On AlterNet: bankruptcy

Stories, blog posts, and videos tagged as "bankruptcy"

Hostess Brands Uses Bankruptcy Court to Screw Workers Out of Pensions, Benefits

Bruce Vail, In These Times. May 14, 2012.

A judge allows the company to cancel its union contracts; on the same day, the Twinkie-maker sends lay-off notices to all 18,500 workers.

As Calif. Goes Bankrupt, State Employees Rake In Vacation Time, 6-Figure Severances

Chase Davis, California Watch. February 27, 2010.

State officials have let employees amass vast amounts of leave time and end their careers with six-figure payouts – one topping $800,000, an investigation has found.

Adios, Air America

Don Hazen, AlterNet. January 21, 2010.

Air America has just announced that they're declaring bankruptcy and will cease operations.

No Matter Who Loses, Goldman Sachs Wins

Digby, Hullabaloo. October 6, 2009.

Goldman stands to receive a payment of $1 billion -- while U.S. taxpayers would lose $2.3 billion -- if embattled commercial lender CIT files bankruptcy.

How Obama's 'Car Czar' Steve Rattner Is Bankrupting GM

Greg Palast, GregPalast.com. June 4, 2009.

Stevie the Rat has a sinister plan for GM: grab its worker pension funds to pay off $6 billion in loans to the likes of JP Morgan and Citibank.

Michael Moore: 10 Steps Obama Should Take for the Future of GM

Michael Moore, MichaelMoore.com. June 1, 2009.

The President -- and the United Auto Workers -- must seize this moment and create a big batch of lemonade from this very sour and sad lemon.

Health Insurance Bankrupts Americans

Deepak Bhargava, Center for Community Change. May 31, 2009.

Without a public plan we will continue to lack a way to force improvements in private plans.

In Their Own Words: Why Dem Senators Screwed Homeowners

Ryan Grim, Huffington Post. May 1, 2009.

Only 45 Senate Democrats voted Thursday to oppose the banking industry and pass legislation aimed at stemming foreclosures.

Bankruptcy Would Be Tinkering Around the Edges of Detroit's Problems

Mark Brenner, Mischa Gaus, Jane Slaughter, Labor Notes. April 1, 2009.

If the car companies are too big to fail, too poorly run to put right, it’s time to take them over.

America's Municipal Meltdown: It's Tough Times for Troubled Towns

Nick Turse, TomDispatch.com. February 23, 2009.

Small towns are feeling the pain far worse than the rest of us, and no one knows how to stop the bleeding.

Stimulus Stagnation: Bipartisanship Is Sunk

Zach Carter, Media Consortium. February 3, 2009.

Lawmakers who actually care about the fate of the U.S. economy are furious.

Everyone's Feeling Economic Pain, But It's Hitting Minorities Worst of All

Valeria Fernandez, Colorlines.com. January 19, 2009.

Latinos and Blacks are feeling the effects of foreclosures, job losses and increased debt most acutely.

The Newspaper Industry Is Dying Before Our Very Eyes

Bill Boyarsky, Truthdig. December 18, 2008.

Newspaper management is hastening the industry's demise by chasing away talented journalists.

Medical Bills Stack Up, Americans Pack Up

Ella Hushagen, Stand Up for Health Care. September 29, 2008.

Medical debt is closely tied to the mortgage crisis that's pushing working families out of their homes and our economy to the brink of collapse.

Tom Friedman Blames the Victim for Subprime Values

Lindsay Beyerstein, Majikthise. May 7, 2008.

The New York Times columnist is completely out of touch with the reality of ordinary Americans.

Real Furniture Isn't for People with College Loans

Meg Favreau, The Smart Set. May 3, 2008.

It's people like me buying IKEA furniture that put my father's mill out of business.