Word: bankrupts
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Dates: during 1960-1969
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...fumes had never smelled so good, nor had the rumble of the subways sounded so musical. The great New York City transit strike was over. Now came the financial reckoning. For the bankrupt New York City Transit Authority, the $52 million settlement-$16 million more than the 1963 package-was bad enough, but it was almost microscopic compared with the transit union's original demands of $680 million. The strikers received a 15% wage increase spread over two years and substantially improved fringe benefits, failed to get a requested 32-hour week and six weeks' vacation after...
...Lord Coal managed to turn a modest $3.9 million profit, but rising competition, casual labor practices and overoptimistic expansion soon reddened the ink again. "If we were a private corporation," admits Robens, "the stockholders would have been bankrupt a long time ago." The government's protective measures (a virtual ban on coal imports, a twopence-per-gallon tax on oil) have been to no avail. And, despite promises that they will get new jobs, the 120,000 miners who will be thrown out of work by the pit closures are no longer sure that Alf Robens is their best...
...series of stateroomlike compartments) and sailed for Europe. There he leased his cars to rail lines in half a dozen countries. Eleven years later he returned to the U.S., several times a millionaire, to compete with George Pullman for the American market. Pull man won, and Mann went bankrupt. But not for long. By 1891 he had acquired full control of Town Topics from his young brother Eugene...
Died. Myron Melvin Cowen, 67, U.S. Ambassador to Australia (1948-49), the Philippines (1949-51) and Belgium (1952-53), whose greatest contribution came while adviser to Philippine President Elpidio Quirino, when he was instrumental in planning the suppression of the Communist-led Huk rebellion and starting the near-bankrupt islands on the road to solvency, offering up to $250 million in U.S. aid, conditional upon basic reforms; of a hemorrhage following brain surgery; in Washington...
Danton's Death, by Georg Buechner. Physically, the Vivian Beaumont Theater, the Lincoln Center Repertory's new home, is resplendent (see SHOW BUSINESS). Financially, this theater company is the richest in the U.S. Dramatically, it is bankrupt. Under its new directors, Herbert Blau and Jules Irving, Lincoln Center begins its third season by patting together another of a seemingly endless series of dramatic mudpies...