Word: rackets
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...Armed with the bonds, corporate raiders swiftly raised the money they needed to attack even the largest companies. At the same time, investment bankers raked in billions of dollars by advising the raiders and selling junk bonds to eager borrowers. In what corporate America saw as a glorified protection racket, Drexel and its imitators sold services to targets as well, to help them keep raiders...
...very political how people are assigned to write books, because it's so lucrative," says Charles J. Sykes, author of Profscam and a sharp critic of academia. "It's really quite a racket...
...Fort Lauderdale the racket from a boom car is illegal if it can be heard beyond 50 ft. from the vehicle. In California a similar law went into effect Jan. 1. Car-stereo merchants seem to think customers will have just as much fun without pumping the volume to law-breaking -- not to mention earsplitting -- levels. Remarks Stephen Seidl of Fort Lauderdale's Speaker Warehouse: "We advise our clients not to abuse the power...
...groups complain that companies that do not want to join may be forced to if competitive products bear the seal. To cover costs, the A.H.A. charges participants hefty fees, ranging from $15,000 to $640,000 annually, depending on a product's market share. "It looks like an extortion racket," says Richard Sullivan of the Association of Food Industries. Consumer groups are concerned because the A.H.A. has not yet made public the amount of fat, cholesterol and salt it considers acceptable. "We don't know whether the standards are too lax," says nutritionist Bonnie Liebman of the Center for - Science...
...alarm go off, in another lot off to the side. I pulled into my designated spot, and the gentleman whose home faced the spot where I parked came to the door and very abruptly made the statement 'Do we have to put up with this kind of racket every night?' The only thing I could say was 'That wasn't my car. I don't have an auto alarm...