InvestYoung

Kosar Files Bankruptcy!

Today ex-NFL superstar Bernie Kosar filed for bankruptcy. In the filing he has stated that he’s $19.5 million in debt. He has a list of people he owes money to, including his ex NFL team, the Brown and ex-wife. From what I read he even lost a restaurant he owned in Miami. Times are hard for a lot of people, even past superstars. Lately nothing seems to surprise me, I just wonder whose next to file. Hopefully other superstars playing right now will look at Kosar and think about managing their money better. Because once your out of the league you better have saved, or you will sink with the best of them.

Eddie Bauer Fails!

Today was Eddie Bauer Holdings Inc. turn to file for Chapter 11 bankruptcy protection. They have been in trouble since the recession has started, the same goes for other mall stores. The fact is, people are not going to the malls anymore. People are only buying things they need, and Eddie Bauer is not needed. There is however good news with this bankruptcy, they already have a bid on the company. The bid amount is around $202 millions for their assets. And there’s a chance the new owners will leave all the stores open, which means job loss will be low. Hopefully things will turn around soon, or we’re going to see more closings with in the malls.

Takeover Is Coming!

Get the AED out, New York is in need of a jump. New York right now has no clear leadership in the State Senate. Although the Democratic party is the majority, the Republicans are taking them on, head on. Their so sick and tired of Majority Leader Sen. Malcolm Smith that they started a coalition to get him out and take over the majority. And they have the vote to do so. The reason they have the vote is because a few Democrats are just as sick of Smith, so their voting with the Republicans. But this whole mess is getting out of control, the Democrats won’t release majority and asked a judge to stop the Republicans. Not going to happen though, the judge ruled in with the Republicans, now what? I guess we can only hope that the Democrats will grow up and accept the new majority.

Finding Gadgets!

I came across a site tonight that I think could help some of you out, or maybe save your life. This site that I found offers discounted gps systems that will help you never to get lost again. On their site you will find other great gadgets that you can use in your everyday life. And from what I saw on the site I think you just might find a deal or two.ree with them. Check the site out for yourself, I think you might like what you see. And if you don’t, well you just didn’t look hard enough.