News: Bankruptcy May Be BP’s Only Option

The American public and the world are witnessing the worst environmental disaster in U.S. history unfold in the Gulf of Mexico.  Investors are deserting BP.  All along the coast of the Gulf of Mexico seafood businesses, shrimpers, oystermen, the tourism industry and drilling crews that have been put out of work because of the oil spill at Deepwater Horizon all want money from BP.

BP has become poison to its own industry.  Experts in the oil industry are now secretly wondering how long BP can sustain not only the cost of the clean up but also the years of litigation that will come from the thousands of lawsuits that are only now beginning to be filed in court.

Many in the oil industry feel that Chapter 11 bankruptcy for BP is only weeks away.

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News: Greece Will Default On Its Loans

Have you been watching the evening news lately?  Have you seen the riots in Greece?  Are you paying attention to the gathering economic crisis in Europe?  Why should Americans care?

Even though the International Monetary Fund (IMF) and the European Central Bank are going to loan the Greek Government $150,000,000,000 that will still not keep Greece from defaulting on its loans.  That only keeps Greece from defaulting on its loans in the immediate future.  The loans of Greece will eventually be restructured.  No amount of austerity will squeeze enough money out of the Greek economy to pay back those loans.  Investors know that Greece will default and the money people are getting nervous.  What are they getting nervous about?

They are getting nervous about defaults spreading.  They are getting nervous about the economies of Portugal, Spain and Italy.  They are getting nervous about economies with huge debts like the UK and the United States.

And when investors get nervous they take their money out of the system. 

We are only two steps away from another world-wide recession.  This is why officials in Europe are trying to desperately contain the coming Greek financial collapse.

The Educational Value Of Writing Flash Fiction

Do you want to write concisely?  Do you want to convey complex ideas in an easily digestible context?  Do you want to be a good writer?

I do freelance writing.  I write news summaries.  I take 500-word to 1,000-word news stories and rewrite them into bite-size 200-word summaries.  Writing flash fiction for years has prepared me well for this occupation.  Yes, I make money doing it.

Few of the posts on this blog are over 300 words.  Most are around 150 words.  But because of my education in writing the very short story I know these blog posts must have a setup, a buildup and a payoff.

Learning to write flash fiction is the best education a creative writer can have.

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Good morning, my brother and sister bloggers and writers.  It’s going to be a beautiful day in Pittsburgh.  The Old Soldier is keeping a close eye on the Goldman Sachs mess.  The hearings sure make Goldman Sachs look bad.  I’m no financial expert but Goldman was squeezing its own investors.  There’s no other way to put it.  Yes there is.  They were swindling their own investors.  And you can’t tell me that Goldman is the only firm on Wall Street that does this.  Now the American people have a better idea of how Wall Street really works.

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