Word: bankrupted
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Dates: during 1990-1999
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...revive fundamentalist laws. Everything seems to be going wrong for Nawaz Sharif. His support of the Taliban militia in neighboring Afghanistan has drawn enmity from Iran and the Central Asian republics (see following story). India and Pakistan have intensified their cross-border artillery fire in disputed Kashmir. Nearly bankrupt, Pakistan may run out of foreign exchange by the end of the month, and the Karachi stock exchange imploded after the May 28 underground nuclear tests, wiping out half its share value...
...their peoples are suffering. It takes a distorted mind to say the situation is better than the prosperity of the past. Yet we are being told that the destruction of our economies will be good for us in the long term. How do we tell the unemployed millions, the bankrupt banks and busted companies that their misfortunes are good for them and their nations? How do we tell a man being devoured by a tiger that he is really helping preserve a treasured species...
...Details of the plan are sketchy, although it appears that opposition demands to let bad banks fail have been met by making assistance to the stricken Long Term Credit Bank -- one of the country's largest -- conditional on effectively declaring it bankrupt. "Compromise between Obuchi and the opposition is the first good sign that they're moving toward resolving the banking crisis," says Baumohl. "But with Japan's banks holding as much as $1 trillion in bad loans, there's a lot more to be done...
...formula for Coca-Cola." Not only that, handing it over would "reveal plans for future operating systems." That's why they want the government experts examining it to agree not to work for Redmond's rivals in the next few years. No, says the government, that would bankrupt them...
...patron of 24 years, the Indonesian strongman he slavishly referred to as S.G.S., Supergenius Suharto. The mere suggestion that Suharto's successor at the height of Indonesia's search for an economic bailout would be a man widely regarded as a free-spending eccentric shocked the bankrupt rupiah into a 36% crash. But Habibie (commonly referred to as B.J.) possesses the one quality Suharto needed, extreme loyalty, and continued to give it to the embattled President while students trampled their despised leader's effigy, longtime allies called for his resignation, and an emboldened press made...