On April 20, Major League Baseball took control of the Los Angeles Dodgers, a team whose overleveraged owner is going through a humiliating public divorce and steering the franchise towards bankruptcy. The Dodgers’ financial situation had been so dire that last week Frank McCourt, who is fighting for ownership of the team with his estranged wife, Jamie, needed a $30 million loan from Fox, the team’s television partner, to make payroll.
Tag Archives: situation
Obama Averted Disaster, but Getting Credit’s the Hard Part
The New Republic recently asked an intriguing question about the U.S.
Big Macs off menu as Iceland’s economic crisis bites
Iceland is losing its only three McDonald’s restaurants as a result of the poor economic situation in the country.
Karadzic refuses to appear for war crimes trial
Former Bosnian Serb leader Radovan Karadzic on Monday refused to appear at the opening day of his long-awaited trial for war crimes, crimes against humanity and genocide. In a letter dated Wednesday and made public Thursday, Karadzic complains that he has not been given the relevant case material on time — and he says the volume of material would have been too much to go through even if he had received it promptly.
Disgraced cloning researcher convicted in South Korea
Disgraced South Korean cloning researcher Hwang Woo-suk on Monday was convicted of embezzling money and illegally buying human eggs, according to state media.
Madonna visiting Africa to launch school
Pop star Madonna plans to help break ground in Malawi on Monday for a school she is building in the impoverished southern African nation, from which she adopted two children. In a letter dated Wednesday and made public Thursday, Karadzic complains that he has not been given the relevant case material on time — and he says the volume of material would have been too much to go through even if he had received it promptly.
Entrepeneur says he strikes oil with our garbage
Like the alchemists who once tried to turn lead into gold, a green entrepreneur says he has found a cost-effective method for turning plastic trash into oil.
The Soviets in Afghanistan: Obama’s Deja Vu?
“It’s a tricky situation,” said the decision maker huddled with his inner circle, debating what to do next in Afghanistan. “We went in, but how to get out — our head[s] are splitting from this.
Afghanistan: Why Escalation May Be Obama’s Only Choice
Monday’s news that Afghanistan’s Electoral Complaints Commission has stripped President Hamid Karzai of his first-round re-election victory potentially removes the last obstacle cited by the Obama Administration to sending thousands more U.S.
Karzai to speak on Afghan political limbo
Afghan President Hamid Karzai is expected to announce Tuesday whether he will accept findings that indicate he did not secure enough votes to win a second term.