Word: bankrupter
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...been convicted of rape or snacked on Evander Holyfield's ear. Behind the elaborate facial tattoos and that odd soft lisp, parodied on The Simpsons and Don Imus's old radio show, is a compelling mind-voice, at once naive and reflective. The man may be washed up, bankrupt, a figure of fear or fun to those who remember him. But in close-up here, detailing his "madness of the mind, chaos of the brain," Mike Tyson is a star. (See Top 10 Mike Tyson Moments...
...power the ratings agencies wield in the world, though, is a Herculean task. Just seven years ago, in the wake of the Enron collapse, the Senate held hearings about the role of the ratings agencies - which considered the company's debt investment-grade until just days before it went bankrupt. The Senate investigation found that the ratings agencies hadn't asked particularly probing questions of Enron and had glossed over warning signs like accounting irregularities. In other words, the ratings agencies didn't objectively and accurately rate...
...large retailers in enough trouble to go bankrupt next week? No. But, if unemployment keeps rising and consumer confidence keeps falling, the same thing may not be true next quarter. Several large retailers cannot stay in business for another year if their sales are dropping 25% or more...
...Last week, New York City said that it would have to cut thousands of municipal workers to keep the city from going bust. "We cannot continue," NYC mayor Michael Bloomberg told reporters. "Our pension costs and health care costs for our employees are going to bankrupt this city," he said...
When the nearly bankrupt city of Berlin was looking for a way to finance its public-transportation system a decade ago, some American investors had an idea that seemed too good to be true. Unfortunately for Berlin...