Why Cities Go Bankrupt

Hamilton Nolan · 11/13/12 12:30PM

San Bernardino, California filed for bankruptcy last August. It is a poor city, yes. The economy is bad, yes. But why does one city fail while many others like it don't?

Government Bravely Urges Everyone Except the Government to Give Student Loan Victims a Break

Hamilton Nolan · 07/20/12 10:35AM

The funniest (meaning "most horrific and devastating") thing about student loans is that, thanks to some nifty lobbying, you cannot get rid of them in bankruptcy. They just stick around like one of the more bothersome STDs no matter how impoverished you become. But that might change, a bit! Which would be major news for you broke, educated people.

The Student Loan Mafia Is Coming for Your Mom

Hamilton Nolan · 04/30/12 11:41AM

America is currently embroiled in a student loan bubble and when it pops, wooo buddy. *Makes whistling sound, gazes off into distance*... let's just say that I hope you can use some lacquer and a long stick to turn your college diploma into some sort of edged weapon to fight off the starving graduate student food mobs. Let's just leave it at that. Let's not get explicit, except to say that banks will literally take your mother's home if you try to not pay them back, so, you know, the weapon thing is maybe the way to go.

Hostess Bankrupt; Ding Dongs in Peril

Hamilton Nolan · 01/11/12 10:42AM

Hostess, the maker of Twinkies, Ding Dongs, Ho Hos, Suzy Q's, Sno Balls, Zingers, and Donettes, among other god damn delicious products, is bankrupt. For the second time in eight years. Labor costs, debt load, flour prices, blah blah blah. What will it take to save Hostess? Will it take Hostess sending out cases of its delicious products out to various popular online media sites, to "build buzz?" Now is the time to find out.

Print Is Dead, Literally

Hamilton Nolan · 11/16/11 03:00PM

In your murky Wednesday media column: America's largest newsprint maker goes bankrupt, the HuffPo tries its hand at "journalism," an Irena Briganti hunt, Nick Denton vs. the commenters, and the NFL's launching a magazine.

Lady Gaga Went Bankrupt to Entertain Her Fans (Or So She Says)

Brian Moylan · 05/26/11 11:33AM

The Financial Times has a long interview with Lady Gaga conducted by British actor/author Stephen Fry which the paper will publish over the weekend. We were given a little sneak peek of what Gaga said to Fry during the exchange, and she makes some insane claims, including that she went bankrupt funding her Monster Ball tour.

The Borders Aftermath: Who Falls Next?

Hamilton Nolan · 02/17/11 12:54PM

Borders filed its long-expected bankruptcy yesterday. Hundreds of its stores will be closing in the next few weeks. Besides Borders employees, two other groups are worried: book publishers, and mall owners.