The Big Apple is in a fiscal crisis and facing another potential bankruptcy. Back in 1975, New York City was over $200 million in debt with a $1.5 billion deficit and a $12 billion budget. The city’s lawyers were prepared to file a bankruptcy petition with the State...
As much as I like gold, I’m not the biggest fan of the golden parachute, a euphemistic term denoting the generous severance pay awarded to high-level corporate executives who lose their jobs. Indeed, I’m hard-pressed to think of another stratum of society in which...
It’s something that true musicians largely suspected but have tried desperately not to think about. Unfortunately, though, a recent CNBC report indicated that legendary guitar-maker Gibson is facing bankruptcy. If the rumors are confirmed, the eroding brand of Gibson...
One of the shockwaves that erupted during the second half of market trading last week was Radioshack’s 35-percent closing performance on Friday, February 21st. After filing for Chapter 11 bankruptcy protection earlier this month accompanied by an announcement of...
Never give up. This is a phrase that is uttered nearly ubiquitously in the American cultural landscape, a verbal symbol of the nation’s unique rise to prominence through perseverance, fortitude, and good ‘ol fashioned moxy. While the sentiment is noble and...