Word: debts
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...America are all that bad. The management team has worked hard to give the facilities a makeover and offer more family-friendly options. Attendance and revenues actually rose in 2008, despite the onset of the recession and high gas prices last summer. But the company's crippling $2.4 billion debt load led to a $135 million loss last year. Six Flags was $141 million in the red for the first quarter of '09, and this spring the swine-flu outbreak forced Six Flags to close its Mexico park for eight days. In June, Six Flags finally filed for Chapter...
...Moore and his fellow Blue Dogs tried to win the Bush Administration's support for a budget-balancing proposal they called pay-as-you-go. "President Bush and the Republicans in Congress refused to support us," Moore says. "And in eight years of the Bush Administration, our debt went up $5 trillion...
...past year, there has been a spate of car burnings in the capital, teachers have written public letters to the authorities complaining about the poor standards at city schools, and youth violence has been on the rise. And the city council is struggling for money after running up new debts this year to the tune of $1.3 billion, bringing its debt total to $85 billion...
During December and January, Harvard completed a $2.5 billion bond offering to bolster its cash reserves, as well as to refinance riskier forms of debt. Several media outlets have suggested that the University held insufficient cash reserves, and Forbes magazine wrote that Harvard had found itself in a "cash-raising panic" in the midst of the economic recession...
...furloughs will only cover approximately a quarter of the UC deficit. The rest will come from a 10% increase in tuition, debt refinancing and dramatic budget cuts at individual UC campuses, as testimony to the Board of Regents from the system's chancellors revealed on July 15. At UC Berkeley, according to Chancellor Robert Birgenau, campus libraries will be closed on Saturdays and will no longer stay open 24 hours during final exams (a longtime campus tradition). He said UC Berkeley is "the only university among our competitors whose faculty are taking a furlough," adding that faculty salaries already...