Word: bankrupts
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...revealed. Clearly, however, neither white dominance nor Nyasaland's withdrawal from the Federation is the answer. Economically, Nyasaland could not survive alone, for it gets over half its budget from the Rhodesias and its labor surplus relies on the Rhodesian copper industry. Nor would merger with her black and bankrupt neighbor, Tanganyika, help...
...fiscal responsibility-but unlike the President, he could afford the luxury of advocating economy in principle and spending in practice. "Fiscal solvency concerns us all," said Lyndon Johnson. "It is a first concern, for no course is honest without the courage of financial prudence. But we cannot afford to bankrupt the national conscience to serve the ends of political bookkeeping." He assured the U.S. that he and his party stood ready to save it from a Government marked by "a deficit of vigor, a deficit of confidence, and a deficit of will...
AFTER every debauch, someone must pick up - the pieces and arrange to pay the damages. In Argentina, nearly bankrupt after a giddy decade under Dictator Juan Perón, the cleanup man is dour, professorial Arturo Frondizi, 50, the country's 31st President. Frondizi is the successor to Provisional President Pedro Aramburu (TIME Cover, June 3, 1957), the general who restored Argentina's democratic political system and presided over the free election a year ago that gave Frondizi a victory. In six months, Frondizi has sharply lifted Argentina's prestige and credit by a stern, undemagogic economic...
...have no living kin. I never met a girl who would marry me. I am being haunted, but I don't know what my crime has been." He poured out more of his woes: when he got a job, he was either fired or the company went bankrupt; when he tried to be a peddler, no one would buy his combs and bits of ribbon; he had failed as a vendor of hot potatoes. If people were catching cold. Kawamura sneezed before anyone else; if there was a typhoon, flood or fire, Kawamura's few possessions were...
Korns proposed the move mainly as a relief to scholarship students, who are allowed only $100 during the year for "incidentals" and thus must "either bankrupt themselves or refrain from having more than one date every three weeks," he explained in a Yardling editorial...