Word: bankrupting
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Dates: during 1980-1989
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...opponents say that the school district should not accept responsibility for the actions of outside administrators. "The indemnification issue was a big, big bombshell," said Donald Menzies, the president of the Chelsea Teacher's Union. "Here you have a school district that's practically bankrupt and yet it seems willing to take on an open-ended insurance policy to cover even intentional torts and matters of civil rights...
COSTLIEST TYPO When Prudential took out a lien against eight ships owned by United States Lines, someone wrote down $92,885 instead of $92,885,000. So when the shipping firm went bankrupt and sold the liners for $67 million, it + technically owed Prudential only $92,885. The shipping company eventually agreed to give Prudential the proceeds, but deducted $11 million as the price of the errant decimal point...
...make us stronger in the long run, but that's okay because in five years we'll sell our stock publicly again and make back 10 times what we invested. This assumes that the economy and inflation continue an upward trend, because if they don't we'll go bankrupt, but what's life without a little risk...
...eliminating Navy ships, Army divisions and Air Force fighter aircraft envisioned by Caspar Weinberger in the flush years of the early 1980s -- nearly $200 billion in weapons and research programs over the next four years. Said former Defense Secretary Robert McNamara last week: "The DOD is as close to bankrupt as you can get for a Government agency...
...defense (where Bush has vowed to pursue plans for new carrier battle groups and nuclear missiles) and into middle-class entitlement programs like Social Security and farm subsidies (which Bush has promised to protect). As President, Bush will also face urgent new multibillion-dollar spending requirements to salvage the bankrupt savings and loan industry and rebuild the nation's defective nuclear-fuels plants. As a practical matter, his "kinder, gentler" promises for better funding of child care, national parks and college-tuition programs may have to wait...