tates did so through temporary or permanent levies.In some places, these measures have resulted in higher bond ratings, giving bond buyers a greater selection of goodquality issues. This has forced many municipalities to be more competitive and offer higher yields on AAA and AArated bonds. Traditonally, an investor gave up some yield in return for the security of a higher rating.But with enhancements and competition, that is no longer so. In the old days, there were very few cities with tripleA's,Mr. Lebenthal notes. Today , there are so many that what you're giving up in yield is chicken feed.For example, bonds issued by the Puerto Rico Government Development Bank normal
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Montblanc Starwalker , Iowa, and one of the Eastern states to learn more about it. They've heard that it's a model for state participation,says another Frontenac general partner, Rodney Goldstein.But Carl Thoma, general partner in the Chicago venture capital firm of Golder , Thoma ampamp Cressy, says a component is still missing in Illinois.The universities here are perhaps not as focused for growth companies as they are in some parts of the country. Northwestern is OK, I guess, and the University of Chicago is great for finance, which is fine if you want to teach finance at a major university, but not so good for small business,he says.Not so in areas such as Boston, where the combined presenc
Montblanc Fountain Pen over the world, says Rami Khouri, an influential Jordanian political scientist. Arab governments all want to jump on the bandwagon to tap US money and backpedal on further [political] advances.The trouble is, it is spoiled by untidilyscattered tufts of grass. These weedy wisps interfere with what might otherwise be an immaculate and, to borrow George Schenk's word, immemorial carpet of pure moss.There are prejudices and there are prejudices, and the worst are those we don't realize we have. Moss hatred, for example.It is not often that a book comes along and in particular a gardening book that turns over contentedly underground attitudes and stimulates an aboutface. But the stou
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