The U.S. government may be considering military action in response to chemical strikes near Damascus. But a generation ago, America’s military and intelligence communities knew about and did nothing to stop a series of nerve gas attacks far more devastating than anything Syria has seen, Foreign Policy has learned…
Sears Death Spiral Accelerates: Vendors Halt Shipments…
When we commented back in March on the unexpected “going concern” notice in Sears’ 10-K which sent the stock crashing, we pointed out the immediate spin provided by Eddie Lampert’s distressed retailer which promised that its comeback plan may help alleviate the concerns, “satisfying our estimated liquidity needs 12 months…
Illinois Comptroller: “The State Can No Longer Function”…
With just 10 days to go until Illinois enters its third year without a budget, resulting in the state’s imminent downgrade to junk status and potentially culminating in a default for the state whose unpaid bills now surpass $15 billion, Democratic Illinois Comptroller Susana Mendoza issued a warning to Illinois Gov. Rauner and other elected […]
Why A Deutsche Bank Whistleblower Turned Down an $8.25 Million Reward: In His Own Words…
“I just got word from the Securities and Exchange Commission that I am to receive half of a $16.5m whistleblower award. But I refuse to take my share”…
Puerto Rico Defaults On $2 Billion In Debt Payments…
As expected, Puerto Rico will default on about $2 billion in debt payments Friday, including $780 million in constitutionally-backed general obligation bonds…