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Economics News

Economics News continually updated from thousands of sources around the net.

1 hr ago | GPB.org

Deal In Detroit Could Signal Cuts To Pensions Elsewhere

Retirees Mike Shane and William Davis protest near the federal courthouse in Detroit on July 3. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday.

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Related Topix: Bankruptcy, City College of New York, City University of New York, Stockton, CA

5 hrs ago | KOLD-TV Tucson

Detroit retirees back pension cuts by a landslide

A man accused of enslaving a mentally disabled woman in northeast Ohio is set to be sentenced in federal court in Youngstown.

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Related Topix: World News, Palestinian Territories, Middle East, Associated Press, Bankruptcy, Rick Snyder, US Governors

10 hrs ago | WTNH

New London puts off vote on school superintendent

New London's Board of Education has postponed a planned vote to approve the contract for its new superintendent of schools.

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Related Topix: Education Etc., Bankruptcy

14 hrs ago | The Raw Story

Detroit workers, retirees vote in favor of city's debt plan

Detroit's city workers and retirees overwhelmingly agreed to accept the city's debt adjustment plan, according to results filed late Monday, potentially clearing the way for the struggling city to exit bankruptcy in the next few months.

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Related Topix: Bankruptcy, Pension, Personal Finance

16 hrs ago | Myrtle Beach Online

Bankruptcy trustee proposes Myrtle Beach-based Beach First bank...

Beach First National Bancshares' long-running bankruptcy case could be drawing to a close with a proposed settlement between the trustee and the bank holding company's former directors, but Beach First's former shareholders likely won't have much to cheer about.

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Related Topix: Bankruptcy, Myrtle Beach, SC

Mon Jul 21, 2014

Detroit News

Expert: Detroit's bankruptcy plan could be 'more feasible'

A court-appointed expert says the city's debt-cutting bankruptcy plan is feasible, but stressed Detroit needs more municipal workers and commitment from its leadership to carry out the massive restructuring.

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Related Topix: Bankruptcy

Network World

Stealthy ransomware 'Critroni' uses Tor, could replace Cryptolocker

Cybercriminals are spreading a new file-encrypting ransomware program that's more powerful and resilient than Cryptolocker, a threat recently shut down by the U.S. Department of Justice.

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Related Topix: US News, Bitcoin, Science, Computer Science, Computer Security, Cryptography, Science / Technology

WYFF-TV Greenville

Summer bummer: Six Flags attendance tanks

Only 8.2 million people went to one of Six Flags' 18 parks in April, May or June.

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Related Topix: Recreation, Cedar Fair LP, Bankruptcy

The Republic

Detroit: No water shutoffs for next 15 days

Detroit suspended its aggressive policy of cutting off water to customers with unpaid bills on Monday, the latest response to a controversy that has prompted large protests and caught the attention of the judge overseeing the city's bankruptcy.

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Related Topix: Detroit, MI, Bankruptcy

The Inquirer

Dell is now accepting Bitcoins direct

Dell has already taken payments in Bitcoin, through gift cards, or Gyft cards to use its term, but it has gone further now, partnering with Coinbase to take the virtual cash directly .

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Related Topix: Bitcoin

Cellular News

Harbinger Sues FCC for $2 Billion in Damages

Philip Falcone's Harbinger Capital Partners was the lead investor in now-bankrupt LightSquared, which had planned to build a LTE network, which would have sold capacity on a wholesale basis to the other mobile network operators.

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Related Topix: Bankruptcy

Sun Jul 20, 2014

UnionLeader.com

Newington-based gun company layoffs said to reflect sales

Ernie Shipman, owner of Renaissance Firearms in Rochester's Gonic neighborhood, displays pistols Thursday in the back room of his store on Main Street.

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Related Topix: Bankruptcy, Manchester, NH

The Modesto Bee

De Pere private school files for bankruptcy

The Wisconsin International School filed for Chapter 7 bankruptcy this month after notifying staff and parents by email the school was shutting down immediately, Press-Gazette Media reported Saturday.

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Related Topix: De Pere, WI, Bankruptcy, Business News

The Island Packet

Fun run's cancellation in US angers participants

Registered runners for the 5K Foam Fest set for Aug. 2 in Reno received an email Thursday from Spanish Fork, Utah-based Round House Racing saying it went out of business and the event was canceled.

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Related Topix: Spanish Fork, UT, Bankruptcy

Silicon Alley Insider

One Of Bitcoin's Strongest Backers Reveals The Two Big Reasons Why It's Still Not Mainstream

If you still don't understand what the deal with Bitcoin is, don't worry: Even it's biggest boosters admit it is still probably still too early to be useful to the mainstream.

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Related Topix: Bitcoin

NewsOn6 Tulsa

No arrests in slaying of 11-year-old Chicago girl

Efforts to improve Detroit have not idled over the past year as the city put plans in place to restructure billions of dollars in debt during bankruptcy.

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Related Topix: Bankruptcy, Niacin (generic), Niaspan, Niacor, Medicine, The Rockford Files, Action TV, Entertainment, Drama, Television, Mystery Movies, Crime Movies, Drama Movies, Action Movies

Brandon Sun

Recent upgrades to Detroit quality of life to affect decisions at upcoming bankruptcy trial

Detroit neighbourhoods are being relit, its vacant homes are being sold off or torn down, its public transportation is cleaner and more often on schedule and the city has renegotiated some burdensome union contracts.

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Related Topix: Bankruptcy

Tri-cityherald.com

Atlantic City doomed by glut of casinos in region

In the 36th year of casino gambling in New Jersey, which not too long ago had a monopoly on the East Coast, the casino industry is crashing with a suddenness and a fury that has caught many people here by surprise.

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Related Topix: January, Bankruptcy

Merced Sun-Star

Unfit borrowers paying exorbitant rates for auto loans

Marcelina Mojica and her husband Jonathan Mojica, shown here with their dog Lilly, moved into a homeless shelter in the Bronx to keep up with their car payments on their Hyundai sedan.

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Related Topix: Bankruptcy, Social Security, Personal Finance, Binghamton, NY, Mortgage

Post and Courier

Sooner or later, still broke

The Congressional Budget Office forecast Tuesday that Medicare's hospital insurance trust fund won't go broke as soon as previously expected.

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Related Topix: Medicare, Health, Social Security, Personal Finance, Bankruptcy

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