Word: bankrupting
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Worries about a familiar nightmare in near bankrupt Turkey...
...Mexico, its cigar industry employed 10,000 workers, and almost all of the country's sponges were caught by its fleet. Then came a spectacular decline. The U.S. naval station closed, the cigar industry was lured to Tampa, blight wiped out the sponge beds, the city went bankrupt, and a 1935 hurricane ruined the railway from the mainland. Except for a momentary revival during World War II, when the naval station became important again, and in 1962, when troops rushed down during the Cuban missile crisis, the island languished as little more than a haven for those latter...
That will require legislation-either Kennedy's bill or one that the ICC and the Administration are drafting-and it will be hard fought. Truckers contend rate freedom will lead to cuts that will bankrupt small lines, which will be gobbled up by big ones that will then raise rates higher than ever and cut off service to remote towns. A new truckers' lobby called ACT (for Assure Competitive Transportation) has circulated petitions calling for O'Neal's resignation, a demand that Teamsters President Frank Fitzsimmons echoed in a letter to President Carter in mid-January...
...Frederickson, a spokesman for the university administration, said the faculty wage demands, if met, would bankrupt the university, and added that a strike would "have disastrous financial implications and a devastating impact upon the students...
...Teng Hsiao-p'ing Man of the Year for realizing that Communist "peasant" ideology is bankrupt...