Borders Files for Bankruptcy

Image by Getty Images via @daylife The mega chain store Borders has filed for Bankruptcy due to a financial lost among many of its stores. The Mega chain book store has been having problems for years with meeting its bottom line. The sales of books are down due to new forms of technology like the kindle book reader, and online retail giant Amazon. Borders has filed for chapter 11 to give the company a chance to regroup, and get the book store back to its original state of being one of the major players in the saleing of information when it comes to books.

Borders Files For Bankruptcy, To Close Stores

NEW YORK (By Phil Wahba) - Borders Group Inc, the second-largest U.S. bookstore chain, filed for bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load, and it plans to close ...

Publish Date: 02/16/2011 8:26

http://www.huffingtonpost.com/2011/02/16/borders-files-for-bankruptcy_n_823889.html

Borders files for bankruptcy; 194 stores closing

Borders files for bankruptcy; 194 stores closing, Eight of 13 Arizona locations owned by Borders Group Inc. will be closed by the end of April, the company announced Wednesday as it filed its long-anticipated request for Chapter 11 ...

Publish Date: 02/17/2011 2:00

http://www.azcentral.com/business/articles/2011/02/16/20110216biz-borders-bankruptcy0216.html

Wealth Gap

Image by jmtimages via Flickr

This past year has been a hell of a year for the American Economy. Gas prices went through the roof, food prices skyrocketed, and the housing market really went all the bad. As the economy went spiraling down hill so did the wealth gap between the poor and middle class. Many Americans lost there jobs which has lead to high rate of unemployment along with people seeking more Government Aide then in past years. Food Stamp benefits skyrocketed as more people applied for benefits to help feed the family. The wealth gap has widen between the poor and middle class and its only going to get worse.

» The Wealth Gap: Chickens, Pots, and the American Dream

Regardless of how the economy is doing it seems the super-rich come out ahead and to prove it, Wall St. has set yet another new pay record. The rest of the nation, not so much.

Reform needed to cut wealth gap: Anand, Prawase say

He said too much wealth, power and knowledge were concentrated in Bangkok and as long as things stayed that way the inequality gap would not be narrowed. Prawase said the average disparity between the rich and the poor in Thailand was ...

Video

Senator Obama on taxation and the wealth gap

In a small gathering in Midtown Manhattan on November 29th, 2007, Senator Barack Obama is asked what he would do to begin to bridge the "wealth gap" between America's very rich and very poor.

Why No Unemployment Benefits

Image by Getty Images via @daylife If you have been watching the news you have heard that many Americans are losing their Unemployment Benefits. The government has cut a lot of folks off from getting benefits for being unemployed. The maximum number of weeks on unemployment I think is 16. The job market has not improved, and many Americans are now forced off the governmental aide that helps them stay afloat. The question is why has the Government decided to stop paying benefits to workers who are entitled to it. Has the Government ran out of money?

Do we really have money to give out for unemployed workers? Our country is in debt, so where is the money coming from to pay unemployment benefits ? Also, why isn't the Government making so that people can get retrained for new industries that are hiring?