Word: bankrupting
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Dates: during 2000-2009
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...Kraft Foods, Kellogg or Hershey Foods, which all trade at price-earnings multiples of about 20. And Nestle ranks far behind Unilever, which trades at 35. Brabeck isn't fazed. "If I had run the company based on the opinion of financial analysts, it would already have been bankrupt," he says, half jokingly. He points out that some of the company's current best growth markets, including Russia and China, required a decade of investment before they bore fruit...
Amid a global slump for full-service airlines, with U.S. and European carriers going bankrupt and slashing staff, flights and passenger amenities, Singapore Air is flying resolutely and profitably against the wind. It is bringing its fine wines--and its lobster thermidor, its flat-opening sleeper seats and its famous Singapore Girls--to an airport near you. SIA's recent expansion to 45 U.S. flights a week is great news for the cadre of U.S. business travelers who can pay extra to fly what many consider the world's best airline. But it's a blow to the likes...
...south on JFK Street, Small Plates Restaurant serves tapas bistro—but lacks the city license it needs to serve wine. The owner of Small Plates, Jerome R. Picca, said he has had trouble securing a license from Cambridge because the last restaurant in that space, Conundrum, went bankrupt in March. Before that, Cafe Iruña offered traditional Spanish dishes there. But for now, Picca still calls his restaurant, which opened Oct. 27, a wine bar. In anticipation of a liquor license, he has been issuing coupons to customers for a free glass of wine to be poured...
...more than to sacrifice quality of life for a casino moratorium. With proper implementation, expanded gambling will inject Massachusetts with much-needed energy and money. It is narrow-minded to deny these benefits to the Commonwealth while pointing to overblown social consequences. For instance, the argument that casinos will bankrupt poor people who trust their fortunes to fate neglects their free will and assumes that they cannot think and act for themselves. And to maintain a social conscience, part of the new revenue will also be used to treat gambling addictions—which, thanks to Connecticut?...
...midst of this bleak news - and as Sarkozy was in the U.S. thrilling observers with a speech to the United Nations on September 25 - French Prime Minister François Fillon described the nation's financial and economic state as "bankrupt", and indicated serious belt-tightening would be required to address the situation. Fillon soon regretted the public concern the term provoked: as Sarkozy returned from New York with assurances that "there are no austerity plans" for France, Fillon found himself obliged to explain his use of "bankrupt" as glib and non-literal. A French public groggy with weeks...