Word: bankrupts
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Dates: during 1970-1979
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...York: Ed Koch, 52, seemed destined to represent his relatively affluent Manhattan congressional district for the remainder of his political career. What, after all, could a balding, puckish Greenwich Village bachelor with a near-perfect A.D.A. record have to say to the rest of the hardbitten, crime-ridden, near-bankrupt city? Quite a bit, as it turned...
...1920s, though, when post publisher Ned McLean was found to have lied to a Senate committee to help cover up a bribe that his friend, Secretary of the Interior Albert B. Fall, and accepted in the Teapot Dome scandal. From then on The Post went downhill, and McLean went bankrupt. The paper was sold at auction in 1933--and when none of its reporters even bothered to cover the sale, The Post ran an Associated Press account the next...
...affect, even indirectly, the course of the American government. Roberts makes no attempt to analyze The Post's rise to journalistic greatness, and his strictly chronological approach to the paper's history may disappoint those who wonder what it means for society that in 40 years a bankrupt newspaper may grow to successfuly challenge the authority of a too-powerful President. But for those who want to know more about The Post than is shown in All The President's Men, Robert's book is worth reading...
Britain's biggest automaker is still deep in trouble, but a new boss and a turn toward moderation by its fractious workers are strengthening its chances to stay in business. When the Labor government reluctantly agreed to take over nearly bankrupt British Leyland Motor Corp. in 1975, it publicly warned the maker of Jaguar, Morris, Triumph and Rover cars that it would not throw good money after bad. The price of government cash for new-car development and badly overdue plant modernization was to be an end to the constant bickering that has pitted unions against management and against...
...largest three-month loss ever reported by a U.S. corporation. If the company had not been able to take advantage of $417 million in tax credits, the red ink would have totaled $894 million, far exceeding even the full-year loss of $560.2 million that the bankrupt Penn Central reported...