Word: defaulted
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Back problems continued to haunt Diana Olney. With her number four match tied after two sets she had to default, giving Colby their only singles win of the afternoon...
...energy policy at present is best characterized as "wait and hope." It emerged almost by default last year when the Democratic Congress, after two years of debate, decided against the so-called market approach-that is, a quick end to controls on domestic oil prices, which would allow them to run up to world levels, thereby reducing consumption and encouraging more oil exploration. Instead, Congress-and later the Ford Administration-adopted a "gradualist" approach. Embodied in the energy act passed last year, it essentially maintains oil price controls through 1978, allowing U.S. oil to rise from its controlled level...
...race by the end of March-flopped. When Ford won in New Hampshire, Florida and Illinois, Reagan had neither the resources nor the time to gear up for the primaries in delegate-rich New York, New Jersey and Pennsylvania. Most of these delegates went to Ford virtually by default, as did Ohio...
...early May, when two stockholders filed suit against the state's second largest S&L, the 47-branch Bankers Trust (which has no relation to the well-known New York bank of the same name). The plaintiffs charged that because of mismanagement, Bankers Trust was about to default on some of its $211 million in savings deposits. Bankers Trust officials at first denied it, but several weeks later agreed to place the S & L in receivership...
...decline. In 1973 Genesco reported a $52.9 million loss, the first in its history; two years later there was another deficit of $14.3 million. The company suspended dividends in 1973. Wall Street analysts predicted that when $50 million in long-term debts became due in November 1976, Genesco would default and that Frank Jarman would be ousted...