Word: bankrupts
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Aquino's mean-momma posture is unlikely to produce results unless she gets some help. Unfortunately, she must still rely on a corrupt, underpaid and dispirited bureaucracy to carry out her plans and a bankrupt treasury to finance them. She has to go to a bickering Congress for approval of major initiatives. But Aquino now realizes she will have to work hard to keep the popularity that has buoyed her through the travails of the past 19 months. Said the President bitterly last week: "The honeymoon is over, isn't it? But I am not sorry. The sooner...
More and more, home is where the office is. -- The Seabrook plant may bankrupt a utility. -- Argentina talks austerity -- again...
Smith, a graduate of Cornell and the Wharton School, started dabbling in distressed securities in the late 1960s while a trader at Manhattan's Bear Stearns. He made clients and himself a tidy profit on bonds issued by the bankrupt Penn Central railroad. In 1985 Smith left Bear Stearns to create the first company devoted to dealing in distressed securities. As a privately held firm, R.D. Smith does not report earnings, but the staff at its cluttered Manhattan office has expanded from eight to 35 in two years...
...danger of falling. But Yugoslav economists estimate that in 1986 alone thousands of enterprises besides Agrokomerc issued unbacked promissory notes and other flimsy financial instruments amounting to more than $9 billion. If they were all written off -- an unlikely prospect -- the enterprises and their creditors would go bankrupt, and the entire economy would collapse...
...short supply. "Cuba is suffering an economic crisis of massive proportions," says a foreign diplomat. "Here is a country with no free press, no opposition parties, no capital flight, a controlled economy and $4.6 billion from the Soviets each year -- and they're still, in hard-currency terms, almost bankrupt...