Word: bankrupt
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Dates: during 2000-2009
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Those concerns are weighing heavily on UAW members, who are very much aware that VEBAs at Caterpillar and Detroit Diesel have gone bankrupt. Three former UAW executive board members recently signed a letter criticizing the VEBA plan as "knowingly placing members at risk." The other option, though, is losing retiree health benefits entirely. "If you don't go along with a VEBA, the automakers may reach a point where the only alternative is to file Chapter 11," says Eric Merkle of IRN Automotive Intelligence. "The UAW has to take on more of the risk...
...lenders, which sell the loans they write to Wall Street or to one of those government-sponsored enterprises with a funny name--Fannie Mae, Freddie Mac, Ginnie Mae. Some of these lenders are perfectly respectable. Others, such as subprime biggies New Century Financial and American Home Mortgage, are now bankrupt...
Farmer John says that his life story, as displayed in director Taggart Siegel’s documentary, captures his farm’s “coming back to life” after going bankrupt in the 1980s. With help from Community Supported Agriculture (CSA) investors, the family farm was rechristened Angelic Organics, which now specializes in providing organic products to its roughly 6,000 community shareholders...
From a development perspective, these initial steps give the community time to begin investing in long-term progress. An old state-owned textile mill in Tabora, which went bankrupt years ago, has recently been privatized and is being brought back to life by the new owners. Remarkably, even at a distance of several hundred miles from the nearest port, the mill is successfully exporting cotton thread to Europe and China. And Mbola's farmers have a chance to become part of that emerging success story by selling cotton to the revived mill. The farmers will also diversify into other tropical...
...will be a disaster for the community, for multiculturalism and for London," said Ibrahim El-Nour, director of the London-based Save the Shisha Campaign. "By October, many [bars] will be bankrupt...