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...value ever against the American dollar. Nearly a million Britons had lined up for the dole. Said Lord Stokes, chairman of British Leyland: "I suggest with respect that Heath doesn't quite understand. The whole thing will collapse like a house of cards. He'll have a bankrupt nation on his hands...

Author: /time Magazine | Title: BRITAIN: Heath Looks for a Way Out | 1/28/1974 | See Source »

While Uncle Sam is doling out our tax money to a bankrupt part of the transportation industry he shows a complete lack of concern for the estimated 25,000 employees of the growing (and unsubsidized) trunk airlines who have lost their jobs owing to an arbitrary 25% cut in the lines' fuel allocations...

Author: /time Magazine | Title: Letters, Jan. 21, 1974 | 1/21/1974 | See Source »

...government. Faulkner seemed well prepared for the showdown. When he moved out of party headquarters last week, he took with him photographed copies of all documents, $16,000 in political funds raised earlier under his own name, and half the staff. "We are leaving behind a pretty bankrupt lot," said an aide. "All they will have left is the building and the furniture." Technically Faulkner retains his Unionist membership, but 17 Unionist members of the Assembly have remained loyal to him, and he could form his own party. For the moment, he seems content to remain a Unionist in name...

Author: /time Magazine | Title: NORTHERN IRELAND: Faulkner Splits | 1/21/1974 | See Source »

...kinky Irish tongue" against all sorts of holy cows and causes. He has put down Radical Jesuit Daniel Berrigan ("As a political strategist, he's a great poet"), and he has told Roman Catholic prelates that "the present leadership of the church is morally, intellectually and religiously bankrupt...

Author: /time Magazine | Title: Religion: Andrew Greeley, Inc. | 1/7/1974 | See Source »

...atmosphere is so volatile that anything can happen. The friend of a woman about to be hired by the Toyokawa Credit Bank happened to say to an acquaintance, perhaps jokingly, that the bank was about to go bankrupt. Within 13 hours, 4,800 depositors had withdrawn $5,000,000 from the bank and eight of its branches. "I still don't know what hit us," groaned Bank Chairman Bunichi Matsui...

Author: /time Magazine | Title: The World: In Tokyo, the Party Is Over | 12/31/1973 | See Source »

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