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Word: bankrupts (lookup in dictionary) (lookup stats)
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...vast, decrepit railroad system. He opened a Wall Street brokerage house, made a fortune and lost it in the 1929 crash. The Polish government called him in to plan a currency reform it never carried out. The Swedish government appointed Monnet one of the liquidators of the complex, bankrupt Kreuger match empire...

Author: /time Magazine | Title: Europe: Then Will It Live . . . | 10/6/1961 | See Source »

...India, played a major role in the negotiations that ended the British raj; in London. A well-heeled, cause-addicted Etonian, Lord Pethick-Lawrence first won the public eye by adopting both his wife's name (Pethick) and her cause (female suffrage), went to jail and technically bankrupt as a result, scored his most memorable political victory in 1923 when he became M.P. for West Leicester by defeating the Liberal candidate, Winston Churchill...

Author: /time Magazine | Title: Milestones: Sep. 22, 1961 | 9/22/1961 | See Source »

Died. Robert Ellsworth Gross, 64, intuitive titan of the U.S. aircraft industry, an unmechanical, piano-playing Harvardman (class of '19) who made his first million by the age of 30, blew it manufacturing sport seaplanes, but in 1932 plunked down $40,000 for bankrupt Lockheed Aircraft, which he proceeded to build into the nation's 28th biggest industrial corporation, with 1960 gross sales of $1,332,289,000; of cancer; in Santa Monica, Calif. As chairman and moving spirit of giant Lockheed. Bostonian Gross equipped the armed forces with aircraft and weapons ranging from...

Author: /time Magazine | Title: Milestones: Sep. 15, 1961 | 9/15/1961 | See Source »

...earliest panacea peddlers to cross the Rio Grande was Dr. John Richard Brinkley, the ''goat-gland" tycoon who exploited his failing listeners' yearnings for potency to the tune of some $1,000,000 a year before he died bankrupt...

Author: /time Magazine | Title: Religion: The Schlockministers | 9/8/1961 | See Source »

Stroessner's worries begin with backwardness. Today the landlocked country, the size of Sweden, has only 118 miles of paved road. Its people are 80% illiterate, earn a per-capita annual income of only $115. The government is almost bankrupt: reserves are down to a mere...

Author: /time Magazine | Title: Paraguay: Dictator Gets the Message | 7/7/1961 | See Source »

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