Peanut Corporation of America Files Bankruptcy

Posted: February 15th, 2009 | Author: Catherine | Filed under: Privacy / Security | Tags: , , , , | 1 Comment »

The legal problems for the Peanut Corporation of America are monumental. There are lawsuits, along with criminal investigations into the criminal aspects of allegedly releasing contaminated products for human consumption. As the peanut scandal continues to unfold, the peanut company has sought bankruptcy protection:

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A Large Daily Newspaper Files for Bankruptcy

Posted: January 16th, 2009 | Author: Catherine | Filed under: Uncategorized | Tags: , , , , | No Comments »

Another indicator of the decline of newspapers is the filing of bankruptcy by the Minneapolis Star Tribune:

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Iceland Nears National Bankruptcy

Posted: October 8th, 2008 | Author: Catherine | Filed under: General | Tags: , , , | No Comments »

Iceland nears bankruptcy. The financial repercussions of the world economic crisis are placing whole nations in jeopardy:

“…The country’s top four banks now hold foreign liabilities in excess of $100 billion, debts that dwarf Iceland’s gross domestic product of $14 billion.”

link: Iceland teeters on the brink of bankruptcy

Iceland may have some unique aspect. Nevertheless, it is linked in an inextricable manner to the global economy. The pressure that Iceland faces may portend the financial stresses which other nation may have to face in the coming weeks.

Catherine Forsythe