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Treasurer Tim Cahill ripped Gov. Deval Patrick and President Obama this morning for health care initiatives that the independent gubernatorial hopeful alleged will “bankrupt the country in four years.†“Last week Gov. Patrick criticized me as ‘missing in action’ on the issue of health care in Massachusetts,†Cahill said. “In reality, I’ve been critical of Gov. Patrick’s implementation and management of the Massachusetts universal health care program for a long time.†Cahill alleged the governor has “spent like we’re in a booming economy at a time when we’re experiencing the worst economic crisis since the Great Depression.†“If President Obama...
Published on Wednesday 17th of March 2010 08:13:07 AM
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Since President Barack Hussein Obama was inaugurated into office a bit less than 14 months ago, Obama, Pelosi, and Reid have increased the total combined national debt by more than two trillion dollars: Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding 01/20/2009 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08 03/15/2010 8,152,640,856,906.57 4,484,022,099,233.50 12,636,662,956,140.07 In this time period, the debt has increased precisely...
Published on Wednesday 17th of March 2010 08:13:07 AM
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Posted by admin! / Under Bankruptcy
CHICAGO: US first lady Michelle Obama's favourite city-based designer Maria Pinto is going out of business as sales have waned in a bad economy. Pinto, whose clientele also includes talk show host Oprah Winfrey, is closing her store Lola Black LLC. In a five-day sale starting here next week, her collection of daywear, eveningwear and accessories would be liquidated at 50-70 per cent off. Her designs were carried by major stores like Bergdorf Goodman, Saks Fifth Avenue, Barneys and Takashimaya in New York, as well as high-end boutiques across the country, reported Chicago Tribune. But the designer hit a rough...
Published on Wednesday 17th of March 2010 08:13:07 AM
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For the year that it took the court-appointed examiner to complete his report on the demise of Lehman Brothers, officials from Wall Street to Washington were anticipating it as the definitive account of the largest bankruptcy in American history. And the report did just that when it was unveiled on Thursday, riveting readers with the exhaustive detail contained in its nine volumes and 2,200 pages. Yet almost immediately, it raised a host of new questions. Now government regulators have what some lawyers call a road map for further inquiry into former Lehman executives like Richard S. Fuld Jr. and the...
Published on Wednesday 17th of March 2010 08:13:07 AM
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Posted by admin! / Under Bankruptcy
Almost 80 percent of National Football League players are flirting with bankruptcy two years after they retire, according to Sports Illustrated. NBA players aren’t faring much better. 60 percent of former National Basketball Association players end up broke within five years of retirement. Athletes squander millions of dollars due to bad decisions, lavish spending and poor financial planning. Here is a list of athletes that have lost their fortunes through some of the biggest financial blunders of all time...
Published on Wednesday 17th of March 2010 08:13:07 AM
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