Word: bankrupts
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...secret peace proposals to Hanoi. The swift, scornful reaction to the plan from North Viet Nam made it doubly clear that Vietnamization must work if the U.S. is to succeed in making what the President called the "long voyage home." Radio Hanoi last week dismissed Vietnamization as a "bankrupt program." It is not that by any means, but few would deny that its reliability as a key factor in U.S. withdrawal strategy remains to be proved...
...economic problems. In London, the deposed Busia claimed that the coup had cost Ghana a $45 million loan from the U.S. and $123 million in loans and credits from the International Monetary Fund. "Without the massive overseas aid I had marshalled," said Busia, "the country is utterly bankrupt...
...McCandish King should be a pauper. He has lost his $170,000-a-year job as chairman of King Resources, a mineral exploration firm. That company has been forced into bankruptcy, and creditors are seeking to have Colorado Corp., a holding company that is 90% owned by King, declared bankrupt also. The Internal Revenue Service has slapped liens on his property for $5,300,000 in back taxes. Creditors, former investors, and tax authorities are suing him in at least six states to collect what is left of his personal fortune, which was once estimated to be $480 million...
...hotel room jammed with people pushing for space, the mayor struck a rather frenetic populist note. He was the only candidate, he declared, who was not running from a position of power in Washington. "Washington is a capital closed to the ordinary citizen," he said, "but open to the bankrupt corporate giants, foreign dictators and to those wealthy enough to buy privileged protection with campaign cash. There are too many politicians speaking from Washington, and there are too few speaking to Washington from America. Any single week as mayor of New York, confronting crime, disease and stunted lives, has taught...
...there are too many candidates competing in an uncertain situation for any of the high rollers to empty their wallets this early. In his brief, six-week run for the nomination, Fred Harris had been able to raise only $160,000 when he quit because he was bankrupt. Birch Bayh, before he dropped out of contention when his wife became ill, reportedly received $150,000 from Milton Gilbert, former chief executive of the Gilbert Flexi-Van Corp., and $50,000 or more from at least three other backers. Of the remaining candidates, active or otherwise, only...