Word: bankrupting
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...idea. Clinton's proposal to raise fuel-efficiency standards sounds most promising, but the danger is that negative pressures rather than positive incentives would be used to make businesses comply. Bush, picking up on this possibility, advocates a hands-off approach and scares voters with images of companies going bankrupt due to strict regulations...
...same time, the German parliament's Transport Committee threatened to terminate its 1955 air treaty with the U.S. if the Americans did not open more airports to German airlines. The parliamentary salvo is seen as a pre-emptive strike in support of Lufthansa German Airlines' bid for the bankrupt U.S. carrier Continental Airlines...
...Russian citizens, beginning Oct. 1, vouchers that they can exchange for shares in state-owned businesses. But the next -- or even the same -- day policy veers backward. The former communists succeeded in wangling increased subsidies to keep alive outmoded enterprises that free- marketeers insist should be allowed to go bankrupt. The contradictions could worsen Russia's economic slump by reigniting hyperinflation. And more economic misery could eventually undermine democracy as well -- even though Volsky's Civic Union could theoretically be viewed as a Russian version of that democratic Western institution the loyal opposition...
...Russia is ever to have an efficient, modern economy. But Civic Union contends that the resulting mass unemployment would simply be too great, and that argument seems to be converting some reformers. Says Sergei Stankevich, a Yeltsin adviser: "The orthodox liberal idea of letting the majority of enterprises go bankrupt and then, after we have millions of unemployed, retrain, reorganize, sell is absolute nonsense." Gerashchenko announced last month that he intends to extend loans to the wheezing dinosaurs, enabling them to pay off vast debts, and to raise part of the money by printing 350 billion to 400 billion...
...news. Her friend Maria Roach released a Farrow letter, eloquent in its rage and despair: "I have spent more than a dozen years with a man who would destroy me and corrupt my daughter, leading her into a betrayal of her mother and her principles, leaving her morally bankrupt with the bond between us demolished. I can think of no crueler way to lose a child or a lover." Another adopted daughter, Lark, 18, visited the offices of the New York Post, telling of a traumatic powwow Farrow held with her older children during which Soon-Yi was told...