Word: beared
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Smith, a graduate of Cornell and the Wharton School, started dabbling in distressed securities in the late 1960s while a trader at Manhattan's Bear Stearns. He made clients and himself a tidy profit on bonds issued by the bankrupt Penn Central railroad. In 1985 Smith left Bear Stearns to create the first company devoted to dealing in distressed securities. As a privately held firm, R.D. Smith does not report earnings, but the staff at its cluttered Manhattan office has expanded from eight to 35 in two years...
...process, a whole new growth industry may have been born. Smith was followed into the business by Basil Vasiliou, a former Bear Stearns colleague, who launched a competing firm last year. In the meantime, several full-line investment houses, including Goldman Sachs and Salomon Brothers, have set up special distressed-security units...
...happy days between the genders," observes Sociologist Amitai Etzioni of George Washington University. "All the rules have been thrown out, and everybody has to invent them as they go along. That's tough." Because of their traditional role as arbiters of relationships, many women see themselves as having to bear the brunt of that burden. "This nation is filled with burned-out women," says Joyce Maynard, 33, the New Hampshire author (Domestic Affairs) and mother of three who writes a weekly syndicated column...
...Schroeder burst into tears and had to be comforted by her husband James for a full minute before she could continue with her announcement. Schroeder gave a number of reasons for staying out, among them that she could not maintain personal contact with voters. Said she: "I could not bear to turn every human contact into a photo opportunity." Schroeder would have been a long shot, but she could have added color and flair to a bland field...
...have any money in the bank," explains his wife Nora, who is part Spanish, part Chiricahua Apache. Shecan butcher a bear and cook up a steak in the Franklin stove so tender it softens a person's attitude toward grizzlies. "We don't have any credit. No life insurance," she says with a smile, the earthy enduring smile that heroines in South American novels bequeath to their daughters...