Word: bankrupting
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Dates: during 2000-2009
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...Iowa, we remain far from the global recession's hot spots (knock on wood): Wall Street and Detroit, AIG and WaMu, Chrysler and Bernie Madoff. But the state has its problems, from layoffs by major employers to falling grain prices, bankrupt ethanol plants and state budget woes. And some of those recent scary national headlines - "U.S. Loses 533,000 Jobs in Biggest Drop Since 1974," "Recession Propels Skid in Housing Sales, Prices," "Retail Sales Are Weakest in 35 Years," "In Need of Cash, More Companies Cut 401(k) Match" - are translating into tangible, tell-tale signs on the street where...
...yourself that you're justified in doing so. Maybe you grew up poor; maybe you've been cheated yourself. Or maybe, as with Madoff, the phony dividends you're paying are initially benefiting charitable foundations. You're actually doing the groups a lot of good - at least until you bankrupt them...
...from halfway around the world here in Hong Kong, a phrase comes to mind that used to be commonly heard in Asia: "Too big to fail." There was a time when politicians, bankers and bureaucrats in Asian countries thought that certain large enterprises were simply too important to go bankrupt, no matter how miserable their performance. The resulting unemployment would be unacceptable, the impact on the financial sector and economic growth too great. That, in effect, is the same argument being used today by supporters of a government rescue for the cash-burning U.S. auto industry. The consequences of allowing...
...article on pensions and retirement plans: allowing individuals to invest their savings in real growth opportunities is the best path to financial security [Dec. 15]. The government cannot guarantee a 3% return over inflation. We already have a national pension system called Social Security, which is going bankrupt. All pension plans, regardless of the form, depend on real economic growth. You would better serve your readers by educating them to these realities rather than indoctrinating them with the obfuscations of self-serving Democratic politicians. There are real solutions out there. TIME should uncover and report them. Thomas Maskell, Poland, Ohio...
...think the current structure is morally bankrupt." - on the fact that tax-supported school funding varies depending on a community's wealth, Chicago Defender, March...