Word: bankrupts
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Dates: during 1970-1979
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...first glance, they seem ready for delivery. The lettering on two of them spells out the name of Court Line, a British charter airline. The other three wear the bright symbol of Pacific Southwest Airlines' "grinning birds"-a broad smile painted under their striped cockpits. But Court went bankrupt in 1974, and PSA's business was so bad that ungrinning executives could not take the L-1011s. So Lockheed has been stuck with the five planes, which are parked on a ramp awaiting buyers...
...political climate in the nation changed from one of conservatism to one of relative liberalism, Spencerian theory rapidly lost its credence. Educators and policy-makers began to see it for what it was, a self-serving, scientifically-bankrupt explanation for maintaining the status...
...rate of inflation had been cut to 7.3% from 12.2% in 1974. Consistent with his conservative views, Simon had been the strongest counsel in the Administration against federal aid to New York City. Under political pressure, he was forced to moderate his position, but not before the near bankrupt city adopted more prudent fiscal policies...
...Nguyen An Minh, formerly vice president of a commercial bank, is unemployed in New Orleans largely because he speaks no English. An ex-general is serving as a headwaiter at a Pennsylvania restaurant. Some jobs offered to refugees have fallen through; when a gardening firm in Pomona, Calif., went bankrupt last year, about 200 Vietnamese found themselves out of work. Many refugees may flock at first to areas of high unemployment because large numbers of their compatriots have already gathered there. When the resettlement camp at California's Camp Pendleton Marine Corps Base closed down Oct. 31, the refugee...
...Abboud well remembers stories about the day more than 40 years ago when his father, the son of a Lebanese farmer, was denied a loan by a Boston banker. As a result, the family's heating and ventilating business went bankrupt, and Alfred Abboud was forced into teaching to pay off $5,000 owed to creditors. The incident, says A. Robert Abboud, taught him that one of the worst things a banker could do was to turn down a borrower of good character...