Word: cds
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...losses at insolvent S & Ls, the rate increases may drive up the cost of the federal rescue, which under Bush's plan could cost $200 billion during the next three decades. By week's end, though, the ailing S & Ls began to show some restraint. Rates on six-month CDs fell to 9.5% at Commonwealth and 10.1% at BancPlus...
Laser discs (basically, CDs with movies on them) may have suffered from consumer confusion in the marketplace. But for film aficionados and filmmakers, from Steven Spielberg to Martin Scorsese, they are the home- viewing medium of choice. With peerless sound and a better picture than even the best VCR can deliver, laser discs do the fullest justice to their theatrical source material. To make them even more attractive to movie buffs and general viewers, disc producers are offering extras unavailable on tape and often even in theaters, such as Bolger's full dance number, which never made it into...
...only $303 million in LPs, down 23% from the same period in 1987. Some record labels, including Warner Bros. and EMI, no longer maintain some titles in LP versions. Several classical labels, notably Deutsche Grammophon and CBS Masterworks, sell most new releases only in cassette and CD. In Japan CDs have already captured 50% of the market...
...wire drug money deposited in its branches to accounts in foreign banks, using major New York City institutions as unwitting intermediaries. Once the funds were overseas, BCCI allegedly used them to buy certificates of deposit at banks in France, Britain, Luxembourg, Uruguay, Panama and the Bahamas. Using the CDs as collateral, BCCI then issued phony loans for slightly smaller amounts to the agents' Panamanian account. Once again, the agents gave the Colombians signed blank checks drawn against the account. BCCI collected the CDs as "payment" for the loans, pocketing the difference in the amounts as a commission...
...nothing particularly yuppie about the story, aside from its audience and the vast quantities of coke that the narrator, better known as "you," consumes through the fast-turning pages. No one in the story works on Wall Street. No one has a VCR, drives a BMW or listens to CDs. In fact, the protagonist, who in the film has a name, Jamie Conway, works as a fact-checker at a magazine modeled on the stodgy old New Yorker. Even his best buddy, the flashy Tad Allagash (Kiefer Sutherland), is in advertising--not investment banking--although he certainly does come...