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Lavish spending and bad real estate bets. It takes a real power shopper to blow through the proceeds of a $1.8 billion deal in five years. But CNET’s founder, Halsey Minor, managed to do it.
In 2008, Minor sold CNET Networks to CBS for $1.8 billion. But just last week, the 47-year-old filed for personal bankruptcy. Minor owes as much as $100 million and has no more than $50 million to pay his debts, reports Bloomberg’s [...] by Mike Shedlock, Global Economic Analysis: The woes of twice bankrupt Allen J. Parker, age 71 may be over. The bankrupt city of San Bernardino Hires the Twice Bankrupt Allen Parker as City Manager based on his “experience”. The bankrupt city of San Bernardino has hired a new city manager who, according to court filings, has twice declared personal bankruptcy and was recently ousted from the board of a small community’s water company after being sued [...] http://www.consumeraffairs.com/news04/2005/bankruptcy_study.html “…Today’s health insurance policies — with high deductibles, co-pays, and many exclusions — offer little protection during a serious illness. Uncovered medical bills averaged $13,460 for those with private insurance at the start of their illness. People with cancer had average medical debts of $35,878. “The paradox is that the costliest health system in the world performs so poorly. We waste one-third of [...] Wow man, another story of illegal conduct that is unpunished and excused. “A personal bankruptcy is supposed to cut borrowers loose from lenders and debt collectors, but Capital One Financial Corp.—one of the nation’s largest credit-card issuers—sometimes doesn’t want to let go. …. It wasn’t the first time the company went after its customers for debts that had been snuffed out in bankruptcy, even though the practice is illegal. A court-appointed auditor concluded earlier this year [...] Medical disasters cause over 60% of personal bankruptcies.. http://www.consumeraffairs.com/news04/2005/bankruptcy_study.html “…Today’s health insurance policies — with high deductibles, co-pays, and many exclusions — offer little protection during a serious illness. Uncovered medical bills averaged $13,460 for those with private insurance at the start of their illness. People with cancer had average medical debts of $35,878. “The paradox is that the costliest health system in the world [...] by OldTulsan http://www.newscientist.com/article/dn14986-worlds-largest-health-system-rejects-free-market.html “Free-market economic reforms rolled out across the Chinese health system in 1978 have led to a collapse in healthcare provision for a fifth of the world’s population, researchers have concluded. The Chinese government, recognising the disparities in access to healthcare between the urban rich and rural poor, is planning to overhaul the world’s largest health [...] by James Its been decades since we’ve had a government of, by, and for the people. And since that phrase from the Declaration of Independence served as a charter for the Constitution, I would submit that the people of this country are no longer obligated to recognize the current government as legitimate. If you agree, pass this along. 83 percent of all U.S. stocks are in the hands of 1 percent of [...] by Michael • 83 percent of all U.S. stocks are in the hands of 1 percent of the people. by Lisa 3 percent of all U.S. stocks are in the hands of 1 percent of the people. by AndyInGeorgia No wonder why job growth is so slow. We have been brainwashed for too long by politicians, lobbyists and some large corporations. We need to revert back to managed trade that puts our interests first. Here are the statistics to prove it: • 83 percent of all U.S. stocks are in the hands of 1 percent of the people. by Jess 3 percent of all U.S. stocks are in the hands of 1 percent of the people. Here are the statistics to prove it: • 83 percent of all U.S. stocks are in the hands of 1 percent of the people. 50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined. #49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars in 2010. #46) Total U.S. government debt is now up to 90 percent of gross domestic product. #45) Total credit market debt in the United States, including government, corporate [...] #50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined. #49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars in 2010. #48) If you went out and spent one dollar every single second, it would take you more than 31,000 years to spend a trillion dollars. #47) In [...] |
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