Word: bankrupting
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...when hip-hop cliche holds that most rappers are irrelevant, bankrupt or dead, Jay-Z is idolized, loaded and routinely spotted within kissing distance of Beyonce Knowles (which is its own special way of being alive). JayZ is also profoundly bored. "I've had it with the rap game," he says. "Time to focus on other things. That's why I'm retiring...
...mutual funds have not been accused of doing anything wrong. When the investigations are over, many will be proved entirely trustworthy. And as for funds run by companies that are found guilty, there are limits to how low they can go. By law, a mutual fund can never go bankrupt. It cannot become insolvent unless all the stocks and bonds it owns go to zero (and not even a cheating manager can make that happen). Even if punitive fines put the managers out of business, the fund itself would bear no liability for their wrongdoing, and the value...
...Brian was fascinated with feints and deceptions, with warships that disguise themselves or fly false colors. Was that because he flew false colors himself? He wasn't Irish; his name wasn't even O'Brian. He was born Richard Russ, the last of nine children of a bankrupt English physician who dispersed the family after his wife died. As a young man, Russ/O'Brian abandoned a wife, son and dying infant daughter to pursue a writer's life. When fame arrived and the world tracked him to the south of France, where he had lived since 1950 with his second...
...only consolation for Manhattan Minerals is that it has a lot of company these days in Peru--where U.S., Canadian and other foreign firms are suddenly mining a mother lode of resentment. In the 1990s, when then bankrupt Peru opened its statist economy to foreign investment, the nation drew almost $10 billion in mining capital. That sector now accounts for half of Peru's $8 billion in exports, and Peru has become the world's seventh largest gold producer almost overnight...
...case of porn. But where Penthouse went wrong, and why they wound up going bankrupt, they didn’t diversify. We now have a retail chain called Hustler Hollywood which is extremely successful that sells all kinds of paraphernalia—gay gifts, sex toys, sort of a novelty shop more than anything else. And we have six Hustler Clubs, gentlemen’s clubs, basically strip clubs. We just opened one in Paris last fall. Our Internet websites are probably the most successful and profitable in the area. It’s the diversification that gives...