Word: bankrupts
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...most other issues, the Yugoslavs lined up with the West. Last week, the U.S. announced that it would back the Yugoslavs for a seat on the Security Council against Czechoslovakia. The Yugoslavs, declared the Ukraine's Dmitri Manuilsky in a withering speech before the Assembly, were "bankrupt sharks...
Unable to strike at CHADE, March turned his attention again to Barcelona Traction. In February 1948, an obliging judge in the small Catalonian town of Reus declared that, since Barcelona Traction had not paid the interest on its bonds, it was bankrupt. Franco's authorities moved in, evicted Barcelona Traction's officers from their Barcelona headquarters, and ushered in Juan March...
...could have been head of Britain's Steel Board or had his pick of many glittering big business jobs. He turned them all down to go back to Oxford as provost of his old college. But the following year, in 1947, when a stricken and bankrupt Europe was feverishly fingering the hope just held out by the Marshall Plan, Ernie Bevin, now Foreign Minister, called Franks from his cloister to head the British delegation to the 16-nation Paris conference...
...concern which the Government would have used as a basis for inheritance taxes. Since these taxes "would have greatly exceeded the estate value . . . held outside of Allied by either owner ... each knew that the untimely death of the other could wipe out the earning power of the company and bankrupt the surviving owner...
...Washington next month a conference of the U.S., Britain and Canada will meet to see what can be done to save America's most important ally. What worried the U.S. as much as the prospect of Britain going bankrupt was the possibility that, in an effort to stave off bankruptcy, the British might withdraw into a tight autarchic sterling bloc which would in effect split the West...