Word: terme
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Dates: during 1980-1989
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...ongoing insider-trading probe. Boesky had agreed to pay $100 million in penalties, return profits and accept eventual banishment from professional stock trading for life for his alleged wrongdoings. He also faces a single, as yet unspecified, criminal charge, which could lead to a five-year prison term...
...decades the term junk bonds referred primarily to the downgraded securities of companies that had run into financial trouble. Standard & Poor's, the investment-research firm, classifies junk bonds as those rating lower than BBB on a scale of AAA to D. Few prudent investors wanted to touch such securities until the 1970s, when a young Drexel investment banker named Michael Milken began touting them as a good deal. He contended that their high yields, typically 3% to 5% above those of U.S. Treasury bonds, were extremely attractive, since junk bonds had historically gone into default only slightly oftener than...
...shop steward at Ford, said "For me as a leader to say I'm for disinvestment, knowing that I'm sending thousands of people into darkness is something I can't do. The rank and file don't understand about the sacrifices you have to make to get long-term benefits. They just ask `what about our jobs?'" (Wall Street Journal, Nov.7...
...last several years a much more glamorous and speculative form has emerged, known as "risk arbitrage." Stock is still bought and sold, but the trend is to concentrate on companies undergoing some sort of restructing--for example, a merger or acquisition. In essence, it is a short term, high risk gamble that change will occur and hence influence the price of stock...
There is no particular danger in writing what I will call, for want of a better term, 'serious fiction.' In writing popular, commercial fiction, there is nothing but danger. The commercial writer is easy to bribe, easy to subvert, and he knows it. I have felt this much more strongly in the last two or three years than ever before. But if this is true, it also means that the commercial writer who can tell the truth has achieved a great deal more than any 'serious' writer can hope for; he can tell the truth and still keep up with...