Word: bankrupt
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Dates: during 1940-1949
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...shift to Plan E was brought about by many factors chief of which is that the Cambridge tax rate jumped ten dollars in so many years, and is now at $47, one of the highest in the United States. Cambridge, according to Landis, was nearly bankrupt and many irate citizens clamored for a drastic move...
...interventionists' bargain, as he saw it, was a bad one. To line up with Britain would be "just like a well-organized, money-making business deciding to take a bankrupt firm in as partner." In that "impractical" partnership, the U.S. would squander its treasury and its sons' blood. The strain would be too much for democracy, some form of totalitarianism would have to be set up. The net: turmoil, chaos, revolution...
Cafe society's Patricia Anne ("Honeychile") Wilder went bankrupt for $8,212.24-mostly clothes and a $600 phone bill. ≤≤ Tallulah Bankhead took her lion cub to the zoo for a publicity shot, got bitten by a chimpanzee...
...hates Franklin Roosevelt. He thinks the President has betrayed labor, and that only blind men and fools cannot see that he has. Once he complained that the President was not spending enough or fast enough. Now he cries for economy, for bulwarks against inflation; he sees ahead a bankrupt country. The reason: now the money is being spent for armament instead of public works; and John L. Lewis, the man once mentioned for Coolidge's Secretary of Labor, the longtime conservative Republican, the old-fashioned believer in high tariffs and high-laced shoes, is opposed to it as wasteful...
Every so often Steel Tycoon Charles M. Schwab, late, great, bankrupt (TIME, May 26), used to promise a $2,000,000 endowment to his alma mater, St. Francis College in Loretto, Pa. Last week the college revealed that Schwab had left it holding not an endowment but the bag, to the tune of $25,000 he borrowed in 1932 and never repaid...