Word: bankrupter
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...course, he got stucco. Now that South Florida has tied Las Vegas as the nation's fastest-tanking real estate market, Puig is bankrupt, with $80 million in debts. His mansion was liquidated for $11.4 million, and his yacht went back to the bank. At Puig's bankruptcy auction, bidders competed for a necklace studded with 226 diamonds, a Sopranos pinball machine, a 1965 Ferrari, nine designer bikes and other bubble baubles. The billiard table went for $25,000. "It's amazing how fast it all came crashing down," says Puig's criminal defense attorney, Joel Hirschhorn...
...Made from the region's limestone-whose shades, from pale honey to dazzling white, give the Holy Land its distinctive palette-the house was built around courtyards and fountains in the Ottoman style; frescoes and mosaics graced its walls and ceilings. In the 1930s, the man's family went bankrupt. The house was later used as a prison by the British, when they governed Palestine under a League of Nations mandate; it then did service as a police academy and a school. But in 2000 the old house was converted into a hotel. Closed during the second intifadeh, the Jacir...
...threshold. Medicare, on the other hand, decides whether to pay for new technology based on whether a treatment is "medically necessary and appropriate." But as health care expenses rise and entitlement programs grow fiscally strapped - at least one part of Medicare is now expected to be bankrupt by 2019 - more and more academics have called for this approach to be reconsidered, and for cost to become a factor. Such a move would mean that "if the incremental cost of a new technology was more than the threshold," Zenios says, "then the recommendation would be that Medicare not cover that...
...offer places Harvard in a bidding war over the bankrupt Pacific Lumber Company. A deal for Pacific Lumber would deepen the University’s already extensive forestry holdings, which are valued in the billions of dollars...
...firm bidding for a bankrupt company like Pacific Lumber would have a greater need for a steady capital source in order to meet the acquired company’s obligations. The recent “credit crunch” has reduced the number of firms that would have access to such capital...