When I was a law professor, I spent years studying why middle class families were going broke. I went into this area of study believing the hype – that people who were declaring bankruptcy must be gaming the system and going on too many … [Read more...]
Open season on senior citizens – now public pensions targeted
First it was Social Security, with Obama's commission calling for an eventual 22% cut in the average recipient's benefits even though Social Security is financially quite sound. Now public pensions are in the crosshairs: From Path Is … [Read more...]
The roll call vote on casinos and predatory gambling expansion
Remember, Atlantic City's casino culture is failed and it looks like the State of New Jersey may have to take them over Nevada has unemployment of 14% and a foreclosure rate 5 times higher than out state. Michigan let in one casino - now it … [Read more...]
Unemployment update, veto overrides, and a request for common sense
Workforce development updated its page today and seems to indicate that if you were receiving unemployment, but were cut off after 26 weeks and before 99 weeks you should "expect a letter". Note that there is a phone line, though, to … [Read more...]
Tim Cahill on Slots: The Gift That Keeps on Giving
In my comment on the listserv, I said that despite the financial collapse, the supporters of predatory gambling in Massachusetts would probably argue that the bankruptcy of slots actually strengthens the need for slots in Massachusetts. I … [Read more...]
Casinos are going BANKRUPT all across the USA!!!
More about good old Greektown Casino: it pulls in a million a day, and it is sinking like a derelict row boat. See: http://www.freep.com/article/2... Casinos are not only no answer, but if there was a right time, it is past and … [Read more...]
Casino postscript – Detroit’s Greektown Casino files for Chapter 11
Just a postscript - remember my posts about the Greektown Casino in Detroit, and the way it had sucked the life out of what was once a vibrant tourist area? Well, the latest is that it netted all of 2 million last year - and has filed for … [Read more...]