Word: bankrupting
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Dates: during 1980-1989
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...Lucas has a bank called Star Wars," notes Spielberg, 33. "Coppola doesn't have a bank-only courage and fortitude. Chutzpah too: his Zoetrope Studios is preparing more than a dozen challenging projects, despite the fact that Coppola nearly went bankrupt just a month ago. The minimogul, who drives a mini-limo, a customized black Volkswagen Rabbit with dark tinted windows, admits that it is hard to keep one eye on the artistic horizon and the other on the bottom line. "Film makers are not necessarily good administrators. And the concept of the studio is vitally important...
Although the University's Internal Audit department has yet to issue refunds to spring customers of the defunct and bankrupt Harvard Delivery News Service, officials at the New York Times and the Boston Globe said this week that service will start up again on March 4. The Crimson will deliver the newspapers for a three-month trial period...
Seatrain Lines goes bankrupt...
...sight. Inflation, 10% when the conservatives came in, is now 15%, though that is a considerable improvement from a high of 22% last summer. The gross national product has fallen from 1.5% growth in 1978-79 to a negative 3% for 1979-80. Some 10,000 businesses went bankrupt, a record. Unemployment climbed by a phenomenal 66% in 1980 ?and 86% since Thatcher took office. In the manufacturing regions of the north, 14.8% of the male work force is jobless. Meanwhile, the government has been unable either to control the money supply or control public spending, the two keystones...
Foreign aid is about all that has kept Nicaragua's economy going. Even with an estimated $450 million in aid and loans, the Nicaraguan economy ended last year completely bankrupt. Because of inflation, higher oil prices and lower aid levels, Nicaragua this year faces a potential $240 million balance of payments deficit. Exports of coffee and cotton may offer a temporary respite, but the future for agricultural production could be bleak; no new coffee bushes have been planted since 1979, and it takes at least three years for the plants to mature...