Originally posted on CBS Detroit:
National Public Finance Guarantee Corp., Ambac Assurance Corp. and Assured Guaranty Municipal Corp. made their arguments Wednesday before bankruptcy Judge Steven Rhodes.
The companies want Detroit to use special property taxes to resume making payments on the bonds. However, attorneys for Detroit said Wednesday that debt is unsecured and not funded by a revenue stream.
Rhodes told the bond insurers and the city that they should work toward a negotiated resolution, according to The Detroit News.
“The decision here is most likely all or nothing,” Rhodes said. “One side is going to win and the other side is going to lose.”
How the city’s debt is restructured will be part of state-appointed emergency…
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Originally posted on PandoDaily:
An entrepreneur chooses the ‘life’ to do new things, be a visionary and build things he or she can be proud of — all of which requires time and a very different focus than just trying to sustain and micromanage the business on a daily basis. The only way to stay focused on the growth activities is by delegating everything else. Richard Branson is a vociferous advocate of delegation and has demonstrated its power…
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Originally posted on Uncrunched:
NASA and printable food. I can’t stop thinking about the Jetsons enjoying their utopian food pills. Which never happened, of course, because it’s a dumb idea.
Printable food doesn’t sound all that much more appealing than those Jetsons food pills. But the stories deal with that issue – “If eating something spat out by the same kind of 3D printers…doesn’t sound too appetizing, that’s only because you can currently afford the good stuff.”
Meaning as real food becomes more scarce, people will happily eat printed food over no food.
Ok, I agree that people would eat printed food rather than go hungry. But I don’t understand how printed food will solve hunger.
The printer ingredients will be food with moisture removed – presumably dehydrated or freeze dried stuff. That exists today and has 30+ year storage life. Campers and hikers use it all the time because without the water…
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Travel Theme: Pale
Originally posted on Wind Against Current:
By Vladimir Brezina
Ailsa’s travel-themed photo challenge this week is Pale. Once again, her chosen theme is somehow strangely linked to The Daily Post’s photo challenge this week, Color—although for a change it’s the polar opposite.
In response to The Daily Post’s challenge, I’ve posted some highly colored kayaking photos. But of course I have some pale ones as well…