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Gordon Brown brings Britain to the edge of bankruptcy
Gordon Brown brings Britain to the edge of bankruptcy Iain Martin says the Prime Minister hasn't 'saved the world' and now faces disgrace in the history books By Iain Martin Last Updated: 8:36AM GMT 20 Jan 2009 They don't know what they're doing, do they? With every step taken by the Government as it tries frantically to prop up the British banking system, this central truth becomes ever more obvious. Yesterday marked a new low for all involved, even by the standards of this crisis.Linens N Things possibly filing for bankruptcy
I just read that Linens N Things is considering filing for bankruptcy. It seems the slowing economy coupled with the falling housing market are adding to their troubles. The company has not said that they are for sure filing, and they are looking into other options.Britney Spears Is On Her Way To Bankruptcy In Four Years
Fallen star Britney Spears, 26, will end up broke four years if she does not stop her big spending, reports the Daily Star. Once worth $100 million, Brit has lost more than half her fortune after frivolous spending over the last few years. Britney's family held a crisis a talk to curb her shopping sprees.Did President Obama Lie About Health Care in His non-SOTU Tuesday Night, or Are He and His Staff Just That Ignorant?
From Red State: Did President Obama Lie About Health Care in His non-SOTU Tuesday Night, or Are He and His Staff Just That Ignorant? In his non-State of the Union speech Tuesday night, President Obama claimed that health care “is a cost that now causes a bankruptcy in America every 30 seconds,” and that, “in the last eight years, premiums have grown four times faster than wages.” Further, he claimed that “one million more Americans…lost their health insurance” in “each” of the eight years of the Bush administration. Each of these statements is so demonstrably false that the only two conclusions one can reach about their inclusion in Tuesday’s speech are (1) President Obama was willingly lying, and was counting on the American people to be too stupid to fact-check him or too apathetic to do anything about his untruths, or (2) President Obama and his researchers and speechwriters are either too ignorant or too intellectually lazy (or both) to get their factstalking points remotely straight.Are There Any Rules In The Bailout Game?
Are There Any Rules In The Bailout Game? Thomas F. Cooley, (Forbes) For the Obama administration, the answer is ''no.'' We are entering a precarious phase of the economic and financial crisis.Boscov's files Chapter 11, to close 10 stores
Boscov's files Chapter 11, to close 10 stores By ERIK ORTIZ Staff Writer, 609-272-7253 Published: Tuesday, August 05, 2008 http://www.pressofatlanticcity.com/185/story/221870.html After more than a week of rumors about bankruptcy and store closings, Boscov's Inc. made a not-so-surprising announcement Monday: It filed for Chapter 11 bankruptcy protection and will shut down 10 underperforming stores. "This will help us realize additional cost savings and operational efficiencies, and improve our financial base so that we can better serve all of our constituencies," CEO Kenneth Lankin said in a statement about the closing of 10 of its 49 department stores in six states.Medical Bankruptcies: A Data-Check
Medical Bankruptcies: A Data-Check March 05, 2009 12:37 PM (ABC News) (3 p.m. update: See italicized items with responses from the lead author of the Harvard study, Dr. David Himmelstein.) President Obama’s kicking off his health care reform today in the worst possible way: with a mischaracterization of data.The Office, "Murder": Best Lines of the Night and Video!
Well, I do declare! This week's The Office was silly good fun. Distraught over rumors of bankruptcy, Michael suggests that the employees engage in a murder mystery game called Belles, Bourbon and Bullets to keep their spirits up.
Iacocca losing pension, car in Chrysler bankruptcy
NEW YORK (Reuters) – Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later. Chrysler CEO Robert Nardelli told a U.S.GM secures US bankruptcy deal
May 28 10:25 AM US/Eastern www.breitbart.com/article.php?id=CNG.555314bd92016b64215def4878d1d7c8.b41&show_article=1&catnum=0 Fallen US auto giant General Motors pulled back from the brink Thursday, winning government and bondholder support for a new restructuring plan while Chrysler waited for a court to decide its future. GM, kept afloat so far with 19 billion dollars in US taxpayer money, had been facing a deadline on Monday to come up with an agreed reorganization and looked to be in serious trouble when bondholders balked earlier this week. But on Thursday, it said a new plan, this time endorsed by bondholders, would see the government hold a 72.5 percent stake in return for possibly more than 50 billion dollars of fresh funding.
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