Word: bankrupted
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With the new General Motors Corp. expressing second thoughts about selling Opel to Canadian partsmaker Magna International Inc. - or anyone else, for that matter - a flip side to GM's indecision has emerged. Why would Magna want Opel when acquisition of the bankrupt European carmaker could jeopardize billions of dollars in business with existing customers - and possibly lead to its ruin...
Some Americans are heeding such warnings and working to transform the way the country eats - ranchers and farmers who are raising sustainable food in ways that don't bankrupt the earth. Documentaries like the scathing Food Inc. and the work of investigative journalists like Eric Schlosser and Michael Pollan are reprising Sinclair's work, awakening a sleeping public to the uncomfortable realities of how we eat. Change is also coming from the very top. First Lady Michelle Obama's White House garden has so far yielded more than 225 lb. of organic produce - and tons of powerful symbolism. But hers...
President Obama is pushing health-care reform for many reasons, and at different moments during the debate he has focused on different reasons. At times he has emphasized the skyrocketing health costs that are on track to bankrupt the country. At other times he has emphasized the promise of universal coverage. Lately he has shifted to the plight of the insured, who still face exorbitant out-of-pocket expenses and can lose their coverage if they get sick. But he has also tried to assure Americans that they'll be able to keep their existing insurance if they like...
...position of owning a casino - though given the way banks have operated in this decade, that seems like a logical business extension. Meanwhile, Station Casinos, Tropicana and Herbst Gaming have disproved the adage that you can't lose money owning a casino. They borrowed big and went bankrupt...
...Nesson, known for advancing unusual legal arguments, said that the damages awarded would bankrupt Tenenbaum, and that his client would ask Judge Nancy Gertner to reduce the sum to a more "reasonable" level. In the only previous such case to go to trial, Capitol v. Thomas, the plaintiffs were awarded $9,250 per song, an amount raised to $80,000 per song in the re-trial for a total of $1.92 million...