Word: brink
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Dates: during 1970-1979
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...itself, the Krupp industrial machine, which has eagerly supplied the arms for military adventures since the days of Bismarck, rose stronger than ever from the ashes of both World Wars. Then, three years ago, a policy of borrowing short and lending long brought the mighty family empire to the brink of insolvency. In return for government guarantees of bank credit, Alfried Krupp, heir to the Krupp power and fortune, grudgingly agreed to relinquish his one-man rule. A public foundation headed by leading government and business officials was established to administer the family stock. Alfried, the last of his line...
...quandary over their bapak (father). Some felt that they should pay homage to him as the founding father who proclaimed Indonesia's independence in 1945 and spawned a sense of national identity. Others were prepared to damn him as the profligate who led his country to the brink of economic ruin and tried to hand it to the Communists...
...parties, or education, or traffic-but the whole thing, the whole enterprise. It is for this reason that we tend to be manic-depressive in our view of ourselves: one moment the greatest, strongest country on earth, the hope of the world; the next moment on the brink of decay and disaster. That is why American patriotism can be so strident, so naive, so defensive. The fiercest insistence that this is God's country, the most devout treatment of the flag as an icon, suggest an inner doubt, a sense of impermanence and vulnerability. The trouble is not excessive...
...Executive Stuart T. Saunders, Vice Chairman Alfred Perlman and Finance Committee Chairman David Bevan. Next day, fearful that the collapse of so large a corporation might bring down other companies in the shaky economy, the Nixon Administration took unusual action in order to rescue the ailing railroad from the brink of bankruptcy. Under seldom-used powers of the Defense Production Act, the Defense Department agreed to guarantee up to $200 million in short-term bank loans for the road...
...strongly in favor of proposed legislation to create a federal insurance corporation for brokerages along the lines of the Federal Deposit Insurance Corporation for banks. Congress seems eager to set up something of the sort to prevent investors from getting stung if their brokerage houses go over the brink. Thus, for all the pain it has caused, the long bear market may lead to new rules to protect the investor, and establish a stronger and better-run brokerage business...