Word: bankrupting
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Fiorentina Footie Fiasco Italian football authorities gave former glamour club Fiorentina the boot from Italy's Serie B competition after the club, reportedly facing bankrupt-cy, failed to meet a deadline to arrange cover for its $22 million debt. Fiorentina has been in difficulty since...
...pooh-poohed by the security establishment and its purported cease-fire initiative suspended after the Gaza air raid, it contains some words that may soon begin to resonate with people on both sides of the divide: "Our hotels are empty, our restaurants deserted, our factories closed, our businesses bankrupt, and our children hungry... You can survive, for a time, with ten percent inflation, and growing unemployment, and an army of young men in occupation of a foreign land... but inevitably and eventually, your hotels will empty, your factories will close, your businesses will be bankrupted, your children will go hungry...
...have been prevented if the U.S. paid the dues it owed to the U.N. Population Fund, according to the U.N. $107 billion is the size of WorldCom's assets stated in its bankruptcy filing, marking the biggest corporate bust in U.S. history-the amount is almost double that of bankrupt Enron's 48 bullet-proof security cars were purchased in 2000 and 2001 by Sri Lankan president Chandrika Kumaratunga costing $25 million 90 young Kabul boys were circumcised by Turkish army doctors on July 23rd as a goodwill gesture towards local Muslim families unable to finance the religious procedure...
...rest of its pay-TV unit. INDICATORS A Family Affair Think your family reunions are stressful? John Rigas, founder of Adelphia Communications, was arrested in New York City with his two sons and two other former executives for allegedly committing hundreds of millions of dollars in fraud at the bankrupt cable company. The Doll Takes A Fall Happily, most of us forgot about Danish pop group Aqua and its 1997 hit Barbie Girl long ago. But not Barbie's makers at Mattel. They sued, saying the song sullied Barbie's image. A U.S. judge last week ruled that...
...scandals, whistleblowing is enjoying a renaissance in the U.S. Both Cynthia Cooper, the internal auditor who sounded the alarm over WorldCom's $3.8 billion in bookkeeping shenanigans, and Sherron Watkins, who first voiced concerns about Enron's accounting tricks, have won acclaim as right-thinking individuals struggling against morally bankrupt business cultures...