Dennis Challeen: When jail becomes comfortable ... Jul 3, 2009
kb wrote on Jun 23, 2009 8:26 AM:" Me: most bankruptcy is because of medical bills...also handicapped, mental health issues, low IQ and many hard working people can't compete with the typical war cry of the conservatives: I got mine, arent I wonderful, screw you! Cognitive has a 29% to 60 % success rate according to U.S Dept of Justice and other studies...that beats jail with a minus .07%. Me: your comments are obviously not thought out. If jail as you say is used only to keep those who prey on... (Winona Daily News, MN)
Businesses hurt by UAW retirees' loss of benefits Jul 3, 2009
But it won't end up with as much business as it got from the two automakers, who negotiated with the United Auto Workers union to do away with the coverage as they headed into bankruptcy earlier this year. For dentists such as Timothy Bair and Kristy Beck-Bair at Dimondale Family Care near Lansing, the change likely will mean fewer patients, or at least fewer visits. (Ionia Sentinel-Standard, MI)
Senator: Spring Hill plant will survive Jul 3, 2009
As soon as the new GM comes out of bankruptcy, we should get that GM stock out of the hands of the government and into the hands of the 120 million Americans who paid taxes April 15, he said. Alexander also told the audience at Columbia s Memorial Building that the House of Representatives has gone in the wrong direction with its approval last Friday of a major energy-climate bill, which he called the economy-wide cap-and-trade bill. (Columbia Daily Herald, TN)
US musicians demand radio royalties Jul 3, 2009
Denis Wharton of the National Association of Broadcasters told me "this bill could have a decimating impact. It could force many stations into bankruptcy or closure". And he says the timing is awful, smack in the middle of the worst advertising recession for radio since the Great Depression. (BBC News -- Americas)
Gov't won't fund GM after July 10, official says Jul 3, 2009
The Detroit-based automaker, whose June 1 filing for bankruptcy protection was the fourth-largest in U.S. history, is hoping to avoid a lengthy court battle over the sale ... -based Chrysler's sale was approved by the bankruptcy court, the bondholder and consumer groups appealed the decision all the way up to the Supreme Court before it ultimately went through and Chrysler subsequently emerged from Chapter 11 as a new company. (Ionia Sentinel-Standard, MI)
Hecker's finances detailed in court filing Jul 3, 2009
5 million in assets, according to court documents filed Wednesday in U.S. Bankruptcy Court. Hecker, who in early June, said he owes $530. (Twin Cities Business Journal, MN)
Socialized medicine takes away freedom Jul 3, 2009
"RESULTS: Using a conservative definition, 62.1% of all bankruptcies in 2007 were medical; 92% of these medical debtors had medical debts over $5000, or 10% of pretax family income. The rest met criteria for medical bankruptcy because they had lost significant income due to illness or mortgaged a home to pay medical bills. Most medical debtors were well educated, owned homes, and had middle-class occupations. Three quarters had health insurance." " Phil wrote on Jul 1, 2009 10:00 AM:" xdfred... (Waterloo Courier, IO)
Teamwork kept local banks dry in tsunami Jul 3, 2009
"If anything was going to give, it would have given then," he said, referring to the "global turmoil" in the wake of the Lehman bankruptcy. In many countries, banking regulators repeatedly woke up to an unpleasant surprise. (Business Report, South Africa)
Ken Van Doren: Hope for America Jul 3, 2009
Instead of reducing the size and power of government in the face of impending bankruptcy, this administration seems hell-bent on destroying both our prosperity and liberty. This may not yet be our darkest hour, but the storm clouds are gathering. (La Crosse Tribune, WI)
Mandan projects take shape Jul 3, 2009
The national franchise has reorganized after the bankruptcy process. The Hopfaufs also hope to develop a property facade project for the block between Collins and First Avenue, known as G.P. (George Peoples) Row. (Bismarck Tribune, ND)
Michael Vick proposes more money for creditors in new bankruptcy plan Jul 3, 2009
(AP) Suspended NFL star Michael Vick would keep one vehicle, one home and a large assortment of furniture and personal items if his creditors and the judge who rejected his previous bankruptcy plan approve a revised one filed Thursday ... It would give Vick incentive to return to the NFL and take responsibility to pay his taxes and expenses, Vick's lawyers wrote in papers filed in U.S. Bankruptcy Court in Newport News ... U.S. Bankruptcy Judge Frank J. Santoro has scheduled a hearing on the new... (USA Today -- Sports)
Ruling awaited on GM Jul 3, 2009
NEW YORK The judge in the General Motors Corp. bankruptcy case adjourned a three-day hearing without indicating when he will rule on the company's plan to sell its good assets to a new company ... The Detroit car maker's June 1 filing for bankruptcy protection was the fourth-largest in U.S. history ... Last month, numerous objections also dragged out rival Chrysler LLC's sale hearing for three days before it was approved by the bankruptcy judge in that case. (The Clarion-Ledger)
Sputtering Michigan economy sees good news in car plant Jul 3, 2009
Because GM in recent bankruptcy proceedings announced closing seven plants in Michigan and the Orion plant was in current operation, we knew it would be an uphill battle ... St. Louis North is one of the five plants the company said it will close by the end of 2010, as they were considered bad assets under Chrysler s bankruptcy protection filing ... The St. Louis plant has been closed since Chrysler filed for bankruptcy protection in April, but it will briefly resume production for two weeks... (Helena Independent Record)
Church's cash handout part of 'faith stimulus' Jul 3, 2009
That's certainly true in Detroit, where the ranks of the needy have grown during the auto industry meltdown, highlighted by the bankruptcy of the General Motors Corp.. The Rev. David Eberhard, pastor of the 1,500-member Historic Trinity Lutheran Church in inner-city Detroit, said the project at the south Alabama church is "great if they've got the money.". (North County Times)
Small Businesses Vital to Economy Go Bankrupt Jul 2, 2009
Fewer people are starting small businesses, and firms already open are struggling under changing consumer habits, a lack of funding options and tougher bankruptcy laws. If a nationwide trend seen since January holds true, more than 300 businesses will file for bankruptcy today alone ... In April, the restaurant's owner, Eva Christian, was one of 8,149 U.S. business owners who filed for bankruptcy-court protection. (13WMAZ.com, GA)
Transeuro Energy Corp. Proposed Restructuring and Debt Retirement Plan Jul 2, 2009
The Borrower informs that it believes that it can offer all its stakeholders, including its bondholders, greater value by pursuing a restructuring rather than bankruptcy and is seeking support for this proposal ... The Borrower considers the option of bankruptcy as an undesirable alternative. (CCNMatthews Press Releases)
Lear to File for Bankruptcy in Accord Giving Auto-Parts Maker $500 Million Jul 2, 2009
Lear Plans to File Bankruptcy After Lenders Agree to Terms - Bloomberg ... Lear Plans to File Bankruptcy After Lenders Agree to Terms ... July 2 (Bloomberg) -- , the worlds second- largest maker of automotive seats, plans to file for Chapter 11 bankruptcy after reaching an agreement with representatives of secured lenders and bondholders. (Bloomberg)
Unwinding AIG Prompts Pasciucco to Ponder Trades Risking Systemic Failure Jul 2, 2009
It was AIGs gambits on debt that brought the worlds largest insurance company to the edge of bankruptcy last September. On Sept. 15, the company lost its AA- -- it had already been downgraded from AAA in 2005. (Bloomberg)
James Howard Kunstler on Michael Jackson as America Jul 2, 2009
01 July kickoff for State of California bankruptcy, Officially $21 billion in the crapper (but closer to $50 billion given debts pushed into the future). CA treasury is nothing but gas fill 01 August, even by optimistic projections. (Harper's Magazine)
Realty inks Yesner & Boss deal Jul 2, 2009
The St. Petersburg real estate and bankruptcy law firm will provide corporate counsel for Prudential Tropical offices all over the Tampa Bay region including St. Petersburg, Temple Terrace, Brandon and the Pinellas beaches, according to a release ... Yesner & Boss was founded in 2004, according to the firm s Web site, and specializes in real estate, foreclosure defense, bankruptcy, evictions, and corporate planning and probate. (Tampa Bay Business Journal, FL)
Regions Bank gets control of Treasure Island Tennis & Yacht Club Jul 2, 2009
The changing of hands was part of a revised reorganization plan filed in March by the Tennis & Yacht Club following its Chapter 11 bankruptcy. The court s ruling today provides a mechanism for a distinct bank subsidiary to take total ownership of all club assets in a manner that is faster, less expensive and least intrusive to the operation of the club, said John Anthony of , who represented Regions Bank in the bankruptcy, in a statement ... When the Tennis & Yacht Club filed for bankruptcy, it... (Tampa Bay Business Journal, FL)
18 months in prison for Blago investigation doctor Jul 2, 2009
Silldorf e, LLP Expands Practice Into Bankruptcy ... The firm concentrates their practice on complex civil litigation and recently announced a joint venture with Bankruptcy Attorney Jon Cooper ... Firm partner Howard Silldorf explains, "Due to a strong demand from our clients, Silldorf e, LLP has expanded its practice to represent consumers in the area of bankruptcy.". (Fresno Bee -- Nation)
Socialized medicine takes away freedom Jul 2, 2009
"RESULTS: Using a conservative definition, 62.1% of all bankruptcies in 2007 were medical; 92% of these medical debtors had medical debts over $5000, or 10% of pretax family income. The rest met criteria for medical bankruptcy because they had lost significant income due to illness or mortgaged a home to pay medical bills. Most medical debtors were well educated, owned homes, and had middle-class occupations. Three quarters had health insurance." " Phil wrote on Jul 1, 2009 10:00 AM:" xdfred... (Waterloo-Cedar Falls Courier)
Mandan projects take shape Jul 2, 2009
The national franchise has reorganized after the bankruptcy process. The Hopfaufs also hope to develop a property facade project for the block between Collins and First Avenue, known as G.P. (George Peoples) Row. (Bismarck Tribune, ND)
Slower auto sales decline is good showing Jul 2, 2009
Even Chrysler, which emerged from bankruptcy protection early in June, saw its decline shrink ... "At a time when they are emerging from bankruptcy and trying to reinvent themselves, it is not a huge surprise," Mr. Toprak said. (The Augusta Chronicle)
Editorial: Plenty of blame in budget games Jul 2, 2009
The latest pay cut will drive some of these workers into desperate financial straits, perhaps even bankruptcy and the loss of their homes. This is unconscionable. (Sacramento Bee -- Opinion)
AP Executive Morning Briefing Jul 2, 2009
NEW YORK (AP) - Facing a July 10 government funding cutoff, General Motors Corp. is calling for quick approval of its bid to sell its "good" parts into a new company and emerge from bankruptcy protection. A bankruptcy court hearing on the sale enters its third day Thursday. (Fresno Bee -- Business)
Opus West planning to file for Chapter 11 Jul 2, 2009
Opus West Corp., one of Arizona's largest developers of commercial property, plans to file for Chapter 11 bankruptcy reorganization this month ... The company will file in U.S. Bankruptcy Court in Dallas, she said ... Opus South, based in Atlanta, filed for Chapter 11 bankruptcy protection in April. (AZCentral -- Business)
Enron's Skilling May Report to Federal Prison Today Jul 2, 2009
Skilling maintains his innocence and said he was made a scapegoat in Enron's collapse and bankruptcy. Skilling, who transformed Enron from a sleepy pipeline company into the world's largest energy trader before the company plunged into bankruptcy in 2001, has been under house arrest in his 9,215-square-foot Mediterranean mansion in Houston's River Oaks section. (Yahoo News -- Enron)
Developer Opus East files Ch. 7 bankruptcy Jul 2, 2009
Rockville developer Opus East LLC filed for Chapter 7 bankruptcy Wednesday, less than two weeks after relinquishing its development rights to a massive business park at Aberdeen Proving Ground ... In its bankruptcy filing, the company listed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. (Baltimore Business Journal, MD)
Patients Praise Jackson's Doctor Jul 2, 2009
Five tax liens were also filed against him between 1993 and 2003, amounting to more than $44,600, county records show, and in 1992, Murray filed for bankruptcy in California. Murray has no history of discipline in the three states in which he's licensed to practice California, Nevada and Texas. (Fox News)
Upbeat Opening Act to Wall Streets Jul 2, 2009
Upbeat Opening Act to Wall Streets 3Q - FOXBusiness. Existing users please login. (Fox News)
Gov't won't fund GM after July 10, official says Jul 2, 2009
The Detroit-based automaker, whose June 1 filing for bankruptcy protection was the fourth-largest in U.S. history, is hoping to avoid a lengthy court battle over the sale ... I can t recall a knowledgeable person who thought General Motors could survive under bankruptcy, Wilson said ... -based Chrysler s sale was approved by the bankruptcy court, the bondholder and consumer groups appealed the decision all the way up to the Supreme Court before it ultimately went through and Chrysler... (Orangeburg Times and Democrat, SC)
Church's cash handout part of 'faith stimulus' Jul 2, 2009
That's certainly true in Detroit, where the ranks of the needy have grown during the auto industry meltdown, highlighted by the bankruptcy of the General Motors Corp.. The Rev. David Eberhard, pastor of the 1,500-member Historic Trinity Lutheran Church in inner-city Detroit, said the project at the south Alabama church is "great if they've got the money.". (North County Times)
Sputtering Michigan economy sees good news in car plant Jul 2, 2009
Because GM in recent bankruptcy proceedings announced closing seven plants in Michigan and the Orion plant was in current operation, we knew it would be an uphill battle ... St. Louis North is one of the five plants the company said it will close by the end of 2010, as they were considered bad assets under Chrysler s bankruptcy protection filing ... The St. Louis plant has been closed since Chrysler filed for bankruptcy protection in April, but it will briefly resume production for two weeks... (Helena Independent Record, MT)
Why did the Winona district shift some funds instead of cut more from the budget? Jul 2, 2009
A district must maintain a healthy fund balance in its general fund, or risk essentially going into bankruptcy ... being made now so that it doesn t go into bankruptcy in two years ... deficits to avoid bankruptcy. (Winona Daily News, MN)
Dennis Challeen: When jail becomes comfortable ... Jul 2, 2009
kb wrote on Jun 23, 2009 8:26 AM:" Me: most bankruptcy is because of medical bills...also handicapped, mental health issues, low IQ and many hard working people can't compete with the typical war cry of the conservatives: I got mine, arent I wonderful, screw you! Cognitive has a 29% to 60 % success rate according to U.S Dept of Justice and other studies...that beats jail with a minus .07%. Me: your comments are obviously not thought out. If jail as you say is used only to keep those who prey on... (Winona Daily News, MN)
Franken Declared Winner Jul 2, 2009
The Democrats have spent us into near bankruptcy, maxed out the taxpayers credit and are poised to raise taxes on an unprecedented scale through a national energy tax, possible national VAT sales taxes and health care taxes, to name just a few. For conservatives looking forward to 2010 with great anticipation, Franken s presence could be the cherry on top of the sundae. (Human Events Online)
Swan's cash handouts stimulate shoppers Jul 2, 2009
Holden shrugged off the bankruptcy of its parent, General Motors, to record a slight increase in sales overall. Ford was down slightly. (Sydney Morning Herald -- Australia)
Candidate John Kasich seeks to phase-out state income tax Jul 2, 2009
After leaving Congress in 2000, he became a managing director at Lehman Brothers, the investment-banking firm that filed for bankruptcy last year. To improve the economy in Cleveland and Ohio, Kasich wants to gradually phase out the state income tax and eliminate the inheritance tax. (Cleveland Jewish News, OH)
Jackson Will Includes Motown Icon, Not Ex Jul 2, 2009
July 7, 2009 isn't even here yet" Really? Durn - now I gotta reschedule all my appointments! Thanks! by Blatensphere July 1, 2009 9:46 AM PDT His will was dated July 7, 2009??? MJ owned a time machine! by Berkeley_Skirt_Lifter July 1, 2009 9:53 AM PDT ""According to the will, dated July 7, 2002..."" str8 from the article...i guess they corrected it. by Berkeley_Skirt_Lifter July 1, 2009 9:55 AM PDT bottom line...who give a flyin' expletive about this freakazoid or his will? So what...he didn't... (CBS News)
June Sales Hint at Recovery for Carmakers Jul 2, 2009
Despite entering bankruptcy, General Motors' showroom sales jumped 10 percent in June - the fourth straight increase - as GM and the industry had their best month so far this year ... Even Chrysler, which emerged from bankruptcy protection early in June, saw its decline shrink, albeit to a dismal 42 percent year-over-year drop ... "At a time when they are emerging from bankruptcy and trying to reinvent themselves, it is not a huge surprise," Toprak said. (CBS News)
Midway sale to Warner Bros. approved by court Jul 2, 2009
Entertainment Group was approved Wednesday by a Delaware bankruptcy court judge ... Midway Games filed for Chapter 11 bankruptcy protection in February not long after media mogul Sumner Redstone sold his majority stake in the firm ... Bankruptcy court judge orders bidding for Sheldon Good tart at $1. (Crain's Chicago Business)
Trustee: $231 million so far for Madoff victims Jul 2, 2009
The figures were announced on the eve of a deadline for Madoff victims to file claims with Picard under the supervision of a Manhattan bankruptcy judge. The trustee has so far received more than 10,000 claims. (MSNBC -- Business)
DeKalb amusement park fails to develop Jul 2, 2009
The forced sale promises to end a wild ride for the would-be amusement park developers that included a bankruptcy filing and a multi-million lawsuit from an Atlanta contractor claiming it had not been paid. In September 2007, the developers, Atlanta-based Top Flight Development Group. (Atlanta Journal-Constitution)
Senator confident Spring Hill plant will continue Jul 2, 2009
As soon as the new GM comes out of bankruptcy, we should get that GM stock out of the hands of the government and into the hands of the 120 million Americans who paid taxes April 15, he said. Like Green Bay Packers ticket holders, they are the people who own the company now. (Columbia Daily Herald, TN)
Former HealthSouth Executive Gets Prison Time Jul 2, 2009
When the fraud was uncovered in 2003, HealthSouth was nearly forced into bankruptcy. Scrushy is serving almost seven years in prison after being convicted with former Gov. Don Siegelman in a state bribery conspiracy. (ABC News -- Wire)
Complex on block for $3M Jul 2, 2009
The King Kalakaua Plaza, a struggling Waikiki retail complex that cost $42 million to develop and build, is scheduled to be sold for $3 million as part of the bankruptcy by investment bank Lehman Brothers Holdings. A motion filed in a New York bankruptcy court Monday says a Lehman Brothers subsidiary will sell the 81,000-square-foot leasehold center on July 13 to a Nevada company unless another buyer steps forward with a better offer ... Lehman "has determined that the property represents a... (Honolulu Advertiser)
Hearing on telecom bid today Jul 2, 2009
U.S. Bankruptcy Judge Lloyd King will hold a hearing today over whether Hawaiian Telcom should open up the sales process to outside bidders like Sandwich Isles or whether Hawaiian Telcom is free to proceed with its own deal on an exclusive basis ... The 126-year-old Hawaiian Telcom filed for bankruptcy protection Dec. 1 due to mounting debts and the loss of thousands of customers to wireless and other competitors. (Honolulu Advertiser)
Vick leaves construction job to work with kids Jul 1, 2009
Vick's lawyers were in U.S. Bankruptcy Court in Norfolk on Tuesday. Attorney Paul Campsen outlined the highlights of Vick's revised bankruptcy plan, which was still being drafted, at a status hearing ... Campsen assured U.S. Bankruptcy Judge Frank J. Santoro that he will have no trouble filing the document by Thursday's deadline. (ESPN -- Football)
EXCLUSIVE: Jim DeMint's Formula for Saving Freedom Jul 1, 2009
What we needed to do is let these companies go into real bankruptcy where they can throw those union contracts out the window ... What would have done more to put unions in line where they needed to be is if we essentially allowed General Motors and Chrysler to go through a real bankruptcy. (Human Events Online)
Barbara Worth Resort owners remains mum Jul 1, 2009
Imperial County Assessor Roy Buckner said he didn t have any confirmation of the rumored bankruptcy of Barbara Worth Golf Resort, while assistant assessor Jack Dunnam said his office has not been notified of any change in ownership. Sandra Gonzalez, a former housekeeper for the facility s hotel, came to Barbara Worth on Tuesday afternoon hoping for a final paycheck. (El Centro Imperial Valley Press, CA)
Real Estate Outlook: Change Anticipated Jul 1, 2009
The Obama administration is also likely to institute an immediate ban on all foreclosure actions, possibly for three months, and is certain to enact bankruptcy reform legislation allowing judges to modify mortgage terms to forestall foreclosures. Why's this important for anyone involved in real estate. (RealtyTimes)
Short-Sale Pre-Foreclosure Investing Jul 1, 2009
I'm going to show the bank all the reasons why they should take less on my deal right now as opposed to letting it go to the foreclosure process, possibly bankruptcy, eviction and a month on the market once they try to retail it. I'm going to try to build a case and show them all the reasons why they should take less than try to buy that house for 50 percent of the value. (RealtyTimes)
Washington Report: Expectations for Housing Jul 1, 2009
A second high priority: Passing legislation allowing bankruptcy judges to step in to prevent foreclosures by unilaterally reducing the monthly payments, interest rates and principal balance for owners who file for bankruptcy. A third item that's likely to be passed quickly: A return to last year's higher mortgage limits for high-cost areas around the country. (RealtyTimes)
Southern Community warns of charge-offs Jul 1, 2009
The bank said it may not be able to recover any of those assets in Lehman s bankruptcy proceedings. Reader Comments. (Business Journal of the Greater Triad Area)
Candidate John Kasich seeks to phase-out state income tax Jul 1, 2009
After leaving Congress in 2000, he became a managing director at Lehman Brothers, the investment-banking firm that filed for bankruptcy last year. To improve the economy in Cleveland and Ohio, Kasich wants to gradually phase out the state income tax and eliminate the inheritance tax. (Cleveland Jewish News, OH)
Industry Leaders Welcome FSA Regulation of Sell and Rent Back (SARB) Market Jul 1, 2009
Jason Shaw at MPG Investments said, "Reputable cash home buyers such as MPG can offer a lifeline to householders in financial difficulty with a quick house sale: the difference between being able to rebuild their finances, and and bankruptcy. "This is where such as MPG really help people. All the time a property remains unsold on the market, it is losing value every day, and agency fees continue to eat into a property's value. (PR Newswire)
Source: Jackson named his mother as guardian Jul 1, 2009
Experts said the personal bankruptcy of Jackson's parents in 1999 could work against Katherine taking control of the estate. Court documents show Katherine and Joe Jackson filed for Chapter 7 and listed nearly $24 million in debts that included court judgments, auto loans and credit cards. (Athens Banner-Herald)
Bankruptcy plan Jul 1, 2009
Campsen assured U.S. Bankruptcy Judge Frank J. Santoro that he will have no trouble filing the document by Thursday's deadline ... Once the NFL's highest-paid player, Vick filed for Chapter 11 bankruptcy protection in July 2008, listing assets of $16 million and liabilities of $20. (Atlanta Journal-Constitution -- Sports)
Syncora Holdings Ltd. Announces Results of Director Elections Jul 1, 2009
These factors include, but are not limited to: Syncora Guarantee's ability to close the master transaction agreement with certain counterparties to Syncora Guarantee's credit default swap ("CDS") contracts (the "2009 MTA") and the tender offer for certain residential mortgage-backed securities ("RMBS") insured by Syncora Guarantee (the "RMBS Tender Offer"); the suspension of all claims payments; Syncora Guarantee's ability to maintain minimum policyholders' surplus even if it closes the 2009 MTA... (PR Newswire)
Developer files for 2nd bankruptcy Jul 1, 2009
Financially embattled developer Brian Anderson is seeking bankruptcy protection for another of his companies, some three months after a foreclosure lawsuit was filed against it. On Friday Anderson petitioned for a Chapter 11 bankruptcy reorganization for his Anekona LLC, a company that was sued in March over a $17 ... The bankruptcy is the second by a company linked to the developer whose real estate fortunes have sunk, in part because of the credit crunch and a downturn in real estate markets. (Honolulu Advertiser)
Accident Victims Stand to Lose in GM Deal Jul 1, 2009
Accident victims and others suing General Motors are ending up at the back of the line for payments under GM's bankruptcy reorganization, reports Randall Pinkston ... But when GM went into bankruptcy last month, the Dinnegan's case was put on hold and may never be heard in a courtroom ... That means the new GM will not be responsible for any claims filed before the June 1 bankruptcy. (CBS News)
TEA parties planned in SJ, Niles (889) Jul 1, 2009
" ..is the same old "would you like fries with that" economic thinking.Would you mind pointing out the "nice roads and safe streets" clause in the US Constitution? The Tea Parties are about out of control taxing and spending by BOTH parties, and the overreaching authority of the Feds.If massive government spending and taxing is such a panacea, why is California, like a good portion of the LIBERAL run government entities across the country , on the verge of bankruptcy? ". Gary wrote on Jun 30,... (The Herald-Palladium)
Gannett to Lay Off More Than 1,000 Jul 1, 2009
To cope, the troubled publishers have trimmed their payrolls, lowered wages and, in the most extreme cases, filed for bankruptcy protection. Gannett tried to save jobs by forcing most of its U.S. employees to take at least two weeks of unpaid leave during the first half of this year. (CBS News)
