Word: morgan
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...only solution may be to bring in private capital from abroad by floating stocks and bonds, and Western bankers are ready to help. Says Ray Spitzley, executive director of Morgan Stanley Asia in Hong Kong: "China has evolved into a credit-worthy country that can tap world markets." Maybe so, but the poor showing of the few stocks traded internationally has made investors skittish. Eager to make their securities more attractive, Chinese officials are talking with the World Bank about setting up a Chinese National Power and Development Fund that would sell bonds backed by the bank to private investors...
Hollygrove is filled with kids like Jason. "It's not uncommon to see a seven-year-old who has come in with four failures," says assistant director Bob Morgan. In Hollygrove's seven houses, occupying most of a block in a faded neighborhood of Los Angeles, 54 children are taking a rest from what have thus far been taxing lives. Each house has three "child-care counselors"; there are six full-time social workers, a 24-hour clinic and a visiting psychiatrist. Behavior modification is mild: the kids receive ratings on a point system that is linked to privileges...
...EDITORIAL FINANCE: Nancy Krauter (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...
Disappearing earnings have already become the bugaboo of China Tire, which was born on the New York Stock Exchange in July 1993 -- a $100 million offering orchestrated by Morgan Stanley. China, tires -- it sounded like a wondrous proposition, but Kaye says it isn't. "All Morgan Stanley did was pull a couple of outmoded bias-ply tire plants off the shelf and repackage them. It's going to take a lot of money to convert those plants to radials. Meanwhile, China Tire isn't being paid for the tires it sells already...
EDITORIAL FINANCE: Nancy Krauter (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...