Word: bankrupter
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Dates: during 1980-1989
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With that, Judge Sand declared Yonkers in contempt of court for refusing to obey his order to help private developers build 800 units of moderate-income housing. The judge began levying fines that doubled daily against the city and would leave it bankrupt later this month. Yonkers promptly lost its already poor bond rating, rendering it unable to borrow. Fines of $500 a day were imposed on the recalcitrant councilmen...
...blacks were irresponsible: in a speech he noted that Japanese would "escape into the night or commit family suicide" rather than fail to pay their debts. But in the U.S., Watanabe said, "where credit cards are much in use, a lot of blacks, and so on, think, 'We're bankrupt. We don't have to pay anything starting tomorrow...
...Stradley, 42, who founded C&S Paving, an Atlanta firm (1987 revenues: $2.5 million) after helping run a similar company. "Bankers would tell me, 'Honey, you can't make a living in that business.' " Stradley finally got a loan after her brother, who was unemployed and had once been bankrupt, cosigned...
...Patterson allows, "but now I give Spinks a chance." Torres looks at it the other way: "Who knows? It could be good. After all, doesn't he come from turmoil?" A little overwhelmed, Tyson says, "When I'm out of boxing, I'm going to tell everyone I'm bankrupt." In a sepia mood again, he adds that "Damon Runyon never wrote about fighters beating up their wife or getting into car accidents...
Many stockholders lost a great deal of money in October's financial disaster, but not everyone went bankrupt and few intend to advertise their losses by changing their lifestyles. They learned that there are better ways to protect earnings than a stock portfolio--precious metals don't disintegrate or disappear like paper profits. Real estate from Manhattan to Malibu will become the most popular goods on the market...