Word: underwritten
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DeLay has come under scrutiny for a host of questionable acquisitions and associations. A 1997 trip to Russia, during which DeLay played golf and met with Russian Prime Minister Viktor Chernomyrdin, was recently discovered to have been indirectly underwritten by a company that also financed a $440,000 lobbying campaign in support of the Russian government. House ethics rules bar congressmen from receiving travel reimbursement from lobbyists. Similarly shady trips to South Korea and England have attracted further attention. In addition, reports sprang up earlier this month that DeLay’s wife and daughter received more than...
...it’s Zahn who runs away with the film. He plays his cookie-cutter, funny-but-loyal sidekick bit with great zeal and goofy charisma. Amazingly, he even manages to project a degree of endearing, befuddled sincerity into his underwritten role...
...takeover target likely to fetch upwards of $8 billion from Qwest or Verizon.) WorldCom bond investors had a second reason to cheer when J.P. Morgan Chase agreed last week to pay $2 billion to settle investor claims, joining Citigroup and other Wall Street firms that had underwritten a WorldCom bond issue only about a year before the telecom went bust. With some $6 billion now pledged--the largest securities class-action settlement in U.S. history--bondholders may get back up to half the value of their lost investments. Meanwhile, investment banks have new motivation to scrutinize a company's books...
...sensitize American companies and individuals to the rise of anti-Americanism in the world and to enlist the U.S. business community in specific actions aimed at addressing the issue and reducing the problem." It has already published a quarter of a million copies of a World Citizens Guide underwritten by Pepsi and UPS for U.S. students overseas. "It's not good news for American businesses that people don't like America," Miller says. While there's no massive boycott, "the question is, what is the time lag between attitudinal shifts and behavior...
...enthusiasm--to the toast "To your health!" Left out of the party was anybody who wanted the heart-healthy benefits of wine without the side effects--pleasant and unpleasant--of the alcohol it contains. Now, it seems, anyone can join the purple-mustache club. According to a small study underwritten in part by Welch Foods, unfermented Concord grape juice will also increase HDL--good cholesterol--while lowering the levels of two compounds linked to coronary artery disease. --By David Bjerklie