Word: bankrupting
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...steam in George Harrison's / Me Mine; most of the excess is in the price. Available by subscription, the book is hand-bound in fine leather, its pages gilded like some special presentation edition of the King James. It sells for ?148 ($355), a sum that could bankrupt most remaining Beatles fan clubs...
...plants have closed, probably forever, and 1,469 car dealers have boarded up their doors. Looking at a worst of all possible worlds, which would be the result if recent trends continue, Chrysler Chairman Lee A. Iacocca says: "If you take that scenario, by next April we're bankrupt. By October, Ford is bankrupt. By the following October, GM is bankrupt...
...slumped to a miserable 33? per $100. In 1975 the Comptroller of the Currency described the state of the Chase back-office operations like check-clearing services as "horrendous." And the bank suffered a series of heavy losses, including $50 million when the department-store chain W.T. Grant went bankrupt in 1976. That year the bank's bad loans reached a staggering $1.9 billion...
...Venezuela has frozen $285 million in credit. About $123 million, mostly in development aid, has been lost with the suspension of U.S. disbursements. Bolivia's balance of payments deficit for 1980 is now forecast to be $500 million; with tin exports interrupted, the junta may in effect go bankrupt before it has a chance to do more damage. In addition to eliminating all military assistance and sharply cutting back on economic aid, the U.S. last week announced that it was ending a joint program of narcotics control with the Bolivians. Reason: strong evidence that some leading members...
...with the New York State attorney general, who charges that the A.M.A. has interfered with the freedom of medical practice. Defending itself now costs the association three-quarters of a million dollars a year in legal fees. Were the A.M.A. to lose the lawsuits, the association could go bankrupt. A bleak prognosis indeed...