Word: bankrupting
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...repaid - as income. He exaggerated the manufacturer's prospects, knowing his claims were untrue, which led people to buy company securities that quickly became worthless. The firm filed for bankruptcy five days after Stockman was forced out in 2005. The government has taken over employee pension obligations. Just going bankrupt has cost the company more than $100 million so far. It is a magnificent debacle. The question is how much of it is Stockman's fault. He says none...
...Donald Felsinger, CEO of Sempra energy, based in San Diego, took charge of a volatile company tainted by the California energy scandal, which threatened to bankrupt the $15.5 billion firm. Felsinger settled lawsuits, shed holdings in coal and expanded its natural-gas business globally. Now, he tells TIME, the volatility has moved south...
...Marketed in boardrooms, convention centers, basketball arenas and political rallies, the name Giuliani (pronounced ka-ching!) has been used to sell concepts like public safety, the repair of bankrupt companies and the ability, as Kipling put it, to keep your head when all about you are losing theirs. In a word, the Giuliani brand stands for leadership: the one-word title of his book and the mantra of his staff members...
...American history, Ronald Reagan surveyed the wreckage that had been the opposition and declared victory. Standing before 1,700 true believers at the 1985 Conservative Political Action Conference (CPAC), he proclaimed, "The tide of history is moving irresistibly in our direction. Why? Because the other side is virtually bankrupt of ideas. It has nothing more to say, nothing to add to the debate. It has spent its intellectual capital." At this year's conference two weeks ago, Reagan's name was invoked more than anyone else's. But the mood at the most storied annual gathering of conservatives was anything...
...from Scandinavia to Spain, the most evident result of the decisions taken on enlargement has been a concentrated flow of Poles into Britain and Ireland. And although politicians and media in those countries warned that an influx of workers from Eastern Europe would undermine local economies, steal jobs and bankrupt the welfare system, the impact has been quite different. Polish migrants like Chudzicka have integrated seamlessly: 75%, in one survey, said the Irish have "made them feel welcome...