Word: bankrupter
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Dates: during 1980-1989
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Such impressive figures bolster the White House argument that privatization could save taxpayers billions of dollars annually at the federal level. The Administration's most important initiative in that direction has been its proposal to sell Conrail, the Government-owned railroad formed from the remains of the bankrupt Penn Central, to Norfolk Southern, a private railroad, for $1.2 billion. Said President Reagan in a talk two weeks ago: "Government ownership is no way to run a railroad. When the private sector can deliver better service for less money than the public sector, as it can with Conrail, then the Government...
...when the fad's appeal dwindled in the late 1970s, sporting good stores stopped selling skateboards and manufacturers went bankrupt, according to the owner of the Bike Infirmary, David Forsyth...
...Thursday--Plain old horse steak no longer being chic, the Faculty Club goes bankrupt. McDonald's outbids Wendy's and takes over. New on the menu is the McH.L.T.: They keep the horse side hot and the cool side cool...
...post bond to prevent Pennzoil from seizing the property it won in court. The bond would be worth the amount of the decision plus attorney's fees and interest, in this case, about $12 billion. Texaco said that it could not come up with so much money without going bankrupt. Pennzoil agreed to a grace period during which Texaco can prepare an appeal--or, perhaps, a settlement--without having to post bond...
...urban social structure and its stratification system, the opportunistic behavioral patterns of this class is presented as a defining characteristic of the group. W.E.B. DuBois, for example, noted in an 1899 sociological study of the black community in Philedelphia, that the local elites were in general politically and intellectually bankrupt. They were, he wrote, "not leaders of the idealmakers of their own group in thought, work or morals." By 1932 little had changed in his view. When addressing the graduating class of Howard University, DuBois charged that college-educated, elite Blacks were "on average untouched by real culture," and were...