Word: bankrupting
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Dates: during 2000-2009
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...according to a recent Tillinghast-Towers Perrin study, its financial toll could reach $200 billion, more than the damage attributed to the Enron debacle. "The liability--both projected and actual--is far in excess of Enron," says David Austern, general counsel for the Manville Trust, which was created from bankrupt asbestos maker Johns-Manville in 1988 to administer claims against the company. "Yet there seems to be very little congressional interest in this subject...
...still seeing cases where the exposure took place in World War II," says Kazan. "How will cancer victims 40 years from now be compensated?" Adding to the problem: thousands of healthy plaintiffs, worried they may be left out, file claims to protect themselves lest a firm go bankrupt before they show any symptoms...
...easy as it once seemed. Democrats have put up TV ads blasting her for a Ken Lay-hosted fund raiser just nine days after Sept. 11. (Her campaign has since donated $5,000 received from Enron's ex-CEO and his relatives to a fund for employees of the bankrupt energy giant.) Some scoffed at Dole's declaring her mother's Salisbury home as her residence, when she's a fixture at the Watergate in Washington, where she and Bob have an apartment. And though her campaign had $2.5 million on hand in January, it also had an eyebrow-raising...
...We’re not bankrupt, but we’re not well-off,” Kedem said...
...Australia's troubled Ansett airline in 1997. Eddington's cost cutting brought Ansett into the black and reduced its debt by two-thirds, but he couldn't finish the job. He left in 2000 after Air New Zealand bought full control of the airline; Ansett has since gone bankrupt...