Word: bankrupter
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Dates: during 1980-1989
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...Broker Sven Hagströmer: "It's a scandal. You can't get your money, and you can't get your stocks." Nothing so disastrous had happened to the exchange since it shut down during a financial panic in 1932 after Match King Ivar Kreuger went bankrupt...
Triumphant, no. Beleaguered, almost certainly. Scares and the Socialists have inherited an economy in crisis ($13 billion in foreign debt, 20% inflation, bankrupt state industries, unemployment as high as 15%) and a political system on the verge of collapse. Scares' new government-if he can form one-will be Portugal's 15th since the 1974 revolution. Despite major gains in the cities, the Socialists captured just over 36% of last week's vote, giving them perhaps 101 seats in the 250-member parliament. Scares has ruled out a minority government, and he refuses to cooperate with Portugal...
Much of the opposition to ROTC stems from feelings that association with the Pentagon puts a moral stain on the University. This view, based largely on the original impetus for ROTC's expulsion--its association with the United States' morally bankrupt adventure in Vietnam--presupposes that there is something ineradicable corrupt and oppressive about the American military. It overlooks the potentially salutary influence that liberal arts students may exert on the armed forces. Broadening America's officer corps to include graduates of schools like Harvard will make the military more representative of society as a whole, and will have...
Eastern's workers felt they had been sacrificing long enough. When the airline was nearly bankrupt in 1975, Borman persuaded his unions to take a one-year wage freeze. Over the past three years, they agreed to defer 3.5% of their pay because the airline was losing money. Now that mechanics have won a big pay hike, Eastern faces a new round of tough negotiations with its 6,300 flight attendants...
...call from an old law school friend whose firm was going to take over the company's legal work and wanted to see if there was anything he should know about the company. The first lawyer chose to keep silent about the fraud and, when the company later went bankrupt, the second firm lost...