Word: yielding
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Dates: during 1990-1999
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...this guy's a maniac; he'll do anything. Is there any way we haven't thought of he could get the Bomb?' " says an official. The panel came up with only one scenario: Iraq might have enough bomb-grade fuel on hand to fashion a single low-yield atomic weapon in a period of several months to several years. The interagency group stuck with its earlier estimate of five to 10 years for any larger weapons program, primarily because Iraq still lacks the facilities for converting uranium ore to weapons-grade uranium 235. "I don't know of anyone...
First Investors was one of the first mutuals to buy junk in quantity from Milken. The high-flying paper helped two of the firm's 25 funds (the Fund for Income and the High Yield Fund) grow to more than $2.4 billion in assets. At its peak, First Investors commanded an army of 5,000 sales agents spread throughout 285 offices in 49 states -- most of them inexperienced, ill trained and often crammed like cattle into boiler-room offices. The agents memorized scripted pitches that they parroted to customers, usually over the phone. The firm also uses a pyramid-style...
...ride down has been almost as steep as the climb up. In 1990 alone, share prices in both funds have dropped more than 30% (see graph). Even on a long- term basis, the Fund for Income and the High Yield Fund are among the industry's worst performers. Benalder Bayse Jr., who from 1985 to 1989 ran both funds, testified with immunity at Milken's presentencing hearing that a Milken crony, Roy Johnson, helped him land what he described as a "lucrative job" at First Investors. Thereafter, according to Bayse, Johnson funneled junk bonds to him, both for the mutual...
...current need-blind admission policy. Last year, for example, over $36 million were contributed by alumni to the Harvard College Fund. Restricted scholarship fund (donors "restricted" their use to scholarships) are the largest single source of our financial aid budget. Very nearly all of those funds--that together yield more than half of college financial aid-were established by alumni. In fact nine out of every 10 scholarship dollars are provided by alumni...
...Woody Hill's interpretation of Prospero, for the example, is indifferent to the proscriptions of the text. Prospero is a man seeking justice through magic. But Hill's rendition of the Epilogue depicts Prospero as a childish and vengeful sorcerer unwilling to yield his powers...