In the same way, the great practitioners of capitalism, from the creators of integrated title systems and corporate stock to Michael Milken, were able to reveal and extract capital where others saw only junk by devising new ways to represent the invisible potential that is locked up in the assets we accumulate.
Meanwhile there are growing numbers of pages filled only with junk text and advertising, designed solely to fool the engine.
Such directories are a dull, predictable business, and the bonds are rated junk only because of the high levels of leverage used for the acquisitions.
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This is the equivalent of paying for the delivery of junk mail only to households that read it.
One thing that is certainly a myth is that junk bonds were your only business.
Some junk is worth something only for the freedom its absence creates.
Incentives in the junk-underwriting business only make matters worse.
The main reason you have only a few ounces of printed junk mail in the box outside your door, not a ton, is that printing and shipping this kind of mail costs money.
But the tactic appears to be wearing thin with both the public and increasingly with mainstream journalists who only recently have begun challenging the junk journalism that still prevails in reporting about GM crops, foods and animals, and genetic research in general, including in humans.
It contains only 13 genetic markers, known as "junk markers, " that were specifically chosen because they are not correlated to any physical or medical traits.
There must be a lot of investors--or credit speculators--who are cavalier about corporate defaults because junk bonds are trading at yields only modestly higher than the yields on safe U.S. Treasury bonds.
Already the world's biggest babysitter, ABC is now the number two player in the U.S., second only to Knowledge Universe Education, cofounded by former junk-bond king Michael Milken and his brother, Lowell.
Already, at least for Americans under a certain age, the post delivers only bad news or nuisances, from jury summonses to junk mail.
Most other Android skins have now taken to using that as an app launcher dock, but HTC insists on giving you instant access to things like personalization options (which, in themselves, are hardly all that varied) instead of giving you the only option you truly want -- to clear that junk away from the screen.
Sale is hardly the only baseball player with a voracious appetite and an affinity for junk food.
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They are only too keen for their clients to use the fancy new junk-mail and public-relations firms that they have bought in the past decade.
Now that its bonds are rated junk, they will be off limits to investors that buy only investment-grade debt.
Politicians not only have to prove that they can stuff themselves all day long with junk food while remaining telegenic.
We like to assume that all will be well if only we could put a stop to RTOs, securitizations, derivatives, junk bonds, LBOs, hedge funds, leveraged EFTs (not really an ethical thing, but something that has been similarly demonized), sell-side analysts, and as anything else that comes our way in the future.
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She uses a grocery-shopping app to add only needed items to her list and then sticks to it to avoid tempting junk food at the store.
The only emerging market nations to see downgrades or credit outlook changes to negative were in the junk bond space, and some corporates.
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Various anti-spam programs use several techniques to spot and kill junk mail, but IBM believes the Chung-Kwei algorithm to be the only anti-spam tool that uses pattern discovery in this way.
Mr Richter's case is only the latest in a series of prosecutions that have led to fines and prison sentences for junk e-mailers in America and elsewhere.
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