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#1
02-03-2009, 09:39 PM
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poll question...
do you think this may really be the "end" of the world economy? i mean that it may totally collapse beyond repair. a complete meltdown where money is irrelevant and chaos starts.
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#2
02-09-2009, 08:54 AM
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Sirius Going Under?
it's been nice knowing you. thanks for the good times steve
http://finance.yahoo.com/news/15-Com...-14279875.html Sirius Satellite Radio. (SIRI - parent company; about 1,000 employees; stock down 96%). The music rocks, but satellite radio has yet to be profitable, and huge contracts for performers like Howard Stern are looking unsustainable. Sirius is one of two satellite-radio services owned by parent company Sirius XM, which was formed when Sirius and XM merged last year. So far, the merger hasn't generated the savings needed to make the company profitable, and Moody's thinks there's a "high likelihood" that Sirius will fail to repay or refinance its debt in 2009. One outcome could be a takeover, at distressed prices, by other firms active in the satellite business.
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