Word: bankrupted
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Dates: during 1960-1969
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...biggest item was to provide a reserve for Taylor's entire investment of $1,142,902 in acquiring 85% of Holland's West-Friesland Eurotransport, Inc. West-Friesland is losing money-as Taylor predicted it would for at least five years. The other adjustments involved the bankrupt Yale Express System, which was being managed by DC, and West Coast Fast Freight, which is now under DC management...
Flying Cash Registers. To get his own flying cash registers into the air, Onassis has steered Olympic along a characteristic route. He bought the bankrupt line from the government in 1957, added new equipment and turned his first profit in 1963. Then, by threatening to pull out of the airline, he maneuvered the government into extending Olympic's monopoly status in Greece until 1986, and won a tax holiday until...
...catalogue of Truman's presidential faults seriously undercuts his basic proposition. He concludes, in retrospect, that the Hiroshima bomb was probably unnecessary-Japan was already suing for peace. He admits that the Potsdam agreements encouraged Soviet imperialism. He blames Truman for an unconscionably rapid postwar demobilization, for a bankrupt China policy, and for all the domestic sins that critics have laid at Truman's door: government by crony, incompetence and corruption in Government, and "the disease of McCarthyism, which began-and got out of hand -while he was in the White House...
...hotels are Rio's 220-room Excelsior Copacabana, Sao Paulo's 17-story Jaragua and the 420-room Nacionál in Brasilia. All of this grew from the time when, at age 40, he took the last $1,000 that he had salvaged from a bankrupt São Paulo saloon, invested it in a small hotel and with an intuitive taste for food and service, proved himself a born innkeeper-and bookkeeper as well. His worth, at latest reckoning: $30 million...
...marriage to a Baltimore heiress named Betsy Patterson, he blithely abandoned the girl-with child-and concluded an alliance with Catherine of Wurttemberg. As King of Westphalia, he employed so many mistresses and staged such lavish entertainments (among them an operetta performed stark naked) that the kingdom went bankrupt within seven years. In 1812 he deserted his troops in Russia, and in 1840 he sold his 20-year-old daughter for several million francs to a notorious Russian sadist who tortured her nightly until the Czar intervened. In 1860, after a last grand fling under Napoleon III, Fifi died...