Word: bails
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Most dramatic of all is the perilous situation in Australia. Its output doubled in a decade, and the country is flooded with unsold wine. And unlike France, which pays for unsold wine to be distilled into industrial alcohol, Australia has no government-subsidized buyer to bail wineries out. Mark McKenzie, executive director of the wine-grape growers trade group, says incomes for some growers have fallen 60% in the past two years. "It's as bad as I've seen it in 46 years," says Brian McGuigan, an industry veteran and founder of McGuigan Simeon Wines, the nation's second...
...told an investors' meeting that he's lost interest in any potential share swap with Telecom, reportedly frustrated by government meddling. Tronchetti Provera's resignation as Telecom chairman, initially blamed on the spat with Prodi, is more likely just a case of finding a good time to bail. His five years at the helm of the fifth largest European telecom company were disappointing, and the recent lopping off of the mobile unit was a complete U-turn after it had been fused with the fixed-line only two years ago, contends Michele Pollo, chairman of the economics department at Milan...
...they'll be snipped from the imperial family, leaving the boy the last royal. If the prince and his future wife have the Japanese average of 1.25 children, odds are just about even that they'll only produce princesses - and this time, there'll be no backup pregnancies to bail them...
...legal troubles grew fantastically complicated. Each time he tried to sell his jewels, someone obstructed him-either the Indian government or one of the numerous relatives who apparently wanted a share of the booty. With many of his assets frozen in India's courts, Jah could no longer bail himself out of trouble as his Australian ventures failed. To pay off his debts, he sold his Perth mansion, but his troubles kept mounting. The crowning ignominy came in 1996 when, fearful that his creditors might get a warrant issued against him, Jah hurriedly caught a plane out of Australia...
...when he refused to pay a $100 fine for requesting service, along with eight other black students, at a whites-only lunch counter in South Carolina, and opted instead to serve 30 days of hard labor in prison; in Rock Hill, South Carolina. What was dubbed the "jail, no bail" tactic relieved activists of financial burden and inspired similar protests. "I guess if we had to do it today ... we'd do it again," he said in 2001. DIED. Yasuo Takei, 76, founder and former chairman of consumer-credit company Takefuji and Japan's second-richest man; in Tokyo. Takei...