Word: bankrupts
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...Continent. With round-trip charter fares to London sometimes under $200, it can be cheaper for Americans to vacation abroad than at home. It can be chancier as well. This month Cincinnati's World Academy charter service stranded 3,500 students in Europe when it suddenly went bankrupt...
...worst administrator that Ecuador has ever had. Three of his four previous presidencies fell into such political and economic chaos that they were abruptly terminated by military coups. Recently, Velasco's fifth try at governing Ecuador seemed to be following true to form: the treasury was near bankrupt, the country's mercantile elite was up in arms over tough new tax policies, and Ecuador's 30,000 mostly leftist students were running wild in the streets...
...years engineers have toiled at the $3 billion California Water Plan (see map) and ignored critics who consider the project environmentally bankrupt. Last month the builders got a major boost when California voters approved an interest increase on $600 million worth of state bonds needed to continue the project. Now the backlash has begun...
...affirmed its allegiance to corporate oligarchy this week with a firm rejection of the eminently reasonable, eminently liberal Nader movement to Make GM Responsible. Combined with Harvard's ongoing implication in three of the four demands, the position that Harvard is not an appropriate target of the strike is bankrupt. The nation that Harvard can actually be an ally-after all, Pusey went down to Washington to confer with The Man just last week-is positively ludicrous...
Panicky Rumors. Before the President's jawboning and the technical rally last week, the gloom over the long bear market had turned to despair in Wall Street. Panicky rumors flew-that several mutual funds were insolvent and dumping stocks, that several computer-leasing firms were about to go bankrupt. Goodbody & Co., a major brokerage house, had to deny that it was going out of business. Francis I. du Pont & Co. laid off 15% of its research staff; most of Shearson, Hammill's executives took pay cuts of as much...