Tag Archives: bankruptcy

As Goes Detroit, So Goes The Nation

Detroit has been bankrupt for years. It simply refuses to admit it. Detroit's schools are bankrupt as well. A mere 25% of students graduate from high school. Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled the bankruptcy trigger. In a futile attempt to stave off the inevitable one last time, Mayor Bing's latest plan is to cutoff city services including road repairs, police patrols, street lights, and garbage collection in 20% of Detroit. Bing to Cede 20% of Detroit to Gangs and Homeless Read more: http://www.businessinsider.com/detroit-garbage-pickup-bankruptcy-2010-12#ixzz181… added by: tverdell

On Today: Is The Tea Party Hurting The GOP?

It’s quite possible NBC’s Meredith Vieira has never shown more concern about the Republican Party’s ability to win elections than she did on Thursday’s Today show, of course that may be because conservative Tea Party candidates are now forcing out the more moderate members of its ranks. In a segment entitled, “Tea Time, Is The Tea Party Hurting The GOP?” the Today co-anchor invited on Republican Senator Jim DeMint to question if conservative candidates like Christine O’Donnell “can win in November?” To which DeMint responded that the conservative candidates he’s been supporting are doing just fine: “Well Meredith, they told me Marco Rubio couldn’t win. And he is blowing it away in Florida because he’s telling people the truth. And they said the same thing about Pat Toomey in Pennsylvania and Rand Paul in Kentucky. They’re well ahead in, in the polls because people want a change in Washington.” The following is the full interview with DeMint as it was aired on the September 16 Today show: MEREDITH VIEIRA: South Carolina Republican Senator Jim DeMint has endorsed a number of Tea Party candidates, including Delaware’s Christine O’Donnell. Senator DeMint, good morning to you. [On screen headline: ” Tea Time, Is The Tea Party Hurting The GOP?” ] SEN. JIM DEMINT: Hey good morning. VIEIRA: This morning’s New York Time notes the, New York Times, notes the clear divide within the Republican Party saying and I’m quoting here, “If ever there was proof that the Tea Party and the Republican Party do not necessarily go hand in hand, it is Christine O’Donnell’s victory over the establishment.” But the paper goes on to say that you, Senator, could be a model for how the two might coexist. How important is it to you, that this gap be bridged? DEMINT: It’s important because the Tea Party represents a broad cross section of the American people. And, and actually, it’s a small part of an American awakening of people who are concerned about the debt, the spending, massive growth of government and, and the takeovers. And, and really, what we’re doing here in Washington has united America. When I go to a Tea Party, 40 percent of the people there are independents and Democrats. And, and what I’m trying to do is help the Republicans here in Washington understand that the tea parties don’t want to be Republicans. We as Republicans need to embrace the ideas of balancing the budget, of trying to return some fiscal sanity here to Washington. You know and I’m not as concerned about what Christine O’Donnell said 14 years ago as I am that she’s gonna help us balance our budget here in Washington. VIEIRA: But, but, but Senator, if you’re trying to help your party, your party would argue that you’re really hurting the party. That these kinds of candidates cannot win general elections. DEMINT: Well the important thing to me, first, is to save our country. It’s really that critical. That these trivial political labels do not mean as much right now when we’re fighting for the survival versus the bankruptcy of our country. And I think the American people in Delaware, all over the country, want to see that sense of urgency from the people who represent them in Washington. They’re not concerned whether the Republicans get the majority or not, they want people in Washington who understand that balancing the checkbook is not an extreme idea. So- VIEIRA: But practically speaking, do you believe that these candidates can win in November? DEMINT: Well Meredith, they told me Marco Rubio couldn’t win. And he is blowing it away in Florida because he’s telling people the truth. And they said the same thing about Pat Toomey in Pennsylvania and Rand Paul in Kentucky. They’re well ahead in, in the polls because people want a change in Washington. And, and you really can’t change Washington unless you change the people who are here. And so I think that’s what you saw in Delaware, people are looking at what these candidates are going to do when they get to Washington, and they’re ready to throw out the bums and bring in new folks. And I think we’re gonna do that in November. VIEIRA: Are you ready, if these candidates were to be elected, or if the Republicans were to come into power or take over Congress, obviously, control of Congress, are you ready to take on a leadership role to challenge the current Republican leadership? DEMINT: Well I like our current leadership. Mitch, Mitch is doing a great job and so is John Cornyn, with our Senate committee. I’ve got the leadership role I want. I am head of the conservative steering committee within the Senate. I’m managing the Senate Conservatives Fund, which by the way is SenateConservatives.com if folks want to help some of these candidates. But I want to support our leadership team. And what we’re trying to do now is get a group of Republicans that provide a clear contrast with the Pelosi-Obama agenda, which is massive debt and government growth. I think- VIEIRA: Before I let you go, Senator, can I ask very, very quickly, you’re up for reelection this November and your Democratic opponent, Alvin Greene, has said repeatedly, that he would, he would want to debate you. Is that gonna happen? Will you debate him? DEMINT: We have no debates scheduled. And I’ve got a couple of opponents in South Carolina. But Meredith, my main opponents are here in the White House and in Congress. So that’s where I’m spending most of my time. VIEIRA: Alright. So that’s a no. Senator Jim DeMint, thank you very much. DEMINT: Thank you.

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On Today: Is The Tea Party Hurting The GOP?

Teasers For Cuban Zombie Ripoff Juan of the Dead Somehow Get Past Embargo

News trickled out of Cuba earlier this summer that filmmakers there planned Juan of The Dead , a horror comedy in which the titular hero takes aim at commie zombies with an oar. His husky ally tags along for comic relief and moral support. Sound familiar? Of course it does. It’s also actually happening , if two new teasers are any indication.

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Teasers For Cuban Zombie Ripoff Juan of the Dead Somehow Get Past Embargo

Blockbuster Plans to File for Bankruptcy

I truly, sincerely apologize for this, but: Talk about late fees! Blockbuster has told Hollywood movie studios that they plan on filing for Chapter 11 next month with the hopes of restructuring a “crippling debt load of nearly $1 billion” and escaping the leases on at least 500 of their 3,425 stores. Guess I should return that copy of My Cousin Vinny before it’s too late. [ LAT ]

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Blockbuster Plans to File for Bankruptcy

Teresa Giudice Files for Bankruptcy, Seeks "Fresh Start"

This is shocking. Who would have thought that a bunch of spoiled, self-centered women – only famous because Bravo has placed a TV camera in their faces – would have so many problems? There’s the Danielle Staub sex tape , of course (along with her past of drug use, arrests and rumored prostitution). And now there’s official word from Teresa Giudice that her and her husband have filed for bankruptcy. According to documents filed with the U.S. Bankruptcy Court in Newark, The Real Housewives of New Jersey star is over $8 million in debt. She and husband Joe owe more than $33,000 on credit cards, $85,000 for home repairs and $91,000 for materials used to construct their new home. Said Giudice to People : “While this is a personal matter, I realize that certain aspects of my private life will always be subject to scrutiny and distortion. What is true is that due to the economy, most of my husband’s real estate ventures failed despite his hard work and effort. As a result, we looked to the Bankruptcy Court for a fresh start.” Teresa claims she is learning from her financial mistakes, which recently included a lavish birthday party for their nine-year old daughter that would have made Donald Trump blush. Seriously, it’s hard for have any sympathy for these rich morons.

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Teresa Giudice Files for Bankruptcy, Seeks "Fresh Start"

Cassidy Slams HIV Rumors

Rapper Cassidy has lashed out at rumors he’s HIV positive amid allegations he passed on the virus to a female fan. Related posts: Lady GaGa Hermaphrodite Rumors Is she or isn’t she a hermaphrodite? The Lady… Topher Grace Dating Katie Cassidy? Actor Topher Grace has found love with David Cassidy… Naomi Campbell Denies Bankruptcy Rumors A representative for Naomi Campbell has dismissed rumors the… Related posts brought to you by Yet Another Related Posts Plugin . Continue reading

Michael Madsen — Go Big or Go Homeless

Filed under: Celebrity Justice Being broke usually means it’s time to make sacrifices, but not for Michael Madsen — dude declared bankruptcy, then allegedly racked up $80,000 in unpaid rent on a mansion … and now faces eviction.According to docs filed last Thursday in Los …

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Michael Madsen — Go Big or Go Homeless

Annie Leibovitz’s Financial Doomsday Clock Hits Midnight

Poor Annie Leibovitz can’t catch a break! An Italian photographer’s suing Leibovitz for allegedly stealing his work and passing it off as her own. Of course, that’s hardly the worst thing on her plate right now. According to Paolo Pizzett, the litigious Italian in question, Leibovitz had him shoot potential locations for an ad campaign she was working on with Italian coffee company LavAzza

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Annie Leibovitz’s Financial Doomsday Clock Hits Midnight

Barney Frank Demonstrates Precisely How to Handle Townhall Wingnuts

Last night Barney Frank held a health care town hall meeting in Massachusetts. Near the end, a woman stepped to the podium and asked, “Why do you continue to support a Nazi policy?” Frank then eviscerated her completely. It looks as though all of those shouting matches with Bill O’Reilly have taught Barney Frank a thing or two, because I don’t think he could have handled this more perfectly

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Barney Frank Demonstrates Precisely How to Handle Townhall Wingnuts

What Comes Next for Annie Leibovitz?

As information continues to drip out about Annie Leibovitz ‘s disastrous financial situation, her own personal D-Day is fast approaching. What happens on September 8, when her $24 million pawnshop loan comes due?

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What Comes Next for Annie Leibovitz?