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Keyword: bankrupt

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  • Forgotten Illinois: Metropolis

    10/27/2017 8:24:50 AM PDT · by KeyLargo · 13 replies
    Illinois Review ^ | October 27, 2017
    Friday, October 27, 2017 Forgotten Illinois: Metropolis D.C. Comics and the Metropolis Chamber of Commerce designated Metropolis, Illinois, as Superman’s hometown in 1972. And the Illinois General Assembly passed a resolution of its own to make the same designation. Shortly after the Illinois General Assembly designated Metropolis the official hometown of Superman in 1972, the New York Times mentioned that the city was bleeding jobs, and young people were fleeing for greener pastures. Fast-forward more than 40 years, and the problems are the same. The hope placed in a superhero is also still there.
  • Utopia in one city: Stockton

    10/22/2017 9:04:59 AM PDT · by rktman · 60 replies
    americantyhinker.com ^ | 10/22/2017 | Thomas Lifson
    Of all the candidates for utopia, Stockton, California would be on the bottom of my list. But a 27-year-old mayor, with the backing of a foundation, is trying for utopia, as seen by supporters of the Mommy State: Universal Basic Income. Futurism.com writes: Stockton, California, is about to become the first city to test government-supported universal basic income in the U.S. The program is the idea of the city's 27-year-old mayor and will be primarily funded by the basic income advocacy group Economic Security Project.
  • A Look at Illinois' Budget Disaster as Impasse Hits 3rd Year

    07/01/2017 3:43:58 PM PDT · by BackRoads775 · 24 replies
    http://www.nbcchicago.com ^ | 1 July 2017 | By Sara Burnett
    Illinois started its third straight fiscal year without a state budget on Saturday, territory that could mean some universities won't be able to offer federal financial aid, road construction and Powerball ticket sales will halt, and the state's credit rating will be downgraded to "junk." While a spending plan got early approval in the House on Friday, the chamber later adjourned for the day, with House Speaker Michael Madigan saying they would return Saturday — the first day of the new fiscal year.
  • California Assembly leader shelves single-payer health plan (Commiecare dies again)

    06/24/2017 1:46:15 AM PDT · by Libloather · 20 replies
    ABC News ^ | 6/23/17 | SOPHIA BOLLAG
    The prospects of a government-run health care system in California dimmed Friday when the leader of the state Assembly announced he doesn't plan to take up the single-payer bill this year. Speaker Anthony Rendon called the bill "woefully incomplete." "Even senators who voted for SB 562 noted there are potentially fatal flaws in the bill," the Los Angeles-area Democrat said in a statement. The bill, which has passed the Senate, lays out a plan for a government-run health system in California, but it doesn't include a way to pay for it. Rendon said the bill also doesn't adequately address delivery...
  • COMPTROLLER MENDOZA REACHES OUT TO STATE LEADERSHIP

    06/21/2017 11:40:04 AM PDT · by detective · 17 replies
    Illinois Comptroller ^ | Sasana Menendez
    As Illinois’ Chief Fiscal and Accountability Officer, my Office is responsible for managing the state’s financial accounts as well as providing the public and the state’s elected leadership with objective and timely data concerning the state’s difficult fiscal condition. As you are quite aware, I have been very vocal regarding these issues and the budgetary impasse since assuming office six months ago; however we are now reaching a new phase of crisis.   Accordingly, I must communicate to you at this time the full extent of our dire fiscal straits and the potential disruptions that we face in addressing even...
  • Could Illinois Be the First State to Go Bankrupt?

    06/12/2017 2:43:54 PM PDT · by detective · 70 replies
    The Fiscal Times ^ | June 12, 2017 | Eric Pianin
    Illinois has long been the poster child for a dysfunctional state fiscal policy. The state’s Republican governor, a formerly wealthy businessman, and the Democratic-controlled legislature have been perpetually locked in a race to the bottom as the Land of Lincoln has repeatedly flirted with near- bankruptcy and junk-bond level credit ratings.
  • Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms

    05/11/2017 4:12:00 AM PDT · by MarchonDC09122009 · 67 replies
    Courant ^ | 05/09/2017 | Jenna Carlesso
    Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms - Courant Community http://www.courant.com/community/hartford/hc-hartford-bankruptcy-lawyer-20170509-story.html Courant Community Hartford Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms Hartford Mayor Luke Bronin answers questions from the public about the 2017-18 city budget. Bronin stood his ground with different agencies trying to keep funding for their interests.  City leaders have taken a step toward bankruptcy, soliciting proposals from law firms that specialize in Chapter 9, which protects financially strapped municipalities. The city is reviewing several firms and could hire an attorney as early as this week, sources with knowledge of the plans...
  • Illinois Is Prepared—for Zombies The state readies for an undead apocalypse -financial

    03/07/2017 3:07:13 PM PST · by KeyLargo · 17 replies
    WSJ ^ | March 6, 2017 | Gerald Skoning
    Illinois Is Prepared—for Zombies The state readies for an undead apocalypse while its financial situation grows worse. Gerald Skoning Illinois’s state lawmakers are busy these days, but not with trying to reform the pension system or improve Springfield’s dismal bond rating. Instead, they’re moving to designate October 2017 as Zombie Preparedness Month. This may sound like a joke, but it’s (un)deadly serious: A resolution adopted by the state House last month contends that “while a Zombie Apocalypse may never happen, the preparation for such an event is the same as for any natural disaster.” Residents are urged to “create a...
  • The first fully vegan supermarket chain just went bankrupt [Veganz, Germany]

    01/16/2017 5:18:25 PM PST · by Olog-hai · 32 replies
    TheLocal.de ^ | 16 January 2017 17:20 CET+01:00
    The first entirely vegan supermarket chain has filed for bankruptcy due to a lack of demand, according to reports on Monday. The chain Veganz, which shuns animal products, will close at least four of its nine of its branches after announcing its bankruptcy in December, Lebensmittelzeitung reported. Jan Bredack, the founder of the chain, told the paper: “The model of the vegan supermarket outstripped itself, because of the growing supply of vegan produce.” …
  • California's Real Debt Is $1.3-Trillion

    01/12/2017 3:46:53 PM PST · by SeanG200 · 15 replies
    YouTube ^ | Jan 12, 2017 | John and Ken
    John and Ken speak to Marc Joffe of the California Policy Center (http://californiapolicycenter.org/) in regard to these recent articles on the subject of California's fiscal emergency: ➤ California’s Total State and Local Debt Totals $1.3 Trillion (http://tinyurl.com/hh8qbss) ➤ Can California’s Economy Withstand $1.3 Trillion of Government Debt? (http://tinyurl.com/znjpu9b) One aspect Marc Joffe mentioned would be a way to overcome this "debt" is to increase California's population... however, we see through some recent stories... ★ California Won't Fall Into The Sea -- It's Moving To Texas Instead (http://tinyurl.com/ztyrxae) ★ The Exodus of People Moving Away From California Is Becoming an Avalanche...
  • Feds Thinking About Killing 31,000 Mining Jobs To Protect A Chicken

    10/08/2016 5:26:46 PM PDT · by george76 · 35 replies
    The Daily Caller News ^ | 10/08/2016 | Andrew Follett
    A new report has government officials considering setting 10 million acres of across six states in the American west off limits to mining and development to protect the chicken-like Greater Sage Grouse, which is not an endangered species. The U.S. Geological Survey (USGS) report found that much of the Sage Grouse’s habitat sits on top of extremely valuable deposits of minerals including gold, copper, lithium, silver, uranium and many others. The USGS report means that the government’s most restrictive grouse protection plan could kill even more than 31,000 jobs and lead to more than $5.6 billion in reduced annual economic...
  • Dallas Morning News Headed For Bankruptcy for Attacking Trump

    09/24/2016 3:37:31 AM PDT · by V K Lee · 85 replies
    http://getoffthebs.com/dallas-morning-news/ ^ | Sep 22, 2016 | Brenda Corpian
    Due to the one of the most asinine endorsements of the century, revenue has hit rock bottom for the Dallas Morning News as thousands of the Dallas newspaper subscribers are cancelling their subscriptions. The moronic endorsement broke a 75-year streak in the paper’s history of endorsing Republicans, and generated a lot of reader pushback in the form of angry comments and vows to unsubscribe from the paper. Although Dallas is relatively liberal, the state hasn’t gone Democrat in a presidential election in 40 years. On September 6th the Morning News foolishly announced that they were refusing to endorse Donald J....
  • "It's Bordering Chaos": $14 Billion In Cargo Stranded At Sea, Crews "Go Crazy" On Hanjin Ghost Ships

    09/08/2016 4:45:48 PM PDT · by dynachrome · 30 replies
    Zero Hedge ^ | 9-8-16 | Tyler Durden
    But while manufactured cargo can survive indefinitely, crews on ships can not, and as Hanjin ships drift at sea, their crews face increasing uncertainties and diminishing supplies. “We usually have food and water for about two weeks,” said the captain of a Hanjin-operated ship speaking by satellite phone from the South China Sea. But, after 12 days at sea, “everything is getting tight—food, water and fuel,” he said.The captain added that he is rationing water and cutting back air conditioning to save energy. “The heat is driving the crew crazy,” he said. His ship was carrying lubricants and home appliances...
  • Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy

    09/01/2016 6:23:59 AM PDT · by Enlightened1 · 28 replies
    Zero Hedge ^ | 08/31/16 | Tyler Durden
    South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze its assets, which the Seoul Central District Court planned to grant, a judge told Reuters. As part of the company's insolvency process, the court will now decide whether Hanjin Shipping should remain as a going concern or be dissolved, a process that usually takes one or two months but is expected to be accelerated in Hanjin's case, the judge said. A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according to consultancy Alphaliner,...
  • Get ahead of Hillary's lie about Trump Bankruptcies!

    05/25/2016 8:17:54 AM PDT · by AuntB · 53 replies
    TheTownCrier ^ | May 25, 2016 | TheTownCrier
    Hillary Clinton is a lawyer, unlike most of the population out there, and KNOWS Trump never liquidated creditors in a typical bankruptcy. Every media report repeated her lie dozens of times yesterday. People think there is one kind of bankruptcy and have no clue about Chapter 11 reorganization to PAY OFF THE CREDITORS. (photo) Donald Trump has NEVER filed personal bankruptcy! Law Dictionary: How is Donald Trump Able to File for Bankruptcy So Many Times? http://thelawdictionary.org/article/how-is-donald-trump-able-to-file-for-bankruptcy-so-many-times/ Written by James Hirby | Fact checked by The Law Dictionary staff People might ask "How is Donald Trump able to file for bankruptcy...
  • Ivanka Trump Scarves Recalled Because Of "Burn Risk"

    04/06/2016 7:48:51 PM PDT · by Steelfish · 80 replies
    CBSNews ^ | April 6, 2016
    April 6, 2016 Ivanka Trump Scarves Recalled Because Of "Burn Risk" Scarves made in China and sold as part of Ivanka Trump's fashion line are being recalled because they are too flammable and pose a "burn risk" to consumers. The U.S. Consumer Product Safety Commission said Wednesday that no injuries have been reported. The recall involves about 20,000 rayon scarves, sold from October 2014 through January 2016 in department stores and online. They range in cost from $12 to $68. A representative for the Ivanka Trump brand, which includes clothing, accessories and fragrances, said that it is disappointed for the...
  • Republic Air files for bankruptcy protection, blames pilot shortage

    02/25/2016 3:32:07 PM PST · by tcrlaf · 14 replies
    Reuters ^ | 2-25-2015 | Traci Rucinski
    Regional carrier Republic Airways Holdings Inc filed for Chapter 11 bankruptcy protection on Thursday, blaming several quarters of falling revenue after having to ground aircraft amid a pilot shortage. The Indianapolis-based short-haul carrier, which feeds flights to American Airlines, Delta and United brands, listed assets of $3.6 billion and $3.0 billion of liabilities, court documents showed. Republic said the bankruptcy process would allow it to continue normal business while restructuring its finances and contracts. "We worked hard to avoid this step," Republic Chairman Bryan Bedford said in a statement but added that the restructuring would "restore our airline and take...
  • White House steps up aid for financially ailing Puerto Rico

    02/25/2016 9:49:05 AM PST · by Olog-hai · 23 replies
    Associated Press ^ | Feb 25, 2016 11:41 AM EST | Kevin Freking
    Hoping to spur economic development in financially ailing Puerto Rice, the White House said Thursday it will speed access to almost $400 million for roads and other public works projects on the island. [...] But the White House also said Congress needs to give Puerto Rico the ability to seek bankruptcy protection under a framework reserved for U.S. territories. That proposal has drawn objections in Congress, with some Republican leaders saying Puerto Rico has the tools to restructure a large portion of its debt voluntarily. ...
  • Boondoggle Train

    11/05/2015 10:55:03 PM PST · by Brad from Tennessee · 8 replies
    City Journal ^ | November 4, 2015 | By Chris Reed
    In November 2008, California voters narrowly approved Proposition 1A, which provided $9.95 billion in government money for a statewide bullet-train network. The initiative passed, even though the California High-Speed Rail Authority had been legally required to release a detailed, updated business plan by October 1 of that year, so that voters would have time to learn exactly how the state planned to finance what was then billed as a $43 billion project—and no updated plan was in view. Rail officials failed even to release a preliminary report before the election, claiming that state legislators’ long delay in passing the fiscal...
  • Mooch Gives Big US Money To Schools In Muslim Countries As Our Kids Struggle In Shoddy Public...

    10/30/2015 7:44:54 AM PDT · by blueyon · 7 replies
    Rickwells.US ^ | 10/30/15 | Rick Wells
    "Mooch Gives Big US Money To Schools In Muslim Countries As Our Kids Struggle In Shoddy Public Schools" All those black inner-city kids who are attending sub-standard, under-performing, often violent schools that could benefit from millions more in funding might want to sit up and pay attention to this information, of how their own racial blindness and with it their continued support of Democrats is damaging their own children. Their loyalty to Hussein Obama, which is based solely on his identifying as being black, continues to cost all Americans dearly, most particularly, poor kids in the worst schools, a high...