Tuesday, December 09, 2003
This is an interesting little court case.

10:33:43 AM  #  
I'm listening to iTunes on shuffle and it just shuffled from Operation Ivy's "Freeze Up" to Rancid's "Indestructible."  With the crossover fade going it was a cool transition.  Very cool chronology of the musical development of the band. 

For those of you not in the know, two of the founding members of Operation Ivy went on to form Rancid.

Very cool, little happy-accident.

10:31:07 AM  #  
Hey guys remember Global Crossing?

Global Crossing, which is about to emerge from bankruptcy protection, revealed that it had losses of $25.7 billion in 2000 and 2001 after writing down the value of its fiber-optic network.

Most of the loss came in 2001, when Global Crossing had $17.2 billion in charges, the company said in its first full-year filing with the Securities and Exchange Commission since 2000.

I'm really trying to get my head around the bankruptcy process in this country.  It seems ripe for abuse (a la the airline industry).  But is it really just an incentive for entrepeneurs to innovate and take risk on business models that might never see the light of day otherwise?  When dealing with large cap enterprises ($1 billion+) it seems like bankruptcy does less to protect the debtors of an enterprise and more to encourage companies to enter into industry destructive behavior since there is little real repercussion.  Airlines that emerge from bankruptcy do nothing but force other airlines into the process as they are leaner, and more competitive.  The same seems to hold true for the telecoms.

I have a feeling the above little rant is going to be something I look back on in a year and laugh about since it probably contains a lot of ignorant statements.  However, it's a good starting point for analysis.



10:20:55 AM  #