Word: bankrupting
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...that such a reminder was needed. A year ago Lockheed was headed for collapse, its TriStar project in shambles; the aircraft's engine supplier, Britain's Rolls-Royce, had gone bankrupt. Congress came to the rescue by authorizing a $250 million federal loan guarantee and the British government assured delivery of the engines by assuming ownership of Rolls-Royce...
Maudling's resignation came as Britain's Metropolitan Police were about to investigate the affairs of a Yorkshire architect named John Poulson, who declared himself bankrupt last year with debts of $595,000. During the bankruptcy proceedings, Poulson said he had paid more than $800,000 for "services rendered" to two Members of Parliament, four government officials and Maudling...
...raised by members of the Cambridge Tenants Organizing Committee. They claimed that the allowance for rent increase would insure profit for the landlords, place the burden of proof of the necessity for rent increases on the tenant and discriminate against established working-class Cambridge residents who would be made bankrupt by any such rate adjustment...
...member of the Rent Control Board, who did not wish to be named, said that the audience had misunderstood the basic premise of the rate adjustment. "What must be understood is that rents will not necessarily be increased, that some landlords will in fact be bankrupt by the procedures and that the tenants who will benefit most will be blue-collar residents...
...fact had many misses in his predictions. What gave him his credibility was a more limited but very special talent, the ability to diagnose illnesses of persons many miles away. Many Americans ?most, the optimistic would say ?still find the craze for prophecy foolish and even bankrupt. Others may enjoy the predictions for what many of them are?a parlor entertainment. But millions, obviously, need reassurance about the future...