It's kind of surreal to find these two headlines in the same edition of the Denver Post: Colo. jobless at 21-year high: "The unemployment rate hasn't been this high since April 1988, when it was at 6.7 percent. It is also higher than the 6.3 percent rate reached during the depths of the dot-com bust from 2001 to 2003." Doubling FasTracks sales tax gets nod: "On Wednesday, a majority of the Metro Mayors Caucus tentatively approved a plan to salvage FasTracks by asking voters for another 0.4 percent sales tax. The mayors, hoping to see the entire $6.9 billion expansion finished by 2017, are gambling that voters will maintain support for the project despite higher costs and some of the weakest economic conditions in the past … [Read more...]
Shedding No Tears for the Shane Co. – No Diamond Business Friend of Mine
So the Shane Co. files Chapter 11 bankruptcy. As one not in the habit of frequenting jewelry stores, you might think I'm utterly indifferent. But then you'd see that I'm blogging on the topic, so perhaps you're wondering there must be something prompting me to waste a few minutes. Well, you're right. The lovely Mrs. Virtus and I are here laughing about the story, because we never intend to go back to the Shane Co., Chapter 11 or no. … [Read more...]