Word: bankrupted
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Dates: during 1980-1989
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...fair Harvard, to melt itself away in water-drops! Good Crimson, great Crimson, and yet not greatly good, and if its ability be sterling yet in Division I-AA, let it command an upset hither straight, that it may show Harvard what pride it has since it is bankrupt of the Ivy lead...
Baldwin goes bankrupt...
...were dropping from 2 to 10 points between sales-losing from 2 to 10 points before a buyer could be found for them. Sound stocks at shrunk prices-and nobody to buy them. It looked as if U. S. Industries' little partners were in a fair way to bankrupt the firm...
Harvard has also applied the concept of searching for wealth among the ruins to bankrupt companies. Paying cut-rate prices, the Management Company's Phoenix Fund acquires bonds issued by now-bankrupt firms "where capable people can see value," Cabot explains. After buying a foundering company's issues at, say, 30 cents on the dollar, its eventual recovery can prove to be quite lucrative...
...hospital administrators face a catch-22 situation. To meet their expenses, they are forced to take in more and more patients, which only increases expensive and lamentable overcrowding. Institutions that buy costly equipment often find it impossible to balance their books. Forty-three hospitals went bankrupt in 1982, double the number two years before. Says Dr. Kinori Kosaka, director of Toranomon Hospital: "Better medical treatment requires updated medical facilities, excellent doctors, nurses and technicians. But we can't charge extra. That is why it is so difficult to run a good hospital today...