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In death, Michael Jackson broke free from crippling debt and achieved the financial viability that eluded him for decades. His status as a cultural icon, in dispute as recently as one week ago, has been cemented by the havoc wreaked on the internet from the public’s outpouring. In true king of pop fashion, Jackson’s final [...]

By Andrew Stern -Reuters – A college diploma has long been the ticket to a good job, but the deepest economic slump in decades has dampened the dreams of many U.S. college seniors.
They face a hard reality upon graduation this spring: stiff competition from the growing ranks of the unemployed, from those forced out of [...]

AP—-DETROIT—-General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take more than half its stock in exchange for half of GM’s government debt as part of a major restructuring that would leave current shareholders holding just 1 percent of [...]

Nytimes reports that, General Motors needs $11.6 billion more in government loans. The Auto giant plans to file for bankruptcy protection if a debt exchange with its bondholders was unsuccessful.

AIG’s most recent ‘capital injections’ are going to pay off their debits to foreign banking instutions, such as RBS and Deutche Bank
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