Tag Archives: Bankruptcy

Detroit, Facing Bankruptcy, Refuses to Pay $2.5B in Debts

Posted on June 17, 2013 by Barry Donegan

Detroit, Michigan used to be a symbol of American industrial might. Once home to a substantial portion of the nation’s auto industry, Motor City has slipped into economic free fall after decades of government intervention into the economy. Public sector … Continue reading →

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RIP Hostess: Playing Chicken with Twinkies

Posted on November 16, 2012 by Barry Donegan

We are living through the second Great Depression. During times of significant economic downturn, companies have to reduce their costs in order to make up for lost revenues due to declining sales. Companies in trouble due to market-wide phenomena tend … Continue reading →

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