Word: bankrupted
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Dates: during 1980-1989
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...Communists have thoroughly penetrated right-wing organizations. Their bankrupt ideology can only grow in filth and squalor. So the more chaos the better...
Ever since Adam Smith's Wealth of Nations in 1776, capitalism has been generally extolled as the most efficient economic system or as the philosophy most compatible with political liberty. But even capitalism's most ardent supporters have had trouble answering charges that it is morally bankrupt because it appeals to people's greed for profit. Forcefully confronting these charges, Gilder maintains that the entrepreneur is not a selfish accumulator of wealth but the creative figure in society, who uses his talents and capital in risky ventures that have no guarantee of reward. The businessman...
dropped 19.1% in November. The company has sent letters to stockholders warning that it could go bankrupt if they do not approve next week a plan for French-owned Renault to acquire as much as 59% of the company. Even if the deal is accepted, AMC faces at least three years of heavy losses before a new line of Renault-designed cars can be built at AMC's U.S. plant in Kenosha...
...avert a possible mass transit shutdown this weekend, Gov. Edward J. King yesterday submitted a new proposal to bail out the bankrupt Massachusetts Bay Transportation Authority (MBTA) and reorganize its troubled management...
...Western eyes, the Soviet Union has contributed to the creditworthiness of the East bloc economies because no one believes that Moscow would allow one of its allies to go bankrupt. True, North Korea defaulted on a Western loan in 1975, but bankers attributed Moscow's failure to bail out Pyongyang to Sino-Soviet rivalry. The Kremlin has helped Poland in the past and could do so again, for example, and today it is flush with funds. Thanks to foreign sales of gold and oil, the Soviets have paid off $2.5 billion in private bank loans. Thus far, however, they...