In 2009, U.S. Shipping Partners LP accomplished what we believe was a completely unprecedented feat when they managed to confirm a bankruptcy plan of reorganization in the Southern District of New York that encumbered the new company with more debt than their investment bankers said the company was even worth.
Authored by Aaron Brown via Bloomberg.com,
The problems cryptocurrencies help solve will not disappear if their prices collapse the way tulip futures did in the 17th century.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon made news last week by criticizing bitcoin.
Asking a bank CEO what he thinks of bitcoin is like asking the head of the post office what he thinks of e-mail.
Over the weekend, we reported that vendors to iconic toy retailer Toys "R" Us had halted shipments over payment concerns and/or getting their receivables crammed down alongside other unsecured claims ahead of what appeared to be an imminent bankruptcy. Well, they were right, and according to Bloomberg a Chapter 11 filing by Toys "R" Us is to be expected as soon as tonight.
"A day above ground is a day to buy stocks..."
Trannies were weakest on the day as dip-buyers rescued stocks from red after a mid-afternoon slump...ugly close
Authored by Dr. Constantin Gurdgiev via MarketWatch.com,
The stagnation of real incomes from 1999 through today is structural, not cyclical...
Off the top, the figures published by the U.S. Census Bureau on Tuesday are encouraging: