Tag Archives: bankruptcy
The Coming Debt Reckoning
American workers, as a whole, are facing a disagreeable disorder. Their debt burdens are increasing. Their incomes are stagnating. There are many reasons why. In truth, it would take several large volumes to chronicle all of them. But when you get down to … Continue reading
How to Kill a City Financially
There are pleasant hamlets where the radiant warmth of sunshine smiles down and sprinkles daily blessings and abundance. There are other places where the sun no longer shines. Remnants of past jollies cast shadows of decay. Sources of prosperity have … Continue reading
Detroit Bankruptcy Uncovers Disastrous Pension Fund Fudge Factor
Detroit filed the largest municipal bankruptcy case in U.S. History last Thursday. Then, on Saturday, Helen Thomas bit the dust. No doubt, both passing were long overdue. As far as we can tell, the demise of Helen Thomas and Motor … Continue reading
The Wrath of Ray Kroc
If you’re concerned the economy may be slipping back into a recession…guess what? We’re already in one. At least that’s what Lakshman Achuthan, Co-Founder & Chief Operations Officer of Economic Cycle Research Institute (ECRI), told Bloomberg TV on Tuesday. “What … Continue reading
