Tag Archive: bankruptcy

Saving Detroit

What the hell?

Ruling the governor and Detroit’s emergency manager violated the state constitution, an Ingham County Circuit judge ordered Friday that Detroit’s federal bankruptcy filing be withdrawn.

“It’s absolutely needed,” said Judge Rosemary Aquilina, observing she hopes Gov. Rick Snyder “reads certain sections of the (Michigan) constitution and reconsiders his actions.”

The judge said state law guards against retirement benefits being “diminished,” but there will be no such protection in federal bankruptcy court.

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Hostess in Mediation as Website Gets Hacked

The drama continues.

A New York Judge has ordered Hostess and the kamikaze baker’s union to at least try working this out, but I think it’s too late.

Some of our own local businesses that use Wonder Bread (Arthur Bryant BBQ being one) are already being forced to switch to alternate vendors.  Grocery stores also aren’t going to let that prime shelf space sit empty while this drags on, are they?

For his part, Rayburn Read more