Word: bankrupt
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Dates: during 1940-1949
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...fifth of the country's private colleges and universities wound up behind deficits despite a peak in fees paid by their students. According to New York Time statistics, one per cent of the schools went bankrupt, and another 15 per cent will have to sacrifice their standards in order to continue in operation...
...nutty British owner, 49-year-old Mrs. Frances Trollope. They were selling her bricks at three times the market price, laying "gas pipes" that conducted nothing but a steady flow of hot air. So no one was surprised when one fine day "the old Trollope" gathered her bankrupt skirts around her "robust and masculine" limbs and fled back to England-one of the first, but not, alas, one of the last Britishers to invade the U.S. market without first carefully studying its price indexes and consumer needs...
...most other issues, the Yugoslavs lined up with the West. Last week, the U.S. announced that it would back the Yugoslavs for a seat on the Security Council against Czechoslovakia. The Yugoslavs, declared the Ukraine's Dmitri Manuilsky in a withering speech before the Assembly, were "bankrupt sharks...
Unable to strike at CHADE, March turned his attention again to Barcelona Traction. In February 1948, an obliging judge in the small Catalonian town of Reus declared that, since Barcelona Traction had not paid the interest on its bonds, it was bankrupt. Franco's authorities moved in, evicted Barcelona Traction's officers from their Barcelona headquarters, and ushered in Juan March...
...could have been head of Britain's Steel Board or had his pick of many glittering big business jobs. He turned them all down to go back to Oxford as provost of his old college. But the following year, in 1947, when a stricken and bankrupt Europe was feverishly fingering the hope just held out by the Marshall Plan, Ernie Bevin, now Foreign Minister, called Franks from his cloister to head the British delegation to the 16-nation Paris conference...