Word: bankrupts
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Dates: during 1960-1969
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Yale Seminar. Simon has often mystified the business community-and sometimes angered it-but his career has its own internal logic. He left the University of California before graduating to set up his own sheet metal business, used his profits to buy a bankrupt orange juice company in Fullerton, Calif. He sold it to an old-line private-label packer called Hunt Brothers, then quickly moved in on Hunt and took over. During the World War II food shortage, he made lasting enemies of many wholesalers and grocery chains by stopping Hunt's longtime private-label canning for them...
...Algeria, Tunisia, Morocco). But as head of the only African nation so far to have fought a long, bloody war, if not to victory in the field, at least to independence, he seems to dream of leading all Africa-although there is considerable doubt as to how his near-bankrupt country could afford such a role. Still playing the revolutionary, Ben Bella has set up a training camp for 1,000 Angolan guerrillas who hope to drive the Portuguese colonialists from their homeland, and at a foreign ministers' conference in Dakar last week, he rousingly urged the delegates...
...Bankrupt Passion. There is no denying the strength and passion of Sevan's rages against the Establishment. In the depths of the Depression of the early -'30s, he saw millions voted to bolster tottering banks and pennies cheese-pared from the dole of the unemployed poor. "Christ drove the moneychangers out of the temple," he snarled at the Tories, "but you inscribe their title deeds on the altar cloth." The trouble was that his fellow Laborites were not really Socialists. When capitalism, in Depression-time phrase, "went bankrupt," Ramsey Macdonald's Socialist government got cold feet...
...more vacancy has jumped from 18.6% last year to 26.3% in 1963. As for homes, any developer today who is rash enough to build 200 houses on a suburban tract runs the risk of bankruptcy before he sells them; in Denver, several marginal builders have already gone bankrupt. Yet the demand for homes is up this year in nearly half the U.S., and for a good reason: prices have become more reasonable. A recent survey by the national real estate group showed that homes in the $12,000-$20,000 range are priced lower this year...
...Beaverbrook knew precisely what he wanted. Both as publisher and politician, his career has been devoted to a single, quixotic goal, the creation of an Empire-wide economic union; he admits cheerfully that he bought the then bankrupt Daily Express for this "sole and only purpose." He realized that he would never convert Lloyd George to the cause of Empire free trade. So, working behind the scenes like a Machiavellian elf, Beaverbrook applied his charm, wealth and printing presses to the destruction of his old colleague...