Word: moneys
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Dates: during 1990-1999
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Last fall, the town of Rockport in eastern Massachusetts needed money...
...effect of reducing the proportion of faculty members on tenure." Arkansas legislators last year required all state campuses to review tenured teachers annually, partly to decide whether to retain them. Says Mike Gauldin, spokesman for Governor Bill Clinton: "This is how we're going to make sure our money is well spent...
...most small investors if they would put money in junk bonds, and they would probably respond with a hearty no. But anyone who has a deposit in a savings and loan, holds an annuity from an insurance company, is vested in a pension plan, makes contributions to certain mutual funds or participates in a 401(k) retirement program probably has some exposure to the risk of junk bonds. In most cases, that is no cause for alarm. But in a few instances, investors have good reason to be wary...
Despite their name, junk bonds -- more politely known as high-yield, high- risk bonds -- often serve a useful financial purpose. Companies that are too small to issue blue-chip bonds can use high-yield securities to raise money for expansion. Because their debt is considered riskier than the bonds of their larger brethren, the junk issuers must pay five percentage points or more above the prime rate...
...stampede to the West, which continues at the rate of 2,000 a day. The theory is that if Easterners were more confident about their country's economic future, they would be less prone to flee. The first step in that process is to replace East Germany's funny money with West Germany's stable, convertible currency...