Word: bankrupting
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...borders, a burgeoning population of illegals and a relatively static force of only 5,600 agents, the U.S. has effectively lost control of its territorial integrity, especially in the Southwest. Duke Austin, a senior INS spokesman in Washington, puts it bluntly: "The system is -- there's no other word -- bankrupt, in money and resources...
...European steelmaking capacity 20%, or 30 million tons a year -- and in the process throw at least 60,000 people out of work. The stakes are high for an industry that lost $4.5 billion in 1992. "If we do nothing," says a Commission official, "the whole industry will be bankrupt in two years...
...France employees forced the government to back down on plans to cut 4,000 jobs. "We are on a dangerous road," warns Rudolf Dressler, the deputy party whip of Germany's opposition Social Democrats. Yet even welfare's staunchest defenders concede that fixes are needed. The system is going bankrupt. The huge sums Europeans pay to support it -- taxes average more than 40% of gross domestic product, vs. only 30% in Japan and the U.S. -- are not sufficient to prevent big budget deficits in many countries. Welfare expenses are soaring because the prolonged recession, the worst since the early 1970s...
...over the Continent, the welfare system is going bankrupt...
Among the incumbents, we endorse Edward N. Cyr, Francis H. Duehay '55 and Kenneth E. Reeves '72. Cyr has professional experience with city budgets; he was brought in as finance manager of Chelsea, Mass. after the city went bankrupt. He has been a leading advocate of fiscal restraint and is a level-headed, tough voice at council meetings. With another term as councillor, Cyr will continue to fight for a more efficient and less bureaucratic city government...