Junk bond market endures despite Drexel collapse says analysts
AP reports that a month after Drexel Burnham Lambert's bankruptcy, the junk bond market shows resilience. Analysts note the upheaval removes a sponsor yet may bolster trust, purge excesses, and spur activity in distressed and early junk securities as high yield finance survives in some form.
MENTIONED IN THIS ARTICLE
Drexel
New York
Wall Street
Drexel Burnham Lambert
Xel
IDS Financial Services Inc
Minneapolis
George Putnam III
Tax protester jailed for not paying income taxes
Irwin Schiff, a 62 year old tax protester, is back in Morgantown federal prison serving a second term for tax offenses. He argues that income taxes are voluntary and aims to resist payment, despite past convictions and seizures of royalties to cover back taxes.
MENTIONED IN THIS ARTICLE
Hartford
Schiff
IRS
Internal Revenue Service
Hamden
U.S
Connecticut
Graduates market condoms with humor and rap sales pitch
Tufts graduates Adam Glickman and Davin Wedel blend rap and humor to sell condoms at 20 universities including Penn and Colgate. Their Jumbo Brand condoms in matchbooks drew quick sales, backed by Safe Sex With A Smile. They also run Custom Condoms with glow in the dark options and plans for metal rubber lines and minority outreach through rap collaborations.
MENTIONED IN THIS ARTICLE
Boston
Adam Glickman
Davin Wedel
Glickman
New York City
Tufts University
Jumbo
Syracuse University
Custom Condoms
Puria Group Inc
Ducer
Luke Skyywalker
2 Live Crew
Wedel
Communities Social Ps
Congress frets over Wall Street trouble
Senate banking subcommittee chair Sen. Canaan Dodd says the Bush administration should back the Brady report on market reform. The White House commission led by Nicholas Brady linked stock and Chicago futures markets as a single system and urged tighter regulation and higher margin requirements. Reagan opposed the plan, while agriculture committees resist oversight shifts. Wall Street executives support Brady reforms to restore public confidence.
MENTIONED IN THIS ARTICLE
Washington
Congress
Bush Administration
Sen
Canaan Dodd
D-Conn
Senate Banking Subcommittee
Wall Street
White House
Nicholas Brady
Secretary of the Treasury
Chicago
Brady
Ronald Reagan
Congressional Agriculture Committees
Dodd
Wallanes
Also Mentioned on This Page
NCNB
Texas
Iee
Ernst & Young/Kiplinger
NCNS
Eset
Cedassa
Grant Street
Midand
West
Garfield
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