Word: receivership
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CHELSEA, Mass.--Three years ago this city hidden among the oil tanks and container yards of Boston's inner harbor seemed to be stumbling through darkness as it tried to pull itself out of receivership...
Harvard waited too long to respond contemporary changes; no younger faculty of Bloom's age came remotely near the education and superb scholarship of Douglas Bush, Harry Levin and Walter Jackson Bate, Luminaries of Harvard's recent past. The English department nearly went into receivership. Ten years after I entered grad school, Harvard's reputation in literature hit rock bottom...
Hartford is so broke that it nearly went into receivership. Its horrendously underfunded educational system has been the subject of a lawsuit challenging unfair state educational aid formulas. The state was willing to resist calls to invest more in Hartford's crumbling educational infrastructure, but now is all too happy to jump in with a blank check to attract a football team. Is this prudent government, or just sports mania addling the already small brains of public officials...
...began working to improve Chelsea's schools, the city's problems worsened. In 1991, financial and political problems left Chelsea bankrupt. The city was placed into receivership, the entire school system was dismantled, and a sixth of the teachers were permanently laid...
...though, it will be up to the courts to sort out the mess. The Maxwells acted to place the private company, the Robert Maxwell Group, into receivership after all attempts to raise fresh outside capital proved hopeless. John Talbot, the administrator appointed by the High Court last week to oversee the family's private holdings, said Maxwell's remaining assets were likely to be put up for sale. That includes the Maxwells' stock in Maxwell Communication as well as their 51% stake in the Mirror Group...