Word: bankrupted
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Dates: during 1990-1999
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...jurors were bargaining over votes. If jurors were vote-trading, which is not allowed, Symington could be the beneficiary of a mistrial. "If he is acquitted, look for him to rebound with a vengeance," says TIME's Richard Woodbury, who has been covering the trial. Symington, despite being declared bankrupt, has already announced he will run next year for a third term...
...could never presume success. In their new book Rocking the Ages, Yankelovich's Smith and his colleague Ann Clurman blame Xers' woes on their parents: "Forget what the idealistic boomers intended, Xers say, and look instead at what they actually did: divorce. Latchkey kids. Homelessness. Soaring national debt. Bankrupt Social Security. Holes in the ozone layer. Crack. Downsizing and layoffs. Urban deterioration. Gangs. Junk bonds...
...multi-party "transitional authority" Tuesday night to handle day-to-day governing. Although the U.S. is pressing Kabila to commit to multi-party elections as soon as possible, organizing a vote will not be easy given the country's decaying infrastructure and imperfect census data. "The country is bankrupt. There's not even a constitution," South African Deputy President Thabo Mbeki said. South African negotiators have reportedly proposed holding elections in a year's time, notes TIME's Peter Hawthorne. For the moment, though, Kinshasa residents, still exuberant over the rebels' easy victory, are content to wait. Most businesses have...
...with Arnault's "ferocious" approach in acquiring luxury-goods companies, many of which were family owned, by splitting the opposition--that is, stepping in on the side of one of two disagreeing partners and later eliminating the survivor. He did that in 1985, taking over the bankrupt firm of Boussac, which owned Dior. At the time, he promised to expand Boussac and preserve jobs; instead he shut it down, having extracted the part he wanted...
Arnault isn't the type to dwell on such incomplete victories. There are other names on his shopping list, including the Paris jeweler Mauboussin, and perhaps Barneys, the bankrupt New York City retailer. The Barneys situation is particularly nasty, with lawsuits flying and all manner of unpleasantries exchanged among Barneys' owners, their landlord and assorted creditors. Yet Barneys remains the most excessively hip retailer in the country. It would seem like a deal tailor-made for the talents of Bernard Arnault...