Britain: The Doomsday Book

In a London hall last week a group of angry investors bitterly chanted Handel's "Dead March" from Saul, and an accountant rose to read solemnly from a 75-page report. It was the Doomsday Book of Rolls Razor Ltd., the base of John Bloom's washing-machine empire —and it contained some shockers. Britons knew that Bloom had fallen badly, but no one had guessed quite how badly. Citing examples of incredibly slovenly bookkeeping, the report revealed that Rolls Razor, whose assets in bankruptcy are only $2,100,000, is in the hole to creditors for $11...

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