Word: bankrupting
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...sever the Red Cross's historic link to the nation's blood supply by setting up the blood unit as an independent operation. Instead, Mrs. Dole announced a sweeping campaign to modernize and centralize blood operations and improve the training of blood staff, a revolutionary effort that threatened to bankrupt the blood operation--the equivalent of a $1 billion company--and alienate its outlying blood banks, accustomed to a high level of autonomy. At a time of great worry about the blood supply, the bold plan drew widespread praise; at first glance, it seemed another example of Elizabeth Dole...
...basically unpredictable," said his lawyer, Darnay Hoffman. Last week, a Bronx jury awarded $43 million to Darrell Cabey, the man paralyzed and brain-damaged in the subway incident. During the civil trial, Cabey's lawyer Ron Kuby urged the jury to take what little money Goetz might have and bankrupt him to guarantee he would never enjoy life as a rich man. Goetz, a self-employed electronics specialist, grew concerned that infamy might make his property and furry familiars more valuable after watching the Jackie Onassis auction, said Hoffman. As it stands, Cabey can collect 10 percent of Goetz...
...Whitman writes that "the restraint of competition stifles innovation and also contributes to lower levels of productivity and standards of living." Yet he later advocates the subsidizing of American companies in foreign markets "until all foreign companies go bankrupt" after which "American companies could then assume control of the market...and the United States would be free to extract economic rents indefinitely." This is a clear contradiction; the benefits of competition are presumably the same, whether in the US computer industry or the Japanese kimono market...
...GENE THAT CAUSES OTHerwise normal people to seek elective office is encoded with a warning: Don't mess with Social Security. Now, suddenly, the opposite is becoming true. So many average citizens are aware that the system could be bankrupt within 25 years that politicians who deny the problem risk losing their credibility. In fact, the greatest philosophical shift in Social Security's 60-year history is actually in the offing--a move toward privatizing at least a portion of the system so that workers could establish individual retirement accounts and invest in stocks and bonds. Still, swift action...
...dollars in gambling taxes when its casino revenues plummeted because of new competition from Iowa. In New Orleans the gargantuan hulk of a half-built casino, slated to be the world's largest, sits rusting on the edge of the French Quarter. The builder, Harrah's Jazz Co., is bankrupt, done in by an overly optimistic tax deal with the state. Louisiana Governor Mike Foster, once a gambling booster, now wants to outlaw both casinos and video poker...