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Today, San Bernandino, California filed for bankruptcy. This follows on the heels of the June bankruptcy filing for Stockton, California, and the July 4 filing for Mammoth Lakes, California.
Bankruptcy. It is not exactly a pleasant thought, but it could be in your future. Unthinkable? Read on…
The President’s remarks as Chrysler went into bankruptcy yesterday are mind-numbing.
Those of us who have even a brief history in business economics understand you can’t make promises that are unsustainable. You’d have to be a fool to make a business decision now, that would result in undetermined future liabilities decades in advance. That’s exactly what our municipalities, cities and states have done.
Steve posted an interesting item recently about the Chrysler dealerships that had been terminated, and, he raised some even more interesting questions about how the terminated dealers were selected. I have no answers, just more questions. Wednesday’s Orlando Sentinel reported that two Chevy dealerships in the Orlando area received notice Tuesday that their franchise agreements…
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