Investors apparently have a finite capacity when it comes to panicking.
Press 1 if you're delusional enough to think that the customer service rep you just spoke with actually gives a damn about your $5,000 cellphone bill, your exploded microwave or cancelled-without-notice flight.
The capital city Pennsylvania is broke and will be skipping this month's multi-million dollar bond payment.
If the ongoing budget woes of the nation's cities and states don't make you nervous, perhaps it should.
Think Greece and Spain are drowning in debt? Look a little closer to home. Seven U.S. cities recently had their municipal bonds downgraded below investment grade. Their debt is now junk, considered more worthless than that of the so-called PIIGS.
Several downtrodden cities are on the verge of defaulting on their debt, putting financially encumbered states and taxpayers on the hook to pick up the tab. The National League of Cities says municipal governments will probably come up $56 billion to $83 billion short between now and 2012. That's the tab for decades of binge spending; municipal defaults could be our collective hangover.
The singer's Roses & Thorns will hit bookstores on June 23
A commercial airline pilot who alleges his job was threatened because his name was on a secret terrorist watch list is being allowed to resume flying
The maker of Snickers bars and M&Ms candies said it is raising wholesale prices on various items to offset the higher costs of raw materials, packaging and energy, the second major candy company in the past week to announce such a move
Dear FSB: I have a small interior design firm. Is there a formula I can use to calculate overall client charges to determine how competitive my business is?
Hillary Clinton, campaigning in Harrisburg, PA, questions Barack Obama's credibility on several issues, including NAFTA and Iraq.
Dear FSB: How does one with limited funds go about moving an idea into the mainstream without risking it being stolen by a large entity with staff counsel and other lawyers capable of litigating the matter ad infinitum?
[Editor's note: Original online publication date: 6.14.06]
The chef who inspired the Soup Nazi character on "Seinfeld" makes a heck of a crab bisque, but a group of stewed investors says he's having problems expanding his popular stand into a franchise empire.
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