Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $13,002
14%  
Woo hoo!!! And the first 14% is in!! Thank you all very much!! God bless.

Keyword: bankrupt

Brevity: Headers | « Text »
  • Is Nissan About to Go Belly Up?

    07/27/2019 9:43:24 PM PDT · by LibWhacker · 135 replies
    Eric Peters Autos ^ | 7/25/19 | Eric Peters
    Some very bad news today – for Nissan. Profits are down 99 percent. Not a typo. A near-total wipeout – which triggered the wiping out of 12,500 jobs, the immediate suspension of manufacturing in Indonesia and Spain and an announcement that Japan’s second-largest car company will reduce its model lineup by at least 10 percent by 2022. Nissan’s U.S. market share is down to 7.9 percent; it was 8.1 percent a year ago. It is quite possible there won’t be a Nissan by 2022. So, what’s gone awry? One thing – a thing which is going awry generally – is...
  • Congress must save pensions for 1.3M retirees: Fmr. House Speaker John Boehner

    07/21/2019 3:57:54 PM PDT · by Freedom56v2 · 86 replies
    Fox Business News ^ | 07/18/19 | Henry Fernandez
    Former House Speaker John Boehner and former Rep. Joe Crowley are joining forces in a bipartisan effort to combat a looming pension crisis affecting nearly 1.3 million American retirees Opens a New Window. Boehner, the Ohio Republican who retired in 2015, is part of the Retirement Security Coalition, a leading force that is raising awareness to the underfunded multiemployer benefit plans. “The job Joe and I have taken on is to try to elevate the seriousness of this problem," he told FOX Business’ Neil Cavuto Opens a New Window. on Thursday. "And Congress really does in fact need to act."...
  • NYC Could Go Bankrupt for First Time in 40 Years

    03/11/2019 7:46:37 AM PDT · by Enlightened1 · 29 replies
    Breitbart ^ | 03/10/19 | Katherine Rodriguez
    New York City is headed for financial ruin and could go bankrupt for the first time in 40 years, financial experts say. Financial experts predict that there are already signs the city is headed for financial disaster, as many individuals and businesses are leaving the city for lower tax areas and city government spending is at an all-time high. The last time the city came close to filing for bankruptcy was in 1975 when former President Gerald Ford refused to give the city a bailout package to settle its debt. “The city is running a deficit and could be in...
  • Bankrupt California Utility Shedding More Than $40 Billion Worth Of Green Energy Contracts

    01/30/2019 9:05:06 AM PST · by rktman · 58 replies
    dailycaller.com ^ | 1/30/2019 | T Pierce
    Pacific Gas and Electric (PG&E) may shed more than $40 billion worth of power purchase agreements after the California utility was driven into bankruptcy by liabilities for sparking deadly wildfires, The Wall Street Journal reports. PG&E wants the U.S. Bankruptcy Court in San Francisco to rule whether the company must honor $42 billion worth of contracts with about 350 different energy suppliers, mostly solar and wind plants. The court’s decision could have a major impact on California’s renewable energy industry and power makeup. Many green energy suppliers only do business with PG&E, California’s largest utility. Shedding those contracts would likely...
  • Sears may be down to its last 24 hours. Iconic retailer likely liquidates without bid by tomorrow

    12/27/2018 2:49:09 PM PST · by NRx · 228 replies
    CNBC ^ | 12-27-2018 | Lauren Hirsch
    Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces. But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is...
  • Sears Hires Advisers to Prepare Bankruptcy Filing

    10/09/2018 7:18:17 PM PDT · by rdl6989 · 76 replies
    wsj.com ^ | Oct. 9, 2018 | Suzanne Kapner, Lillian Rizzo and Soma Biswas Biswas
    Sears Holdings Corp. SHLD -5.99% has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.
  • 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,...