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Open thread for night owls: Government by the rich, for the rich
In Rolling Stone , Tim Dickinson relates how the GOP became the party of the rich: Taken together, the Bush years exposed the bankruptcy behind the theory that tax cuts for the rich will spur economic growth. 'Let the rich get richer and everybody will
Updated: 11/10/2011 01:37A
Romney Defends Auto Bailout Opposition in His Native State
California, Massachusetts and Illinois round out the top five in the Bloomberg Economic Evaluation of States Index, which uses data on real estate, jobs, taxes and stock prices to measure the growth rate in 50 states and the District of Columbia.
Updated: 11/10/2011 01:35A
Grocery Program Returns with New Ministry, Same Churches
LEXINGTON, NC (WGHP) -- One Harvest Food Ministry is providing food to local churches after Angel Food Ministries filed for bankruptcy earlier this year. The Georgia-based nonprofit has started a service that will provide hundreds of people with
Updated: 11/10/2011 01:34A
Amidst Bankruptcy Scandal - SME General Manager Abruptly Retires
By KFBB News Team The General Manager of Southern Montana Electric has abruptly retired as the Billings-based wholesale electric supplier reorganizes under Chapter 11 Bankruptcy. Tim Gregori retired Tuesday, he has been replaced on an interim basis by
Updated: 11/10/2011 01:23A
MF Global/Europe sovereign debt
MF Global, which had reported a total exposure of $6.3bn (4.6bn) as of September 30 to European sovereign debt, is believed to have sold about $1.5bn of the portfolio just before the securities firm filed for bankruptcy on October 31.
Updated: 11/10/2011 01:22A
Romney Defends Auto Aid Opposition in Michigan Debate
10 (Bloomberg) -- Mitt Romney, debating Republican presidential rivals in Michigan last night, defended his opposition to a government bailout that saved tens of thousands of jobs at Chrysler Group LLC and General Motors Co.
Updated: 11/10/2011 01:21A
Alabama county files largest municipal bankruptcy in U.S. history
Leaders of debt-hobbled Jefferson County in Alabama voted Friday to file for bankruptcy -- the largest municipal bankruptcy in US history. As recently as September, county officials had approved a tentative settlement with creditors in hopes of
Updated: 11/10/2011 01:14A
Chief US Bankruptcy Judge for Northern Alabama will oversee Jefferson County
By Kent Faulk -- The Birmingham News The Jeffco courthouse was all quiet after Jefferson County Commissioners decided to file chapter 9 bankruptcy Wed., Nov. 09, 2011 in Birmingham, Ala. (The Birmingham News/Bernard Troncale).
Updated: 11/10/2011 01:11A
Briefs: Alabama county votes to declare bankruptcy
Leaders of Alabama's most populous county on Wednesday voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Two months after it seemed Jefferson County had struck a deal to settle the debt,
Updated: 11/10/2011 01:11A
Insight - Clients who fled MF Global face clawback risk
Ronald Filler, a professor of law at New York Law School who also worked on the Lehman Brothers bankruptcy, said that to the best of his knowledge, case law on this matter is nonexistent. In the cases of Lehman Brothers, Bear Stearns and former FCM
Updated: 11/10/2011 01:08A
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