Word: bankrupting
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...Hampshire commune was a complete disaster. I was there for almost two years, I think, but by the end everybody was bankrupt or divorcing one another," he says...
Circuitous is a work some might use to describe Strominger's career path. After the New Hampshire commune went bankrupt, Strominger returned to Harvard to learn Chinese, then went to live on a commune in China, "to see how they...
...Martha is the latest example of how consumers have forced retailers to deliver more value in terms of quality and class to the mass end of the market. A low price isn't everything, as a dozen now defunct or bankrupt discounters (Jamesway and Caldor, to name a couple) can tell you. The value trend also shows up in the success of retailers such as Gap's Old Navy Clothing and every outlet store you can think of. No one is going to mistake K Mart for Neiman Marcus, but K Mart can no longer draw shoppers with cheap...
...wonder. "It's breathtaking," said Charles W. Freeman Jr., a former U.S. diplomat. "Nothing on that scale has ever been attempted." Others saw the change as a risky move. "Jiang is doing what Deng did not dare do," says a Chinese political analyst in Beijing. "He's putting the bankrupt state sector on the block even at the risk of social instability...
...seizing power in what was then the Belgian Congo in a 1965 coup. He ordered the nation to discard Western dress in the name of African authenticity and touted nationalization and other economic reforms. But he spent the following decades looting his resource-rich country, leaving it bankrupt and impoverished...