Word: bankrupts
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...We’re just a bunch of dudes who are very willing to go bankrupt for something we love,” Sylvester says. “It’s really all about the record...
...executives have been tried, with mixed results. For every Ghosn, who is now a national hero for saving Nissan, there is a Rolf Eckrodt, the DaimlerChrysler executive who failed to turn around Mitsubishi Motors. For every Ripplewood Holdings, the U.S. investment firm that bought out and successfully relaunched the bankrupt Long-Term Credit Bank as Shinsei Bank, there is a Carrefour, the French retailer that is withdrawing from the country after just five years. Still, Katz sees slow progress. "For a long time, the Japanese élite and public had negative attitudes toward foreign investment, fearing it would mean loss...
...child support payments that rose if his income increased, but stayed the same if it fell. Sure enough, he was retrenched from his high-paying job and for a few months received unemployment benefits. Filing for bankruptcy was an option, but there was a catch. After five years a bankrupt receives automatic discharge from nearly all debts, though one exception is child support. Fortunately, Rob landed...
...gradually stop taking in more money than it pays out, and eventually Social Security’s immense reserves will run out. The exact dates depend on the growth numbers one uses, but Bush likes to say that by 2042, Social Security will be “exhausted and bankrupt.” Bush has somehow connected this anthropomorphized Social Security (government programs cannot file for bankruptcy, nor become exhausted) to the idea that when America adjusts Social Security’s cash flow, part of Social Security should also be privatized. The plan’s publicized, if vaguely...
...Whether you think Social Security is a "challenge," (House Minority Leader Nancy Pelosi), "a big problem" (Frist), is nearly going "bankrupt" (President Bush) or a "crisis situation" (House Majority Leader Tom Delay), one of the crucial weapons in the debate has been the choice of words used to talk about it. President Bush, for example, has shifted from "private accounts" to "personal accounts" to "voluntary personal retirement accounts" in his State of the Union address. Polling has encouraged the White House to use the term "personalization" rather than "privatization" on Social Security. But Democrats have to master the language...