Word: bankrupted
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...Neither can General Motors'. The company is in the process of axing 1,100 of its 6,000 dealers. When the march of time, the sins of management and the scythe of a bad economy conspire to bankrupt once great companies, who pays? The sort of person, in the words of Tennessee Senator Bob Corker, "who ran a profitable business, civic leader, always responsible," who "very unfortunately" is "going to take a lot of pain" for the mistakes of others. A guy like Steve Weinberg. "It breaks your heart," says the Senator. (See the 50 worst cars of all time...
...Members of the People's Alliance for Democracy (PAD) voted this week to form a political party and contest Thailand's next general election. The head of the still-unnamed party is expected to be movement leader Sondhi Limthongkul, 61, a formerly bankrupt media magnate who has accrued various enemies in a long public career. Sondhi was wounded in an assassination attempt in April that he blamed on corrupt politicians and military men. Millions of viewers regularly watch his satellite television channel ASTV, which openly advocates for the PAD and could provide the new party with a potentially huge voter...
...There is a much more acute problem which is that many of the dealers that are going to be closed will go bankrupt. Estimates vary, but these dealerships probably have about 80,000 vehicles in inventory. The franchises will rush to sell them to get cash to handle obligations. Dealers that go into Chapter 11 will probably have their stocks of vehicles auctioned off by the order of a court. (See the 50 worst cars of all time...
...plants and a collection of heavily subsidized industrial white elephants, all built at the taxpayers' expense. "Floodlit sheep meadows," grumbles Reiner Holznagel, managing director of the German Federation of Taxpayers. "In every district you can find projects that make you shake your head." Among the most egregious: the now-bankrupt firm Cargolifter, which tried to build a modern Zeppelin airship with tens of millions of government dollars. (See pictures of the Top 10 scared traders...
...entry onto the scene will do little more than to push the chance for real dialogue farther away from the surface. Inevitably, the people this hurts the most are the true victims of sexual violence whose stories are drowned out by the distractions of an exaggerated and intellectually bankrupt movement...