Word: bankrupter
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...escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...
...Bush has largely stayed mum on the issue, sensitive to Detroit?s mortal fear of anything that cuts into its already precarious profit margins. But aggressive CAFE standards wouldn?t bankrupt the industry, and loudly acceding to Democrats? efforts to raise them significantly could surprise Bush?s critics and put the president in a good environmental light - at least outside of Michigan...
This year, however, the symbolism of the day mattered less than cold, hard reality. Serbia is bankrupt, with an unemployment rate of 50% and inflation running at an annual rate of more than 110%. In the past few months, government ministers had started explaining to Serbs how much they needed foreign aid--and that they wouldn't get it unless they surrendered Milosevic. On June 29, a meeting of international donors was due to be held in Brussels. The Bush Administration had refused to attend unless the government in Belgrade demonstrated that it intended to hand Milosevic over...
...bridal registry to its business partners. Amazon, which once permitted users to choose to keep their data confidential, rewrote its privacy policy last year to say customer data are an "asset" it may sell or transfer in the future. If an e-commerce site you bought from goes bankrupt, it could be legally required to sell your data to the highest bidder. And sites routinely sell or exchange your personal information. Privacy advocates are pushing for federal legislation requiring websites to let users opt out of sharing, as has recently happened in financial services...
...After a year at Boston's Emerson College and another three with the Fifteenth Air Force near Foggia, Italy (since enshrined as Archie's old unit), Lear was laid off his first job with a Manhattan publicity firm. Then he went bankrupt with his own novelty ashtray business. He took his wife and infant daughter to Los Angeles, where half of his luck improved. He at least survived as a door-to-door salesman of furniture and baby pictures...