TheWeekInWords: Last chance bankruptcy; beef or slime?

The industry calls it "lean, finely textured beef," a lower-cost ingredient made from fatty bits of meat left over from other cuts, but it is often derided as "pink slime." Associated Press
The industry calls it "lean, finely textured beef," a lower-cost ingredient made from fatty bits of meat left over from other cuts, but it is often derided as "pink slime." Associated Press
Posted: April 01, 2012

"If you called it finely textured lean beef, would we be here?" - Kansas Gov. Sam Brownback, defending the meat product slammed as "pink slime" by critics.

"The people who don't participate in this market are making it more expensive for those who do." ?- Supreme Court Justice Ruth Bader Ginsburg, on what would happen if the so-called individual mandate is eliminated from the Affordable Care Act.

"You could say that about buying a car."? - Justice Antonin Scalia, in a retort to Ginsburg.

"I'm here to see if I can get what's my last chance - personal bankruptcy."? - Nuno Pinto, an unemployed worker in Portugal, where personal bankruptcies are surging amid Europe's financial crisis.

"We know that market conditions are likely to remain tough in 2012." - John Nelson, chairman of Lloyd's of London, which announced a loss of $822 million for 2011.

"If they invested that much money, I'm sure they'll invest to get us a winner." ?- Tommy Lasorda, the Los Angeles Dodgers' retired Hall of Fame manager, after learning that Magic Johnson and other investors had bought the team for a record-breaking $2 billion.

"China is trying to make sure that at least at the lowest level of unskilled workers there are greater protections in place for them." ?- K. Lesli Ligorner, head of the China employment group for law firm Simmons & Simmons, on a tightening of wage and hour rules as Apple Inc.'s manufacturing contractor Foxconn pledged changes at its China plants.

"We can't do everything ourselves, but we can do what we're good at." ?- Research in Motion Ltd. chief executive officer Thorsten Heins, on the struggling BlackBerry-maker's strategy shift after failing to compete with flashier, consumer-oriented phones such as Apple's iPhone and models that run Google's Android software.

"We've had financial crises for 600 years in the Western world. Periodically, there are going to be bubbles or other instabilities in the financial system." ?- Fed Chairman Ben S. Bernanke, in a university class lecture.

"The company has a huge responsibility here not to undermine its first female CEO." ?- Martha Burk, arguing that IBM should insist that the Augusta National golf club admit its chief executive Virginia Rometty as a member. International Business Machines Corp. sponsors the Masters tournament this week at Augusta National, which has never admitted a woman to full membership. Burk headed an unsuccessful effort to change that a decade ago.

Compiled from The Inquirer and Associated Press.

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