Word: debt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...gargantuan Daewoo Group in the wake of the Asian financial crisis. The end of Daewoo, one of the country's four largest industrial conglomerates, was a shocker, but not because anyone was surprised by Daewoo's abysmal financial condition. That was obvious. The group was amassing dizzying amounts of debt in an ill-conceived global expansion (especially at its car company). A year earlier, I had called Daewoo's madcap strategy "corporate suicide" in the Wall Street Journal. The surprise was that policymakers and bankers had the guts to allow Daewoo to collapse. Daewoo was an icon of Korea...
...Angeles Times, the Baltimore Sun, and its namesake Chicago Tribune—announced its filing, the chain was wracked by layoff and forced buyouts. The Times alone lost 150 staffers—17 percent of its employees. Smaller chains, like McClatchy, are close to defaulting on their debt, and even giants like The Washington Post and The New York Times are making cutbacks.While the decline of print journalism is an unfortunate development, it is also an inevitable one. The Internet has pulled subscription and advertising dollars out from under newspapers, and free services like Craigslist have replaced previously profitable classified...
...plan they believed wouldn't force the Big Three to seriously restructure, Senate Republicans, led by Bob Corker of Tennessee, engaged in a marathon session of talks. By late in the day, it seemed like they might be amenable to a plan that would involve the automakers slashing their debt by March 31 and forcing the United Autoworkers Union to accept wage cuts that would put them on par with employees of foreign automakers, which operate plants in the U.S. "We were three words - three words - away from a deal. We offered any date in the year 2009 - any date...
...able to afford. Infrastructure decays slowly, and yet roads erode, bridges collapse, and levees fail. Some problems have existed so long that we forget there is any alternative until the Europeans figure it out first: universal health care, lower teenage pregnancy, access to higher education. Some, like the national debt, have become so large that successive administrations have simply passed them on and hoped they explode on someone else’s watch...
...think they are." Morchic points out that Russia has been through worse before - and bounced back. "You can't compare this crisis to the one in 1998," he says, referring to the year the ruble collapsed and Russia defaulted on tens of billions of dollars' worth of debt...