Word: bankrupted
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Dates: during 1980-1989
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...Freddie Laker, the British businessman whose Laker Airways went bankrupt two weeks ago as a victim of the cut-rate fares it once pioneered, is not alone. U.S. airlines also have big problems stemming in part from a suicidal fare war that has been raging for months...
...decides not to declare Poland bankrupt...
Allowing Warsaw and its overbearing Soviet sponsors to avoid the real and symbolic consequences of bankruptcy made it seem that the Administration was not willing to back up with substantive, tough action its tough talk about punishing those responsible for last December's military crackdown. Poland is clearly bankrupt; there is no way it can meet all of the interest payments on its outstanding $28 billion debt to Western nations and banks. With a public declaration of default, hard-liners argue, the credit of all Communist countries would be justifiably jeopardized and the failures of their economic systems exposed...
...calls "a third party," is also a rising cause of divorce. Peking's Research Association on Marital Affairs solemnly states that fickleness can come from social-climbing, gold-digging, unsatisfied sexual or romantic desire, or simply "bourgeois liberalism." Peking has plenty of gloom-and-doomers who warn of bankrupt Western ways. These ideologues blame the increased divorce rate on creeping "bourgeois ideas" of materialism and egotism. In fact, the demand for divorce seems highest among the most Westernized Chinese. Some of the leading marital experts, however, see a positive side to the increase in broken marriages...
...remarkable aspect of the WPA was its willingness to put people to work at their own trades (average wage: $50 to $60 a month) and to try anything. The WPA excavated Indian burial grounds in New Mexico, translated and indexed French and Spanish records in New Orleans, operated the bankrupt city of Key West, Fla. Unemployed writers like Conrad Aiken and John Cheever were put to work creating the American Guide series. Artists like Ben Shahn, Jackson Pollock and Alice Neel (see cover portrait) painted pictures to be displayed in schools and other public buildings. The WPA Federal Theater Project...