Clik here to view.
Chicago Sun-Times Joins the Bankruptcy List
Flickr photo by Abhi Here With over $800 million in debt, the Sun-Times Media Group filed for Chapter 11 bankruptcy today.Due to a decline in advertising revenue, this renders both of Chicago's major...
View ArticleChrysler takes the Studebaker road
Chrysler filed for Chapter 11 bankruptcy yesterday. It was the first major automaker since Studebaker in 1933 to attempt to restructure under bankruptcy. Three years later, Studebaker emerged from...
View ArticleOne Year On: The Fall of Lehman Brothers
All week long we are reviewing the year that was: the year that marked the beginning of the financial meltdown and the recession that we continue to live through. Today we are focusing on the $600...
View ArticleBankruptcies Rise as Medical Debt Mounts
In this weak economy, more and more Americans are filing for bankruptcy. Contrary to what you might expect, the biggest reason people are doing so isn’t excessive spending or job losses. According to a...
View ArticleTakeouts: Women Directors, NBA preview, Listeners on Credit
Business Takeout: New York Times business correspondent Louise Story tells us about a new investment fund focusing on companies with women on their boards of directors. Sports Takeout: Takeaway sports...
View ArticleTakeouts: Bailed Out and Bankrupt, Brett Favre, Listeners on Stimulus
Business Takeout: Retail lender CIT files for one of the biggest corporate bankruptcies on record, and takes $2.3 billion in bailout money with it. Louise Story, finance reporter for our partners The...
View ArticleOne Year After Bankruptcy, GM on Right Track
One year ago today, General Motors filed for bankruptcy and became the fourth largest U.S. bankruptcy on record. President Obama vowed to turn GM around and make it a profitable company once again. We...
View Article"Painter of Light" Goes Bust
When I came across the work of the painter Thomas Kinkade, almost a decade ago, I was fascinated and appalled. As you know if you listen to the show, I'm really not a snob -- I loved The Hangover, for...
View ArticleConsumers Shed $1 Trillion of Debt From 2008 Peak
Consumer debt continued to fall in the third quarter, but at a slower pace than previous quarters.The New York Federal Reserve reports that in the last two years, consumers have reduced their debt load...
View ArticleGM is Public Again
Neal Boudette, Detroit bureau chief for The Wall Street Journal, on GM's return to being a publicly traded company.
View ArticleWhat Does Bankruptcy Surge Across U.S. Mean for Recovery Chances?
As a measure of economic pain, bankruptcies carry a special power. A bankruptcy is more than losing one's job or home, it is essentially calling for a complete financial do-over.Since 2007, the number...
View ArticleHonolulu Symphony Files Chapter 7 Liquidation
Fourteen months after seeking Chapter 11 bankruptcy protection and canceling the 2009-2010 season, the Honolulu Symphony's board of directors voted to abandon efforts at bankruptcy reorganization and...
View ArticleRating vs. Resume: Can Bad Credit Kill Your Job Prospects?
We reported yesterday on a lawsuit brought against test-prep giant Kaplan by the Equal Employment Opportunity Commission, who accused the company of discriminating against African-American job...
View ArticleDoes Debt Discrimination Infringe On Your Civil Liberties?
We come back to an ongoing conversation as regards debt and unemployment in America. Last week we spoke with Takeaway and WDET listener Christine Tobin, from southeast Michigan. She told us she...
View ArticlePersonal Bankruptcies Up 9 Percent
Even though a law passed five years ago was supposed to curb them, personal bankruptcies were up 9 percent in 2010. They were highest in South Florida were filings were up a staggering 40 percent....
View ArticleWhy US Bankruptcies Have Reached a 5-Year High
America saw 1.53 million personal bankruptcy filings in 2010: a five-year high. The last time bankruptcies happened so frequently was in 2004, when consumers were trying to preempt strict laws that...
View ArticleShould States Be Allowed to Declare Bankruptcy?
Forty-four states and Washington, D.C. anticipate budget shortfalls of over $125 million by the end of fiscal year 2011, according to the Center on Budget and Policy Priorities. Many state policymakers...
View ArticleThe False Hope of State Bankruptcy
Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from the morning's political conversations on WNYC. Today on The Brian Lehrer Show, Nicole...
View ArticlePhiladelphia Orchestra Votes for Bankruptcy
Against the ostinato of a still-fragile economy, the board of the 111-year-old Philadelphia Orchestra voted to file for Chapter 11 bankruptcy on Saturday.The nearly unanimous vote made the orchestra,...
View ArticleFinancially Troubled Philadelphia Orchestra Announces Millions in Donations
The Philadelphia Orchestra has been called the Rolls Royce of orchestras, but lately it has experienced more trials than a recalled subcompact.The 111-year-old orchestra, which filed for bankruptcy...
View Article
