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Article Archive for February 2009

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Banking On Bankruptcy

Picture this scenario: a man in his late 20’s has just been laid off from his job in a company where he has worked for five years. He is paying for a mortgage, debt from three credit cards, and what is left of his student …

Prius is Consumer Reports pick for best value

Even with gas prices a far cry from where they were one year ago, or even last summer, the Toyota Prius is still topping the Consumer Reports best value list. Partially due to the fact it is a Toyota, and the brand overall has been …

Airline as well as plane maker sued in Buffalo plane crash

Relatives of Susan Wehle, of Amherst, N.Y are suing Pennacle Airlines, Continental Airlines, Colgan Air, and Bombardier Aerospace of “inadequate deicing equipment and an improperly trained crew” in the plane crash on February 12 near Buffalo, N.Y.
The family is seeking unspecified damages in the case.
Colgan …

The repo men and angry “owners”

While browsing news articles on Yahoo News, I found one that was titled “Violence between repo men, car owners on the rise.”
This is amusing to me because I think the only reason it is on the rise is because there are more cars  being repoed…perhaps. …

Government and Citigroup reach a deal

The United States government will trade $25 billion in bailout money for up to a 36% equity stake in Citigroup. The government’s “investment” means that the government will be tied to the company the same way common stock holders are:
The administration decided to restructure the …