Word: swaps
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Dates: during 1990-1999
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Frank Harper is one of two Harvardians who once a month swap backpacks and briefcases for funky hats, bustiers, MTV baseball caps and New York City subway tokens. Harper and J.J. Talvy '91 are both regulars on Club MTV, the video music video channel's hip hot daily dance show...
Prelude to a Kiss Beneath Craig Lucas' wry Broadway comedy about a magical identity swap is a haunting metaphoric response to AIDS. It asks the unanswerable question: What do you do when the young person you fell in love with becomes overnight a dying...
...Outright Horse Swap. More attractive to Saddam would be an arrangement in which he would depart Kuwait, again apparently unrewarded. Kuwait, by prior secret agreement, would grant him concessions. Saddam could be forgiven the $10 to $20 billion he borrowed from Kuwait to wage war against Iran. Kuwait could lease to Saddam the two islands he covets, Warba and Bubiyan, perhaps for many years or maybe in perpetuity...
...invested in direct-mail pitches, promotions and appeals than is spent on advertising in magazines or on radio or network television. The ensuing competition drives direct-mail marketers ever higher (and lower) to distinguish their message from the rest. To target potential customers more accurately, they compile and swap lists that provide increasingly detailed information about individual consumers, a practice that raises citizen concerns about privacy...
...health can raise money by offering new shares on the market. Mr. Coffee, which was leveraged to the hilt as the result of a 1987 buyout, was able to wipe out almost half its LBO debt through a new issue last May. Another technique is the debt-for-equity swap, in which corporations retire their bonds by giving lenders corporate stock. That strategy was employed by furniture maker Interco, which last week announced that it will swap 95% of the stock in the company for $400 million worth of its bonds. But selling equity has become difficult in the bearish...