Word: yielding
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Dates: during 1990-1999
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...rookie hurler pitched four innings of one-run ball in her comeback before being relieved in the fifth by inexhaustible sophomore Julie Fromholz. Sparrow experienced some early inning wildness, walking in two Tufts batters to yield a run, before settling down...
...events, starting with the federal investigation ((of Drexel's junk-bond department)) and hitting a climax when the firm was forced to plead guilty and pay what we thought were unnecessarily high penalties (($650 million)). Congress then changed the rules by requiring savings and loans to sell their high-yield bonds, and the market for those securities fell. Then Drexel faced yet another rule change, when the regulators suddenly raised our capital requirements. Literally overnight, they said we could no longer touch the $300 million in excess capital in our brokerage subsidiary...
...think that's rhetoric from the press and politicians. High-yield bonds are a $300 billion market and there will be cycles, but there's no question of their legitimacy...
...hard to judge midstride, as we are right now, whether the market was too dependent on Milken. It's going to take more time to know. Michael is incredibly knowledgeable, but our high-yield department was a major team effort. We put together the RJR-Nabisco deal after Milken. As for morale, he had some pretty fervent supporters in the company, but I don't think there was any irreparable discontent when he left...
...turn out that Bush did Israel a favor. However inadvertently, he helped expose the Likud-Labor coalition for what it was -- a government of national disunity and incapacity. The crisis he sparked underscored the need for a new electoral system that will yield a Prime Minister who is free of crippling alliances. To their credit, many Israelis were in the streets last week, venting their exasperation with deadlock democracy. From now on, the U.S. Government should encourage not just diplomacy between Israel and its Arab neighbors, but political reform within Israel as well. So should the American Jewish community -- including...