How Will PG&E Vankruptcy Affect Nuke Plant Shutdown? (tags)
PG&E's bankrupcy filing will, among other things, affect the scheduled shutdown of its Diablo Canyon nuclear plant on Central California's coast. But how?
PACIFICA RADIO BOARD SECRETLY OK'S BANKRUPTCY FILING & SEEKS NY SIGNAL SWAP (tags)
In secret meetings on Sept. 28 and Oct. 5, the Pacifica Foundation National Board, which governs the 5-station nonprofit progressive radio network, voted over strong opposition to authorize its executives to file for Chapter 11 bankruptcy and initiate an effort to make a lucrative deal to swap the frequency of iconic New York station WBAI with another station holding a less desirable signal position.
Trump Calls for Puerto Rico's Debt to be "Wiped Out" (tags)
In an interview with Fox News on Tuesday, President Trump called for Puerto Rico's debt to be wiped out.
Puerto Rico Board Meets on Anniversary of Debt Legislation (tags)
Puerto Rico's oversight board is holding its eighth public meeting in San Juan at the Sheraton Hotel Convention Center.
Wells Fargo Is Accused of Making Improper Changes to Mortgages (tags)
Wells Fargo has been accused in lawsuits of significantly extending mortgage loan terms of customers in bankruptcy without their knowledge.
Puerto Rico Religious Leaders Write Judge as Bankruptcy Process Begins (tags)
Puerto Rico religious leaders sent a letter to Judge Laura Taylor Swain as she presides over the first bankruptcy proceeding in San Juan to restructure more than $70 billion in debt.
Puerto Rico Bankruptcy Process Begins (tags)
Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan.
Puerto Ricans Gather at Diaspora Summit as Island Begins Bankruptcy Process (tags)
Puerto Ricans from across the United States and the Caribbean island are meeting in New York City to discuss the island's economic crisis.
Puerto Rico Oversight Board Meets as Bankruptcy Deadline Approaches (tags)
Puerto Rico's oversight board meets on April 28th in New York and could authorize a bankruptcy process for the debt ridden island.
Puerto Rico Religious Leaders Call for Bankruptcy Ahead of "Vulture Fund" Deadline (tags)
Before May, protections expire that shelter Puerto Rico from debt lawsuits and predatory financial groups popularly known as "vulture" funds.
Puerto Rico Oversight Board Mediates Last Ditch Debt Negotiations (tags)
Within weeks, Puerto Rico will likely enter bankruptcy proceedings tailored by Congress specifically for the US territory.
Supreme Court Hears Puerto Rico Bankruptcy Case (tags)
The US Supreme Court hears arguments on whether Puerto Rico's courts can restructure about $20 billion of the US territory's $72 billion debt.
Jubilee USA Launches Puerto Rico Radio Spots Ahead of Super Tuesday (tags)
The religious development coalition Jubilee USA is launching radio spots focused on Puerto Rico's debt crisis ahead of "Super Tuesday" presidential primary elections.
Congressional Hearing Examines Puerto Rico Debt Crisis (tags)
The US House of Representatives held its second hearing on Puerto Rico's debt crisis this year. The hearing focused on potential legislative solutions including bankruptcy protection and an economic oversight board
Puerto Rico Cuts Services as Budget Gap Grows (tags)
Puerto Rico's government continues to cut public services as the economic crisis worsens. The Government Development Bank announced this week that the island's budget gap is $2 billion higher than expected. The prison system in Puerto Rico can no longer pay a vendor that feeds inmates. Some special education teachers are no longer being paid.
Puerto Rico Plans to Default on New Year's Day (tags)
Puerto Rico plans to default on part of its $1 billion debt payment due January 1.
Congress Excludes Puerto Rico Bankruptcy Provision in Omnibus Bill (tags)
Extension of bankruptcy protection to Puerto Rico not included in Congress' omnibus budget deal.
Supreme Court to Review Puerto Rico Bankruptcy (tags)
The Supreme Court announced it will review a lower court decision blocking Puerto Rico from restructuring portions of its debt under the Puerto Rico Recovery Act.
Puerto Rico Avoids Default Governor Announces Revenue "Claw-Back" to Fund Government Ser (tags)
Puerto Rico doesn't default under outrageous debt structuring.
United Nations Votes for Global Bankruptcy Principles (tags)
Pope Francis Calls for Global Bankruptcy Process (tags)
Pope Francis called for an international bankruptcy process in a news conference as he left Latin America on Monday. According to the Associated Press, when asked about the Greek debt crisis, Francis stated, "if a company can declare bankruptcy, why can't a country do so and we go to the aid of others?" Francis offered further comments noting that too many countries are struggling with high debts and he suggested a United Nations bankruptcy proposal could be the solution.
At G7 Summit Trade and Debt Policies Take Center Stage; Bishops Call on G7 to Enact Global (tags)
G7, Jubilee USA Network, Debt
United Nations Votes for Process to Create Global Bankruptcy Framework (tags)
UN Process Could Limit Default and Stop Predatory Funds
UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds (tags)
The UN General Assembly votes Tuesday at 3pm (EDT) on a resolution that could create a global bankruptcy mechanism. Such a process could protect poor countries from predatory funds and limit future defaults. Jubilee USA's leadership, a group of religious leaders and financial experts sent a letter to United States UN Ambassador Samantha Power urging her to support the resolution.
International Monetary Fund Reviews International Bankruptcy Process for Sovereign Countri (tags)
International Monetary Fund Reviews International Bankruptcy Process for Sovereign Countries
Heiner Flassbeck on the US Budget Conflict (tags)
The current ceiling of $16.7 trillion will be reached on October 17. If the political camps cannot agree on a new upper limit, the largest economy of the world will be insolvent – with possibly disastrous consequences for the world economy. This October 2013 interview is translated from German
Detroit Symbolizes America's Decline (tags)
class war
October Surprise! Romney benefits $15 million from Obama auto bailout (tags)
We Americans have come to expect extraordinary events to occur before an important election day. When a National election is in play, however, the attempts to sway voter opinions assume more demonstrative proportions, whether from without or within, becoming what has euphemistically been called an “October Surprise."
US Cities Going Bankrupt (tags)
class war
Los Angles Dodgers screw Glendale, Arizona? (tags)
Los Angles Dodgers to screw the city of Glendale? Like the Coyotes did? On the other hand it sounds like the LA Dodgers have already screwed the city of Glendale taxpayers
Broken Dreams, Pre And Post Foreclosure (tags)
This story will take you into the world of pre and post Foreclosure crisis. The pain, suffering and never ending struggles of one American Family caught in the web of Financial greed by the biggest Financial Institutions in the world.
A Republican activist at KPFA? She is chair of the GOP in San Francisco and a rising star in her party. Her husband is a former KPFA board member who contributed $250 to the GOP last year.
Permanent Debt Bondage from America's Student Loan Racket (tags)
mega-theft
Labor's Last Stand in 2011? (tags)
The stage is set, and the main actors in Congress and in the corporate establishment are ready to perform, having rehearsed behind closed doors for the coming assault on organized labor's most powerful sector, public workers. The final preparations were smoothed out in Obama's tax "compromise" with the Republicans, which gave details of the drama's first act. The tax plan purposely did not include a critical element for state funding, called the Build America Bonds program (BAB), which allows recession-sunk states to easily borrow money from the federal government. In the face of enormous deficits, the states would be left to drown. Reuters blogger James Pethokoukis explains:
Mann Bracken: Sneaking Out the Back Door? (tags)
Something is not right about the Axiant bankruptcy. Know your rights and stand up for them!
GM's Turn on Obama's Chopping Block (tags)
The alarm bells should be ringing day and night about what’s being prepared at General Motors — the ripple effects could produce tidal waves. The Obama administration has made no secret about its plans for GM: the Chrysler bankruptcy was the “test case,” and now Obama’s Wall Street buddies inside the Auto Task Force plan to replicate it. The vast implications of the Chrysler bankruptcy went unnoticed by the mainstream media, concerned as it was with the convenient hype provided by Swine Flu.
targeting labor rights
Banks get Bailout,Public gets Credit Card Usury!!! (tags)
"If you're able to charge 30 percent or, in a payday lender case, 200 or 300 percent, you don't care so much if the loan-in fact, you actually want the loan not to be repaid. You want people to go into debt. You want to accumulate this interest. ..........................................................................
"Like the Shipwreck of the Titanic" (tags)
Around five million Americans have no job. "If nothing is done," the president warns, "the unemployment rated will soon be in double-digits." Whoever is unemployed in the US usually loses his health insurance and is threatened with personal bankruptcy.
Petition against the expropriation of french (and also européen) farmer’s famili (tags)
Hello, dear américain friends We invite you to see this petition below and if you are in agreement with its contents then why not add your signature? In advance thank you for your support
Unless things change fast, human history will show that the phenomenon of “retirement” was limited to one generation. After World War II, when European and Japanese economies stood in tatters, American capitalism could fulfill “the American dream,” since there was little foreign competition to speak of. For the first time ever, workers were promised that — after working thirty or so years — they would be able to securely retire. That was largely the case…for one generation.
Unbelievable U.S. Gov. Action (tags)
They are giving (8) trillion dollars of our tax money to the very guys who ripped us off in the first place
ECONOMIC CRISIS AFFECTS ELDERLY (tags)
Recession whatever they call it, marches on! They called it “ jobless growth”, a “slowdown” an economic crisis and all politicians call it except by its true name. Why are they so afraid of this word? Although it affects everyone, politicians and bourgeois econimist refuse to call it by its name. But the hard facts tells the truth. Now, the seniors and older Americans are the latest victims of these recession.
William Greider Raps Predatory Usury Schemes (tags)
How did the country get into this unholy financial mess? Think usury! Acclaimed author William Greider points the finger at banks, and people of great wealth, “taking advantage of poor people by lending them money on terms that are sure to fail.” He blames others, too, like “The Fed,” under the reign of Alan Greenspan, the U.S. Congress, and Wall Street. Mr. Greider charges that these parties worked to “castrate” the watchdogs.
PalCo Bankruptcy Plan; Maxxam Sells Redwoods to Developers (tags)
At Pacific Lumber's Chapter 11 bankruptcy hearings, parent corporation Maxxam (Houston, TX headquarters) submits plan in Corpus Christi court to sell land for development to pay off their debt to creditors and continue logging with even less restrictions on their remaining land. CA residents are excluded from any decision making process in the bankruptcy proceedings.
Maxxam Inc. Escapes CA for TX with Stolen Forests, Jobs & $$$ (tags)
Recent attempts by Maxxam Corporation to abscound with billions in profits as Pacific Lumber Chptr 11 Bankruptcy hearings begin. The location of the hearings should be in CA near the PL workers and their affected ecosystem where the damage occurred, yet Maxxam CEO Hurwitz engineered a ghost corporation 'Scotia Development' to hijack the right to attend bankruptcy hearings from the jobless PL workers..
Earth First Enemy, Pacific Lumber Co. files bankruptcy (tags)
Posting of a news story from the Santa Rosa California Press Democrat: about Pacific Lumber Co. filing bankruptcy. That is the lumber company that Juli Butterfly Hill was tree sitting about as an Earth First advocate. The question of Pacific Lumber spending too much money when they funded a recall campaign against the Humboldt County District Attorney that had charged them with fraud, is also posed. With a link to "Red Collar Crime" that is documenting the "political fallout" when criminal charges are filed against a corporation. at www.angelfire.com/nm/redcollarcrime
You be the judge: Is Renco robbing steelworker pensions? (tags)
The Renco Group, Inc., is threatening legal action against Workers World newspaper. Its owner is Ira C. Rennert, a billion aire speculator who deals in selling and buying companies, many in bankruptcy. Rennert is one of a growing breed of predators feeding off distressed companies.
It's official: Minuteman Jim Gilchrist is a nut! (tags)
Faced with increasingly tough questions from conservatives about his recently stated support for Peter Camejo, revolution and redistribution of the wealth, as well as his high praise of the Seattle anti-WTO demonstrators, Minuteman candidate says five Greens were charged for attempted murder in Garden Grove and that Greens are domestic terrorists.
A Shock and Awe Attack on American Workers (tags)
Congress has put workers the end of the list of those whose interests get protected in corporate bankruptcies. That is not just a crime, it’s a major battle in the corporate assault on working people.
News Junkie Scott's Blog (9/15/05) (tags)
Delta and Northwest airlines declare bankruptcy
Compassion, But Only When Cameras Are On (tags)
Congress is temporarily softening the bankruptcy bill and postponing Medicaid cuts, afraid to look mean to Katrina survivors, but when the waters have subsided, they’ll go back to screwing the poor as usual.
Pensions hijacked: Bankruptcy scam rips off 119,000 United workers (tags)
CHICAGO — “You might see me coming down the aisle 20 years from now with my walker,” said flight attendant Melissa Madden. Faced with the slashing of their pensions to the tune of $6.6 billion, she and other United Airlines flight attendants here warn that if United gets away with using bankruptcy to dump its pension obligations, the nation’s entire defined-benefit pension system — and the futures of the 44 million workers it covers — could come tumbling down. Retirement for American workers could become a thing of the past.
Drug Industry Is Being Deregulated (tags)
Are you in favor of deregulating the Drug Industry?
In an article written for the periocical, Korea AgraFood (April 2003), Mr. Lee Kyung-hae talks about his own personal experiences and the reasons why he opposed the WTO.
SAME
UN will sink into irrelevance -- Good! (tags)
The United Nations is on the verge of demonstrating finally and fatally its moral bankruptcy and its strategic irrelevance: moral bankruptcy, because it will have made a mockery of the very resolution on whose sanctity it insists; strategic irrelevance, because the United States is going to disarm Iraq anyway.
QUESTIONS TO PONDER WHILE WORLDCOM IS BROKE AND BANKRUPT (tags)
WORLDCOM BROKE AND AT THE BOTTOM STOCK MARKET DOWN AND DUMB WHERE IS OUR VICE PRESIDENT? WHERE IS MITCHELL CROOKS?
Enron Officials Snub Congress (tags)
Enron Corp., whose stunning collapse is being investigated by federal regulators and Congress, is declining to send any officials to a hearing Wednesday by two House panels.