Breaking: Adams to lose race with father time
Adams will stop being the President Pro Tem of the Delaware Senate when G. Reaper says so.
Radical Right’s Rumination: All Things Barack
Not content to cower in the corner licking its wounds after the devastating November Election and plotting its future path to the right of right, the Radical Right continues to…
Carney Setting Up To Run For Congress
It looks like the race to fill Castle's open seat in 2010 just got it's first campaigner. Lt. Gov. John Carney has decided "beyond a doubt" that he's "running for…
What I’m reading…
A Sqyuishy quest to further educate continues…
Update 2:
Pension Debt is unsecured debt. Like a credit card. Pretty sweet huh? So that money you were promised, gauranteed, poured your blood sweat and tears for, is worth less than the paper it was written on. It is an albatross tied around a companies neck going into or coming out of BK
Delaware’s BK Court heavily favors the Debtor (company filing bk) which means creditors get screwed, which means pensioners get screwed. (here that DuPont pensionee’s?) In fact courts want the big cases and show a bias to debtors to get those cases….Delaware stands out and NY too.
Pg 59: In the 1980’s companies found their pension coffers overflowing. That money wasn’t for pensions since it went above and beyond what should have been in there. Several companies went after that money: EXXON, UNION CARBIDE, PACIFIC LUMBER, OCCIDENTAL PETROLEUM
Pg 91 in 2006 Hedge Fund company Avenue Capital specializing in Vulture style debt management, gentlier called “distressed debt market” hired Chelsea Clinton
and finally for today….this quote:
“It becomes a factor you price into the deal. It’s not dissimilar to looking at an industry with an asbestos claims.”
Nepotistic success…Glenn Greenwald
Salon's Glenn Greenwald ....In Delaware, it was widely speculated that Joe Biden would be replaced by his son, Beau, and after Beau took his name out of the running because…
Mwoohahahahahahahaaaaa
Can't sto p lau ghing
New Journal Operating In Total Clusterf*ck Mode
Not only is Ron Williams still employed, but Rita Truschel's picture is still up on TNJ web editorial page w/o ID and by-line. Also - if you get the dead…
Fact of the day
The street vendor glove market in Philly (aka guy with a duffle bag full of gloves) peeked yesterday at $2 a pair. This morning an apparent glut in supply has sent…
UPDATE: Inauguration Party 1/24/2009
January 24th 7-11pm "A Taste of Victory" Inauguration Party This will be a limited ticket event! Mark your calendar's! Details coming soon... As LG has hinted at this will be…
Ron Williams Comes Out of The Closet
Not that he was very far in the closet when it came to Tom Gordon, but this is sickening…
Gordon bashers on the prowl
The roving bands of Tom Gordon bashers have once again resurfaced, as uninformed and bigoted as ever.
The occasion that spurred the ignoramuses was the announcement by Insurance Commissioner-elect Karen Weldin Stewart that Gordon is on three of her transition team committees, including one that will review and make recommendations about the department’s fraud unit.
Are you thinking…”get a room” at this point?
It Has Come To This
If you want an inside scoop as to what is happening at Dellib, well let me be the first to peel back the curtain enough to see the cat licking itself in the corner.
Delaware Liberal cares about you the reader. We care about what you think. In fact we care A LOT ABOUT WHAT YOU THINK IF YOU ARE A CAT LOVER! It has gotten to the point that there are internal discussions at Dellib regarding particular posts (mostly of mine) that might make the fur stand up of a few of our readers. Those readers might be you, a cat-love. If you (said reader) are a CAT-LOVER, you should be pretty happy right now.
Why?