Day June 17, 2008

Multiple newspaper chains close to defaulting

Plummeting ad sales combined with huge amounts of debt have many newspaper chains facing the real possibility of defaulting on loan agreements. Among other things, classifieds ads used to be a major moneymaker for newspapers. But websites like CraigsList and…

Nationalize the oil companies?

Climate and Capitalism says “Nationalize big oil, enemy of people and planet” but that won’t necessarily solve the problem. The biggest oil entities on the planet already are nationalized. Companies like Exxon-Mobil, are smallish in comparison. Ranked on the basis…

Cedar Rapids water conservation

He’s pumping water out of a flooded basement into a barrel using the sump pump so it can be used to flush toilets. The basement in our old house in Connecticut flooded in March after torrential rains, but we only…