The Consumerist posted a story last month about how Perkins & Marie Callender’s Inc. filed for Chapter 11, and how one restaurant had to abruptly kick everyone out.
With more than $440 million in debt and less than $300 million in assets, the company plans on closing 65 of its 600 restaurants and firing 2,500 employees nationwide as part of its reorganization efforts.
The Consumerist also posted a story about how the state of California spends 308 million dollars per execution (oh my goodness).
A study by a California judge and his law clerk, a law professor suggests that the state should do away with the death penalty in order to save money. The state has spent $4 billion on capital punishment since 1978, but has only executed 13 convicts in that span. And costs are projected to increase to $9 billion by 2030.
The New York Times posts about the sale of Myspace and how much money was lost from the initial purchase in the sale (Wow this is a doozy of a money drain).
MySpace, the long-suffering Web site that the News Corporation bought six years ago for $580 million, was sold Wednesday to the advertising network Specific Media for roughly $35 million.
Wallet Pop posts about how the U.S. Government has made a sh*t-ton of coin money that’s just sitting in storage doing nothing.
A billion dollars in unwanted American dollar coins sits in specially-made vaults the size of soccer fields in Texas and Baltimore and other undisclosed locations.
Seems like a waste.