Word: bankrupts
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...Lustron's payment to Joe McCarthy for a plunge into letters-a 10,000-word article on housing legislation written during Republican McCarthy's term as vice chairman of the 80th Congress' joint Housing Committee. It was paid out at a time when Lustron, now bankrupt and $37.5 million in debt to RFC (see BUSINESS), was just beginning its long and rich ride on the U.S. taxpayers' back...
Corduroy Man. Benny ran all the way to Texas, where his brother Irving was part owner of Nardis, a near-bankrupt dress firm which he wanted Benny to pull out of the red. To the horror of other Dallas garmentmakers, who are still only 20% unionized, Benny called on the International Ladies' Garment Workers' Union for help. I.L.G.W.U. engineers taught him an assembly-line method of making dresses. Benny not only signed a union contract but became the first Dallas manufacturer to employ Negroes. Benny's experiment was a success: from a one-shop company with...
BUCKLEY: You've hit on a vital point, Mr. Slater-Without the active help of the alumni, most private universities would go bankrupt. Now the need of money is something that brings real unanimity of action. A university administration can't run without money, and they want to run. There are two sources they can tap: one is the government, the other the alumni...
...story told by Biographer Derek Hudson is a tragic one. Tupper had his success young. In the '60s the public outgrew him, and he became a figure of fun. As people began to snicker, other disasters struck him too. He lost his savings in speculations. His publishers went bankrupt and failed to pay him. His wife became an alcoholic and was out of her head for a time. His eldest son ran hugely into debt, was kicked out of the army, and almost broke Tupper's heart when he was found suffering from delirium tremens in a prostitute...
...pinko National Guardian, staffers were accused of violating the pay scale ($60 minimum for writers) in their Guild contract by kicking back part of their salaries as "loans" to management to keep the near-bankrupt weekly going...