Word: bankrupting
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Dates: during 2000-2009
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Moreover, Ingram doesn’t seem to understand that the American rail passenger system was privatized, and it went bankrupt. That’s why the Nixon administration created Amtrak. And the private freight railroads, which are doing well these days, want no part of a return to passenger service. They couldn’t make money on it when they ran it, and they would require massive public subsidies to return to the passenger business...
...Opal Mehta” may very well be inauthentic, literarily-bankrupt, profit-driven pop-culture fluff. But before we begin smugly and self-righteously to debate which circle of hell Viswanathan should be cast into for her transgression (the eighth), I ask that we pause for a moment and empathize with our embattled classmate. It should not be very difficult to do so if we honestly consider our own intellectual and cultural position. As a community, Harvard is more than complicit in the production of inauthentic chick lit, that regrettably pervasive genre of packaged pop culture easily digested by teenage...
...Mahtani tells us (“The Eyes of Doctor Fitzgerald,” comment, Apr. 25), we do live in an age of restless materialism and social anomie. Perhaps, though the comparison is a touch facile, our coming of age in the irrationally exuberant 1990s is just as bankrupt as that of Tom and Daisy Buchanan of Fitzgerald’s Jazz Age. And it is quite likely, though I’ve never been to it, that the Fly’s annual Gatsby party is neither nostalgic nor ironic. Yet to read “Gatsby...
...take advantage of Enron's bargain stock price in fall 2001, Lay himself was selling stock. The shares Lay bought in the fall were publicly reported. But since he sold stock back to the company, the sales did not have to be reported until year-end - after Enron was bankrupt. Because of that, in October 2001, investors thought Lay owned more than double the amount of stock he actually had. Lay testified that he sold the shares back to the company - rather than through his broker on the open market, in which case they would have been immediately reported - because...
...keep interest rates low. Some economists worry that if and when China and its Asian neighbors stop buying our debt, the economic results will be catastrophic. Both sides have an incentive to cooperate economically because each side has so many bargaining chips that playing bets and threats could bankrupt everyone. Hu’s visit, though largely ceremonial, is an opportunity to reconsider our policies towards China. Experimenting with protectionism is like playing with economic matches—a foolish policy to pursue when global stability is at stake...