Word: flushes
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Dates: during 2000-2009
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Music isn't the only formerly flush - now flagging - industry out there (hello automobiles, journalism, finance, retail, publishing, etc.), but it might be the most stubbornly responsible for its own demise. As Steve Knopper writes in Appetite for Self-Destruction, his chronicle of the music business' downfall, it's not as if record labels hadn't seen this sort of thing before. In the early 80's, the industry. hurting from the collapse of disco, was saved by the advent of compact discs, which prompted fans everywhere to repurchase crisp, digital copies of albums they already owned on tape...
...forced to cancel its leases, it won't have a place to sell its goods. No sale means no cash, and the banks will be stuck with toxic debt. Faced with this tight time frame, the banks might not risk a DIP financing even when things are flush; in down times, forget about it. Once bankrupt and unable to find a buyer, a company must dissolve immediately, and recoup what it can through liquidation. "Retailers can't get access to financing, just when they need it most," says Larry Gottlieb, a bankruptcy lawyer at Cooley Godward Kronish. (Read "Why Circuit...
...their own videos and add to Eva Longoria Parker's vow to "plant 500 trees this year" or Moore's pledge to "free 1 million people from slavery in the next five years." Might be better to keep it simple, though, like Jason Bateman for example: "I pledge to flush only after a deuce. Never a single." Or Diddy: "To turn the lights off." And Schumacher: "To never give anyone the finger when I'm driving." (Obama spent his Martin Luther King Day "being the change" with a paint roller...
...television. Wyeth's popularity coincided with the disappearance of an older U.S., a nation of regions, localities and rural fastnesses that was overwhelmed and homogenized after World War II by the mass market and mass media. Which is why, even at their dryest and gravest, his pictures are inevitably flush with nostalgia...
...feeding frenzy for the ages. Lobbyists for shoe companies, zoos, catfish farmers, mall owners, airlines, public broadcasters, car dealers and everyone else who can afford their retainers are lining up for a piece of the stimulus. States that embarked on raucous spending and tax-cutting sprees when they were flush are begging for bailouts now that they're broke. And politicians are dusting off their unfunded mobster museums, waterslides and other pet projects for rebranding as shovel-ready infrastructure investments. As Obama's aides scramble to assemble something effective and transformative as well as politically achievable, they acknowledge the tension...