Word: ink
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Dates: during 1970-1979
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...million Lockheed loan guarantee of 1971, is designed to save from bankruptcy the nation's third largest automaker and tenth ranking manufacturer (1978 sales: $13.6 billion). With Chrysler's losses mounting daily, its 1979 deficit is almost sure to exceed $1 billion, the gaudiest splash of red ink in U.S. corporate history...
What mainly had changed was that Hannon and his aides had just been accused of multimillion-dollar mismanagement. By Byrne's estimate, Hannon's administration had allowed the school's red ink to soar to $500 million, while claiming the deficit stood no higher than $43 million. "They sat there and lied to me," said Byrne, recalling a recent upbeat discussion of school finances with Hannon and his aides. "I don't think anybody with half a brain can mistake the difference between $43 million and $500 million." That was a puzzling claim, since Byrne herself...
...fashion industry has flourished for decades by staying ahead, periodically changing styles to shorten hems or narrow lapels. But Detroit's automakers are sinking knee-deep into red ink, as energy-conscious buyers increasingly switch their taste in cars to lighter, fuel-efficient models. Surprised by the speed of that change, manufacturers cannot turn out enough small autos to satisfy public demand, while outmoded big cars gather dust in dealer back lots. As a result, in the first ten days of November, Big Three sales plummeted 26% from last year's levels...
Government help of some sort is plainly needed if banks are to be persuaded to continue to finance Chrysler. Despite five profitable years, the company has run up a net loss in the 1970s of $100 million, and more than half the red ink has come this year alone. So far the 1979 deficit totals $722 million, and the full-year loss could easily top $1 billion, an all-time record for U.S. industry...
...briefing book with three staffers at his home, a rambling, 16-room gray-shingled house in McLean, Va., that overlooks the Potomac River and is surrounded by five wooded acres. The subject was immigration, and as Kennedy flipped through the pages, he read questions he had scrawled in blue ink the night before. He kept asking for obscure facts, almost as if he were probing to make certain that the aides knew what they were talking about. Says...