Word: bankrupts
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Dates: during 2000-2009
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...West might regard him as backward, but Than Shwe, 76, sees himself as a bold reformer who took a bankrupt nation and threw it open to foreign investment, who built not just roads and bridges but a grand new capital called Naypyidaw - "Abode of Kings." The reality is a little different. Foreign trade has enriched the junta; the Yadana natural-gas project alone has earned the regime $4.83 billion since 2000, according to the Washington-based nonprofit EarthRights International in a recent report. But most Burmese still live in wretched poverty. The new capital is an expensive boondoggle...
Lewis had long coveted the retail brokerage business. Merrill Lynch, with its legions of investment salespeople, was to be Lewis' crowning acquisition. It ended up being his undoing. In the quickly hatched deal, Lewis paid $19 billion for Merrill, which most people agreed was nearly bankrupt. In the fourth quarter alone, Merrill Lynch lost more than $15 billion...
First, the fragility, a.k.a. risk. A year ago, officials at the Treasury Department and the Federal Reserve didn't think letting Lehman go bankrupt would be a disaster. Those same officials have since argued that the law gave them no choice. But it's also clear that the authorities--then Treasury Secretary Hank Paulson, in particular--didn't want to intervene. The Fed and Treasury had taken a lot of flak for their earlier bailouts of Bear Stearns, Fannie Mae and Freddie Mac. It was time to let the market work...
...administration has made important progress in incorporating student opinion into this difficult process. Now it remains up to students and the community to make sure this bank can keep FAS from going bankrupt...
...Obama has barnstormed the country this year, he has been forced to talk more about the problem - a health-care inflation that could bankrupt the nation - than how much Americans would save if the broken system were fixed. From the Sunday news shows to David Letterman's overstuffed chair, Obama has warned about the rocketing increase in health-care insurance - 5.5% last year, according to one study - and promised to bend the cost curve down in the future. He has described changes to the health-care system that could bring down costs for families and long-term government deficits...