Word: bankrupting
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Charley Chaprales, co-manager of One Potato, Two Potato, the restaurant and lounge which will open February in the 1274 Mass. Ave. space vacated by La Crepe, said yesterday that the previous restaurant went bankrupt as a result of poor management...
...fast U.S. upturn would mightily help to lift other economies out of recession by increasing American demand for imports. Giscard, Schmidt and other leaders are particularly interested in persuading Ford to avoid any actions that might slow down the U.S. economy, such as letting New York City go bankrupt, cutting Government spending or allowing interest rates to rise. Their entreaties will get a sympathetic hearing from Ford, but nothing else. Administration policymakers assert that they cannot make critical economic and political decisions solely to help other nations; they must above all be careful not to speed up inflation...
...should bail those liars out." Governor Hugh Carey told congressional leaders that the plan had virtually no hope of succeeding because of legal snarls; indeed, Big Mac Chairman Felix Rohatyn called it a "20-to-l shot." Even so, the dustup further damaged New York's already bankrupt credibility...
Europeans find New York City's problems hard to understand because they cannot imagine a national government on the Continent allowing one of its major cities to go bankrupt. Amid the puzzlement, however, Europeans were deeply disquieted as they read of President Ford's New York policy...
...receivership, closing the plants. Bricklin himself proclaimed last week at a press conference in Toronto that "the Bricklin car will continue to be built in New Brunswick." That sounded like whistling in the dark-especially since Bricklin had already gone into a Scottsdale, Ariz., court to declare himself personally bankrupt...