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Word: defunction (lookup in dictionary) (lookup stats)
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...fifth of the $161 million awarded to customers was paid out in 1998, in part because investors were stuck dealing with paperwork while their dishonest brokers skipped town or filed for bankruptcy. Although NASD is doing a better job of tracking award payments, the agency can't force defunct brokers to cough up anything. Starting this month, however, investors in such cases will be allowed to bypass the mandatory arbitration process and ask a judge to start freezing assets before the deadbeats make themselves scarce...

Author: /time Magazine | Title: Net Net: Broker Poker | 6/25/2001 | See Source »

...Internet entrepreneurs who rode the elevator to the penthouse and got off before it plunged earthward. That's not bad for a kid from the working-class south Boston neighborhood of Dorchester. Davis learned the basics as a salesman at GE and later at the now defunct office-automation pioneer Wang Labs--one of the hottest companies of its time before being blown away by DEC and others. In 1995 he was brought in by a fledgling venture-capital company, CMGI, to run a search-engine operation called Lycos (derived by the technology's creator from the Latin name...

Author: /time Magazine | Title: Face Time: Ahem, Bob Davis Was Right | 5/28/2001 | See Source »

...Electronic Entertainment Expo (E3) in Los Angeles, and there will be business casualties. Both systems are scheduled for fall release. The winner could easily oust Sony's PlayStation 2 from the top of the charts, while the loser could just as easily go the way of Sega's defunct Dreamcast, which sold only half its projected 6 million units before Sega pulled the plug...

Author: /time Magazine | Title: The Battle Of Seattle | 5/21/2001 | See Source »

...West Bank and Gaza. Indeed, many Israelis themselves have little truck with the desire of the settlers, who are mostly motivated by religious or nationalist passions, to live in these predominantly Palestinian territories. Indeed, the future of the settlements had been subject to Israeli-Palestinian negotiation in the now-defunct Oslo peace process...

Author: /time Magazine | Title: Mideast Killings Highlight a Growing Crisis Over Settlements | 5/9/2001 | See Source »

...Such unquestioning patriotism is just fine with the Chinese government. With socialism defunct as an inspirational ideology, the Communist Party has adopted nationalism as its new raison d'être. Thousands of Beijing students hurled stones at the U.S. embassy after the NATO bombing, and also burned American flags helpfully handed out by local security forces...

Author: /time Magazine | Title: In China, the Kids Are Party Animals | 4/6/2001 | See Source »

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