Word: bankrupter
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...according to a recent Tillinghast-Towers Perrin study, its financial toll could reach $200 billion, more than the damage attributed to the Enron debacle. "The liability--both projected and actual--is far in excess of Enron," says David Austern, general counsel for the Manville Trust, which was created from bankrupt asbestos maker Johns-Manville in 1988 to administer claims against the company. "Yet there seems to be very little congressional interest in this subject...
...easy as it once seemed. Democrats have put up TV ads blasting her for a Ken Lay-hosted fund raiser just nine days after Sept. 11. (Her campaign has since donated $5,000 received from Enron's ex-CEO and his relatives to a fund for employees of the bankrupt energy giant.) Some scoffed at Dole's declaring her mother's Salisbury home as her residence, when she's a fixture at the Watergate in Washington, where she and Bob have an apartment. And though her campaign had $2.5 million on hand in January, it also had an eyebrow-raising...
...We’re not bankrupt, but we’re not well-off,” Kedem said...
...government's tack: to weaken the yen, make Japan's exports a little more affordable, buy a little time. Most people consider that a bankrupt solution for a nearly bankrupt nation. A weak yen certainly won't help the wide-eyed man with a two-day growth of beard wandering the tunnels connecting subway stations in central Tokyo. "HELP ME," reads a sign around his neck. "RESTRUCTURED." There were nearly 20,000 bankruptcies last year - the second-highest yearly total since World War II. "It's simple," says Andy Xie, Morgan Stanley's chief economist for the Asia Pacific region...
...Australia's troubled Ansett airline in 1997. Eddington's cost cutting brought Ansett into the black and reduced its debt by two-thirds, but he couldn't finish the job. He left in 2000 after Air New Zealand bought full control of the airline; Ansett has since gone bankrupt...