Posts tagged as Bankruptcy
The Great Las Vegas Monorail Fail
"The Las Vegas Monorail Company filed for Chapter 11 bankruptcy Wednesday." Oh noes, why? It has only been in business since 2004! "Because the train's popularity was overestimated, the company has not paid off the $650 million in construction and start-up costs.... Monorail representatives told the state they anticipated about 20 million passengers a year who would pay a fee of $2.50 per trip. The monorail's Web site says it has carried 27 million passengers in five years." MONORAIL!
Trade Paper Dances On Sad Actor's Bankrupt Grave
This Wall Street Journal report on the bankruptcy filing by actor Stephen Baldwin (oh, I know) seems unusually... harsh! "Stephen Baldwin and wife Kennya have filed for Chapter 11 protection, proof that even star status and a tattoo of Hannah Montana's initials on your left shoulder are no shield against the ravages of a wrecked economy." Okay I guess it is funny a little? Also, wow, that dude has been living way beyond his means apparently!
