Word: bankrupting
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America's "War On Drugs" has cost untold billions, made a mockery of the Bill of Rights and been a total failure. Congratulations to those European governments that have dropped this bankrupt policy [WORLD, Aug. 20]. The only ones who ever benefited were the police, the prison industry and drug dealers. RICHARD WEIL St. Paul, Minn...
...years after its real estate bubble burst, the world's second-largest economy is a mess. Prices are falling, which means consumers won't buy, thinking goods will be cheaper next week. Banks are crushed by bad debts. Prime Minister Junichiro Koizumi wants to reform the economy and let bankrupt firms go to the wall. Result: in the short term, more pain and record levels of unemployment...
...Good evening, ladies and gentlemen. There?s no reason-able explanation of Alexandre Dumas. He was a rich man. We note with inter-est that he went bankrupt in the theater. He was a revolutionary. His grandfather was a marquis, his grandmother was a negress. [He was] the wildest romance of a man, who could and did openly maintain at 70 numerous "establishments," and a literary factory as well, whose quantitative output in the arts is equaled only by Reubens? studio. ... ?Tis no secret and no shame either than the Chateau Monte Cristo was haunted by many ghostwriters, and that...
...course, reviving a failed venture is dicey at any time--nearly a third of bankrupt companies undergo multiple reorganizations--let alone during the sharpest economic slowdown in a decade. And too much licensing can kill even the toniest brand's cachet, as overexposed names from Calvin Klein to Gucci can unhappily attest...
...escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...