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Junk Bonds: How High Yield Securities Restructured Corporate America
Glenn Yago Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 019506111X |
Book Description
Junk bonds burst into the nation's headlines as the fastest growing and most controversial financial instruments of the 1980s. Branded with an unflattering nickname, these high yield securities were tarnished in the public eye by waves of negative publicity. Critics cast the financiers and entrepreneurs who pioneered their use as symbols of a decade of greed and financial excess. By the end of the 1980s, the heyday of junk bonds had seemingly come to a close with the conviction of junk bond pioneer Michael Milken and the bankruptcy of Drexel Burnham Lambert, the brokerage that dominated the high yield market. But the controversy surrounding junk bonds continues. Now, in Junk Bonds, business professor Glenn Yago turns the tables on conventional wisdom about this new financial technology. He offers the first systematic examination of the facts about high yield securities. His analysis provides hard evidence that demystifies junk bonds and explodes many of the popular myths that surround them. Junk Bonds sheds light on the role of high yield financing in what Yago calls the democratization of capital. Before the advent of junk bonds, only companies with an "investment grade" rating--five percent of the 23,000 American companies with sales over $35 million--had access to long term capital. In effect, the author argues, 95 percent of American companies were denied the means to finance growth and business development. Yago shows how junk bonds changed all that, breathing life into thousands of American companies that had been shunned by the capital markets. His research demonstrates that these "junk" companies outperformed many Fortune 500 firms in job creation, product development, sales, and business innovation. The real contribution of junk bonds, according to Yago, was to improve the productivity and competitiveness of American business by restructuring companies in the wake of the corporate conglomerations of the 1960s and 1970s. His findings show that divestitures by companies financed with high yield bonds were not necessarily destructive. Many sold-off units flourished as independent enterprises at a time when numerous "investment grade" companies stagnated or closed plants or fired workers. This restructuring of corporate America has enabled businesses to compete in a changing international environment, benefiting managers, workers, stockholders, and investors alike. Junk Bonds provides readers with a scholarly analysis that shears away the hype and hysteria that often accompany rapid change. And at a time when Wall Street is under greater scrutiny than at any time since the Depression, this provocative study provides a timely and thoughtful contribution to the debate surrounding junk bonds.
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Junk Bonds, How High Yield Securities Restructured Corporate America
Glenn Yago Manufacturer: Oxford University ProductGroup: Book Binding: Hardcover ASIN: B000KM072Y |
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The Streetsmart Guide to Overlooked Stocks : A Guide to Investing in the Best Overlooked Stocks for Superior Returns
George Fisher Manufacturer: McGraw-Hill ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0071406786 |
Book Description
Strategies to uncover tomorrow's stock price leadersbefore the market bids them out of sight
Today's stock market is filled with highpotential companies that, for one reason or another, have slipped beneath the radar screens of analysts and money managers. The Streetsmart Guide to Overlooked Stocks outlines a simple yet effective approach for uncovering these outstanding opportunities ahead of the pack. It shows readers how to find investment
gems through:
This latest addition to McGraw-Hill's popular Streetsmart series provides indepth analyses of 30 actual companies that have remained a secretbut are destined to be discovered.
Customer Reviews:
George Fisher does it again.......2002-12-03
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The Streetsmart Guide to Overlooked Stocks: A Guide to Investing in the Best Overlooked Stocks for Superior Returns
George Fisher Manufacturer: McGraw-Hill ProductGroup: Book Binding: Paperback ASIN: B000OG53GG |
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Ethics, Rationality, and Economic Behaviour
Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Hardcover ASIN: 0198289812 |
Book Description
The connection between economics and ethics is as old as economics itself, and central to both disciplines. It is an issue that has recently attracted much interest from economists and philosophers. The connection is, in part, a result of the desire of economists to make policy prescriptions, which clearly require some normative criteria. More deeply, much economic theory is founded on the assumption of utility maximization, thereby creating an immediate connection between the foundations of economics and the philosophical literature on utilitarianism and reasons for action. In fact, some influential contemporary approaches to ethics advocate decision-theoretic or game-theoretic foundations of some sort for moral principles, while several economic theorists are now prepared to take into account the ethical dimensions of rational decisions. As a result, it appears that economics and ethics are somehow inextricably linked through theories of rational decision-making. Most of us would probably find it disturbing to concede that there are contradictions between the prescriptions of rationality and the requirements of moral `rightness'. The essays included in the present volume provide a detailed analysis of the connections between ethics and economics as viewed from several different - sometimes conflicting - perspectives. This book, the outcome of a joint meeting of philosophers and economists, has three main themes: the validity of utilitarianism much used by economists, the notion of fairness and equity, and the coherence of the rationality postulate of economics. The book does not reach any final conclusions, but it greatly illuminates the exact areas of possible disagreement and indeed the open-ended nature of ethical reasoning. There is much that economists, and especially welfare economists, can learn from these papers - not least circumspection.
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Ethics, Rationality, and Economic Behaviour
Francesco (Edt)/ Hahn, Frank (Ed Farina Manufacturer: Oxford Univ Pr 01/1//1996 ProductGroup: Book Binding: Paperback ASIN: B000N5JXCI |
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Remembering Defeat: Civil War and Civic Memory in Ancient Athens
Andrew Wolpert Manufacturer: The Johns Hopkins University Press ProductGroup: Book Binding: Hardcover ASIN: 0801867908 |
Book Description
In 404 b.c. the Peloponnesian War finally came to an end, when the Athenians, starved into submission, were forced to accept Sparta's terms of surrender. Shortly afterwards a group of thirty conspirators, with Spartan backing ("the Thirty"), overthrew the democracy and established a narrow oligarchy. Although the oligarchs were in power for only thirteen months, they killed more than 5 percent of the citizenry and terrorized the rest by confiscating the property of some and banishing many others. Despite this brutality, members of the democratic resistance movement that regained control of Athens came to terms with the oligarchs and agreed to an amnesty that protected collaborators from prosecution for all but the most severe crimes.
The war and subsequent reconciliation of Athenian society has been a rich field for historians of ancient Greece. From a rhetorical and ideological standpoint, this period is unique because of the extraordinary lengths to which the Athenians went to maintain peace. In Remembering Defeat, Andrew Wolpert claims that the peace was "negotiated and constructed in civic discourse" and not imposed upon the populace. Rather than explaining why the reconciliation was successful, as a way of shedding light on changes in Athenian ideology Wolpert uses public speeches of the early fourth century to consider how the Athenians confronted the troubling memories of defeat and civil war, and how they explained to themselves an agreement that allowed the conspirators and their collaborators to go unpunished. Encompassing rhetorical analysis, trauma studies, and recent scholarship on identity, memory, and law, Wolpert's study sheds new light on a pivotal period in Athens' history.
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Chan-kuo Ts'e (Michigan Monographs in Chinese Studies)
James Crump Manufacturer: Center for Chinese Studies, The Universi ProductGroup: Book Binding: Hardcover ASIN: 0892641223 |
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Journey into China's Antiquity Volume 2 (Journey Into China's Antiquity)
Manufacturer: Morning Glory Publishers (China) ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 7505404830 |
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Sanctioned Violence in Early China (Suny Series in Chinese Philosophy and Culture)
Mark Edward Lewis Manufacturer: State University of New York Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 079140076X |
Customer Reviews:
Thoroughly interesting........2004-01-31
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Spirit and Self in Medieval China: The Shih-Shuo Hsin-Yu and Its Legacy
Nanxiu Qian Manufacturer: University of Hawaii Press ProductGroup: Book Binding: Paperback ASIN: 0824823974 |
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Threshold of Democracy: Athens in 403 B.C.: Reacting to the Past
Mark C. Carnes Manufacturer: Longman Publishing Group ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0321333039 |
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Cicero: Rhetorica ad Herennium (Loeb Classical Library No. 403)
Cicero Manufacturer: Loeb Classical Library ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0674994442 |
Book Description
Cicero (Marcus Tullius, 106-43 BCE), Roman lawyer, orator, politician and philosopher, of whom we know more than of any other Roman, lived through the stirring era which saw the rise, dictatorship, and death of Julius Caesar in a tottering republic. In his political speeches especially and in his correspondence we see the excitement, tension and intrigue of politics and the part he played in the turmoil of the time. Of about 106 speeches, delivered before the Roman people or the Senate if they were political, before jurors if judicial, 58 survive (a few of them incompletely). In the fourteenth century Petrarch and other Italian humanists discovered manuscripts containing more than 900 letters of which more than 800 were written by Cicero and nearly 100 by others to him. These afford a revelation of the man all the more striking because most were not written for publication. Six rhetorical works survive and another in fragments. Philosophical works include seven extant major compositions and a number of others; and some lost. There is also poetry, some original, some as translations from the Greek.
The Loeb Classical Library edition of Cicero is in twenty-nine volumes.
Customer Reviews:
An Analysis of Ancient Advocacy.......2002-06-18
Marcus Tullius Cicero may not have been the greatest trial lawyer of ancient Rome, but he is the best remembered. He wrote much on many subjects, and some of his private correspondence also survives. He did his best writing in the field of rhetoric. Although he was not an original thinker on the subject of rhetoric, "De Oratore" shows him to have had an encyclopedic practical knowledge of oratory in general and criminal trial advocacy in particular.
Cicero wrote "De Oratore" as a dialog among some of the preeminent orators of the era immediately preceding Cicero's time. The occasion is a holiday at a country villa, and the characters discuss all facets of oratory, ceremonial, judicial, and deliberative. They devote most of the discussion to judicial oratory, and their discussion reveals the trial of a Roman lawsuit to be somewhat analogous to the trial of a modern lawsuit. You have to piece it together from stray references to procedure scattered throughout the work, but it appears that a Roman trial consisted of opening statements, the taking of evidence, and final arguments. Modern trial advocacy manuals devote most of their attention to the taking of evidence, but Cicero dismisses the mechanics of presenting evidence as relatively unimportant compared to the mechanics of presenting argument.
"De Oratore" is divided into three books. The first speaks of the qualities of the orator; the second of judicial oratory, and the third of ceremonial and deliberative oratory. The modern trial lawyer would find the second book most interesting and most enlightening. A lot about trial advocacy has changed since Cicero's day (e.g. no more testimony taken under torture), but a lot hasn't.. Much of what Cicero says holds true even in the modern courtroom.
Trial lawyers cannot congregate without swapping "war stories," and Cicero's characters are no exception. They pepper their discussion with references to courtroom incidents which have such verisimilitude that they could have happened last week instead of 2,000 years ago. I have no doubt that Cicero, had he lived today, would have made a formidable trial lawyer.
The Loeb Classical Library edition of "De Oratore" consists of two volumes. Volume one contains Books I and II of "De Oratore," and volume two contains Book III along with two shorter philosphical works and "De Partitione Oratoria." "De Partitione" purports to be a discussion between Cicero and his son on oratory. "De Partitione" differs so much from "De Oratore," that many (myself included) doubt Cicero wrote it.
Trial Techniques for the Ancient Attorney.......2002-02-09
"Rhetorica ad Herennium" reads like a loom. It states its points in clear, concise language without elaboration. The points are well made and highly relevant to the subject of persuasive oratory.
You might well describe "Rhetorica" as an ancient handbook on the subject of arguing a criminal case to a jury. At some trial advocacy school I attended sometime during my career as a lawyer, I learned a basic outline for delivering a final argument. You can imagine my amusement when I learned that this basic outline came from a 2,000 year old book. That isn't the only part of the book applicable to the modern courtroom.
The ancient rhetorician was to be skilled in five areas: 1. Invention: Deciding what to say. 2. Arrangment: Deciding what order to say it in. 3. Style: Saying it well. 4. Memory: Remembering what to say. 5. Delivery: The nonverbals that accompany speech.
"Rhetorica" consists of four books arranged as follows:
Books I & II cover Invention, especially as it relates to Judicial or Forensic Rhetoric, giving an analysis as timely as an article from last week's law journal. Although the technology of rhetoric has changed markedly since the days of Cicero, the general principles of rhetoric haven't changed much at all.
Book III takes up Ceremonial and Deliberative Rhetoric and also deals with Arrangement, Delivery, and Memory.
Book IV, which proves the most tedious, deals with Style.
Rhetoric for Dummies.......1999-02-13
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J.K. Lasser's Winning With Your 403(b)
Pam Horowitz Manufacturer: John Wiley & Sons ProductGroup: Book Binding: Paperback Similar Items: ASIN: 0471412112 |
Book Description
BUILD A SOLID RETIREMENT FOUNDATION BY TAKING CHARGE OF YOUR 403(b)Learning how to properly choose and maintain a 403(b) plan can be confusing and downright frightening without the proper information. J.K. Lassers Winning with Your 403(b) will educate you on this unique and powerful tax-sheltered retirement plan for employees of nonprofit organizations. Retirement planning is an important aspect of everyones financial strategy. This indispensable guide to 403(b)s will give you the insight and knowledge needed to ask the right questions when choosing a 403(b) plan, receive respectable returns on your investment, and reap the rewards of your plan as you head into retirement. Whatever your goals may be, if you are investing in a 403(b) as a vehicle for retirement, you should also invest in J.K. Lassers Winning with Your 403(b).
Critical coverage will help you:
J.K.
Customer Reviews:
This book rocks!.......2002-03-20
At last!.......2002-03-13
403b investing.......2002-03-12
THANKS!!!!
very easy to understand guide.......2002-03-11
You can do better.......2002-02-13
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Classic Enemies (Super Hero Role Playing, Stock No. 403)
Iron Crown Enterprises Manufacturer: Iron Crown Enterprises ProductGroup: Book Binding: Paperback ASIN: 1558060448 |
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Michelin Wales/West Country/Midlands, Great Britain Map No. 403 (Michelin Maps & Atlases)
Michelin Travel Publications , and Pneu Michelin Manufacturer: Michelin Travel Publications ProductGroup: Book Binding: Map Similar Items: ASIN: 2067004034 |
Book Description
An annually updated road map of Wales, the West Country and the Midlands of Great Britain, covering the main and secondary road networks across the region. Scale: 1/400,000 - 1cm=4km - 1in : 6.30miles Legend/Key in four languages (English, French, German, Dutch)Customer Reviews:
Excellent For Trip Planning.......2003-09-07
This map gets you everywhere!.......2003-06-20
Michelin knows their stuff.......2003-04-26
Top Map.......2000-11-28
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