Word: bankrupts
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Deguglielmo points up the tax question, explaining, "If Harvard paid full taxes the average Cambridge citizen's bill would be cut in half. But, of course, that would bankrupt the University. Take a look at Harvard Square; how much of that would be there if Harvard were not? Most people realize this...
Patrons of the nation's most ill-run railroad got encouraging news last week. Major General William H. Draper Jr., onetime (1947-49) Under Secretary of the Army, was expected to be appointed sole trustee of the bankrupt Long Island Rail Road, which in the past nine months, in two accidents, has killed no passengers...
Island, a bankrupt stepchild of the rich Pennsylvania Railroad, had done little to correct its miserable safety record. Still, most of its customers had no better means of transportation, so each day they hustled into crowded coaches like...
...crashes on scheduled U.S. airlines in 1950. New York's newly elected Mayor Vincent Impellitteri hurried home from Cuba to order an investigation. Governor Thomas E. Dewey-who had vetoed a legislative bill aimed at weeding out railroad engineers with bad safety records-called on the bankrupt line's two court-appointed trustees to resign. They stolidly refused. A wave of vehement indignation swept New York. Newspapers baldly used the word "murder" in editorials (see PRESS), and millions of shocked and frightened citizens cried, "Now they'll HAVE to do something...
...share of growing pains. After World War II, the business was invaded by scores of shoestring operators who tried to make a quick cleanup, flooded the market with tasteless, badly packed products and scared off so many consumers that sales slumped 20%. In 1947, more than 200 firms went bankrupt. But last year the industry hit its stride. More than 20% of all U.S. poultry (200 million Ibs.) came to dinner by way of the freezer. All told, the industry sold 1,130 million Ibs. of frozen foods and twelve million gallons of juice concentrate. And it changed the nation...