At Calitics, Robert Cruickshank writes, House Republicans Plan to Force California Into Bankruptcy to Bust Unions:
If you've been reading Calitics for any length of time, you know that one of the things we often point out is that California cannot go bankrupt. Our constitution mandates bondholders be repaid before...
Crystal Cathedral Files for Bankruptcy: Protect Us From Our DebtsFiled under: Religion, Culture, Disputations, EconomyThe Rev. Robert Schuller's legendary ministry and "Hour of Power" broadcast continues fall from grace, with millions in debt and lawsuits from unpaid vendors. Permalink | Email this&nb...
Next Stop, Obamaville. Everybody Off!Filed under: Democrats, Republicans, Economy, Humor, Obama Administration, Chaos Theory, Congress, UnemploymentWe're in the funny money. Permalink | Email this | Linking Blogs | Comments
The U.S. Postal Service: Our Next Bankruptcy?Filed under: Economy, Woman Up And you thought public health care was getting a bad name? Move over, socialized medicine. We have another problem on our hands. The General Accounting Office (GAO) has announced that the U.S. Postal Service is in danger of financial insolvency.
Biggest Mistake of the Financial Crisis: Lehman Bros. BankruptcyFiled under: Economy  Writing the first draft of history is hard.Getting history right is even harder.
The first draft of the history of the financial crisis says that allowing Lehman Brothers to file for bankruptcy protection one year ago today was the right decision. The final version is likely...
State Unemployment Funds Going Bankrupt in RecessionThe recession has sent 25 state unemployment funds into bankruptcy, and the Department of Labor predicts the number will reach 40 in the next two years, the Washington Post reports. States whose jobless funds have already dried up have borrowed $24 billion from the federal government...
Progressive Radio Network Air America Goes UnderAir America has announced it will end all broadcast operations and file for bankruptcy protection.
In a memorandum posted on the progressive talk radio network's Web site Thursday, chairman Charlie Kireker said, "the very difficult economic environment has had a significant impact on Air... The Health Care Divide: Dems That Have, and Dems That Don’tFiled under: Woman Up There's a civil war going on among Democrats in the so-called heartland.Here in the Midwest, Democrats agree on most things. We were thrilled to usher in the first African-American president. We are largely pro-choice, we're OK with gay marriage, and we hate Rush Limbaugh with the passion of... We’re ‘Shocked, Shocked’: There Was Gambling Going On at Lehman BrothersFiled under: Economy, Investigations, Culture, Wall Street, Ethics  Why does Wall Street's reaction to the report that Lehman Brothers used questionable accounting tricks to hide its shaky financial position remind me of Captain Renault in "Casablanca," who is "shocked, shocked...Regulate the Banks? You’ll Spoil the FunFiled under: Economy, Scandal, Humor, Chaos Theory, Lobbying Advance to Plank-Walk
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