Tag Archive for bankruptcy

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OC Budget Battle Begins Today

Today, June 9, 2009, the Orange County Board of Supervisors is scheduled to begin hearings on the more than $5 billion county budget. With anticipated revenue sharply down and the state legislature looking at borrowing from local governments to cover their deficit, this year’s process is shaping up to be very painful. County staff are…

Moorlach Proposes Filing Bankruptcy

In discussing their positions on legislative matters at their Board meeting, Supervisor Moorlach proposed telling the Governor to go ahead and make his day and take funds away from local governments under Prop 1A. Moorlach said; “it would be kind of fun for the Governor to throw us in that briar patch.” Moorlach added that…

But Baby, Obama Wants Me to Drive a Fiat X1/9

Of all the cars that I’ve owned, my favorite was a yellow and black 1975 Fiat X1/9. Designed by Nuccio Bertone, the X1/9 was a two-seater, hardtop convertible with a mid 1489 cc. engine and a five-speed transmission. It was beautifully styled and it handled like a dream. It was tremendous fun driving this sleek…

Tribune Co. files for bankruptcy

NEW YORK (AP) — Media conglomerate Tribune has filed for bankruptcy protection. The owner of the Los Angeles Times, Chicago Tribune, KTLA and other propreties has filed forbankruptcy in Deleware today. According to reports, Tribune is more than $13 billion in debt. More here at CNN.com.