Word: bankrupted
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...clear enough. When workers own their own companies, they have an obvious incentive to protect their own salaries and benefits and to create a friendly work environment. But they also have an incentive to protect the profits and overall success of their employers. After all, ownership in a bankrupt firm is worthless. Thus, worker ownership results in firms where the needs of workers come first, but where necessary cutbacks can be achieved as well...
...gigolo to seduce Suzie in order to lessen his guilt about his own planned indescretion. Heavily drugged, Joel agrees to the sexual hire, not knowing that the girl he’s aiming to cheat with is, in fact, a con artist manipulating his underlings in order to bankrupt Reynold’s. Couple this with the threat of a strike from his array of imbecile employees, and Joel’s life becomes a colorful assortment of comedic fruit.Despite the presence of acclaimed actors like Bateman, Wiig, and J.K. Simmons, the film is stolen by the pimp-and-gigolo...
...health-care system is in a remedial class by itself. In no other industrialized country do 20,000 people die each year because they can't afford to see a doctor; nowhere else do 700,000 a year go bankrupt because of their medical bills. When it comes to health-care policy, an economist tells T.R. Reid, the U.S. is the "bogeyman of the world." The question Reid poses, however, isn't, What are we doing wrong? It's, What are other countries doing right--and how can the U.S. learn from them? A Washington Post correspondent with a nagging...
Still, an AIG default could have been catastrophic for Goldman, although Goldman claims to have been perfectly hedged against an AIG bankruptcy. "If AIG would have gone bankrupt, it would have affected every institution in the world, because it would have had a big effect on the entire financial system," explains David Viniar, Goldman's CFO. He countered, though, that Goldman would have most likely figured out how to make money trading in such a volatile environment. (See TIME's AIG cover...
Chrysler's bankrupt, and Pontiac's going bye-bye. GM's on eBay, claims its Chevy Volt will get 230 m.p.g. and boasts that a $4,000 compact is in the works. Volkswagen is merging with Porsche. TV car guys with names like "Dealin' Doug" are screaming about incentives this and rebates that. And the government's porky cash-for-clunkers effort is ridin' herd on gas hogs...