Word: bankrupter
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
DIED. Arthur M. Wirtz, 82, hard-nosed real estate and sports magnate; of cancer; in Chicago. A policeman's son who made a Depression fortune by buying up bankrupt properties, Wirtz joined Grain Speculator James Norris to take control of Chicago Stadium in 1935, filling the arena with his own ice revues, his hockey Black Hawks and the basketball Bulls, of which he was part owner. The Wirtz-Norris interests gained such a stranglehold over boxing-promoting 90% of all championship bouts in the U.S. between 1949 and 1955-that a federal court ordered their International Boxing Clubs dissolved...
Despite those advantages, Costa Rica is a land of anxiety. It is, for one thing, virtually bankrupt. In the past two years, the colón has been devalued by almost 600%, and the country shows few signs of being able to repay an estimated $4.2 billion in foreign debt. While still relatively tranquil, Costa Rica has begun to experience tremors of violence that in some cases can be traced to the leftist Sandinista government of Nicaragua, whose rise Costa Ricans enthusiastically abetted. Providing sanctuary and financial support for the Sandinistas during their 1979 revolution was a top priority...
Boyd began his career in the early 1900s, selling typewriters. He later opened an office-supply business in Muskegon, Mich., and was that city's first Ford dealer. In 1928 he invested in the Mount Forest Fur Farms of America, which raised muskrats. The company went bankrupt in 1931. He helped reorganize the failed firm as Vermilion Bay, and the company struck it rich when oil and gas were later discovered on the Louisiana muskrat farm. Vermilion now collects royalties on 60,000 acres of land in Louisiana. Last year the company had profits of $1.6 million on sales...
When the Federal Government combined the bankrupt Penn Central railroad with five other failed lines to form the Consolidated Rail Corp. or Conrail in 1976, some experts predicted that the new enterprise would be a financial sinkhole. Sure enough, over the next six years Conrail cost the Government about $7 billion. But against heavy odds, Conrail has become profitable. It earned $39.2 million in 1981 and $174.2 million in 1982 on revenues of $3.6 billion. Last week the U.S. Railway Association, a Government agency that oversees Conrail's operations, reported to Congress that the rescue operation has been...
...Team television series is the only sure hit of the early 1983 ratings season, and when Mr. T goes to Washington, as he has done for the filming of D.C. Cab, the wholesomeness gets nearly out of control. Mr. T, 31, plays one of the drivers of a bankrupt cab company in the capital, who go about solving kidnapings and helping out old ladies. But in between takes, even Mr. T needs a little sprucing up to get that exterior to look sufficiently menacing. His haircut was inspired by his research ten years ago into the Mandinka tribe of West...