
Before his proposal, businesses shouldered the tax burden. Roemer says he attempted to shift the tax load from urban centers to rural areas and have large plantation and land owners share in the responsibility...
With the slate wiped clean, suppliers who were reluctant to extend credit are shipping merchandise again, and banks that refused loans are opening their purse strings. In negotiating to reduce its $5.3 billion debt load, the big retailer is expected to close some of its 251 stores, which include Bullock's and I. Magnin. Coincidentally, Macy's filing came just one week before Allied and Federated stores were to emerge from the largest bankruptcy in the industry's history...