Word: bankrupting
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...interview with TIME, Vietnamese Premier Pham Van Dong [WORLD, Nov. 11] blames the U.S. for all the problems created by the Communists. Ten years after the North conquered South Viet Nam, its economy is bankrupt, and its people are deprived of human rights. South Viet Nam did need the U.S. to help in its fight against the Communists, and Viet Nam still needs the U.S. As a condition for normalizing relations, which Pham Van Dong seeks, the U.S. should insist that the Communists return human rights to the Vietnamese people. Nuong Van Trinh Martinez, Ga. Flag Waving...
...savings and loan industry also had its troubles. In March customers of 69 S and Ls in Ohio stampeded to withdraw money when the failure of a Cincinnati thrift threatened to bankrupt the state's private deposit-insurance fund. Ohio Governor Richard Celeste temporarily closed the S and Ls and required them to apply for federal insurance. Two months later, Maryland Governor Harry Hughes seized temporary control of 102 institutions after a similar panic developed...
...five years, People Express will be a worldwide transportation company, carrying people and freight, and packaging hotels and rent-a-cars, the works." Some skeptics, though, think that People could instead end up like Laker Airways, the cut-rate transatlantic carrier that expanded too fast and went bankrupt...
...rebound in Los Angeles gang murders, say cops and other gang experts, is that aggressive policing alone will never break the cycle of gang violence. Father Greg Boyle, a Jesuit priest who works in gang-infested Boyle Heights, says the antigang strategy developed in California and copied elsewhere "is bankrupt. You have the three-strikes law and jail and so on, but you can't terrify a kid into being hopeful about his future." Many cops agree. "We don't need new laws," says Sergeant Wes McBride, founder of the California Gang Investigators Association and a 28-year veteran...
...PBGC is running a $23 billion deficit following a wave of pension defaults by bankrupt steel and aviation firms. The agency is funded primarily via premiums paid by employers, and proposals are floating around Washington to shore up its finances. But with a few more big pension defaults ... can you say "taxpayer bailout...