A Sign of the Times
I have several scrolling news feeds for my work as a trader and every now and then a funny headline catches my eye. Here's one such:
Calif hockey team mocks opposing city's bankruptcy
FRESNO, Calif.—A hockey game promotion poking fun at America's largest bankrupt city has caused a tiff between fans and newspaper columnists in California's Central Valley.
The Condors, a Bakersfield minor league hockey team, advertised its game against Stockton Thunder on Dec. 27 as "Our City Isn't Bankrupt Night."
The team promises to give away phony million-dollar bills and brand new Rolls Royce automobiles.
Stockton residents weren't amused. The river port city filed for bankruptcy protection in June, pushed over the brink by high foreclosure rates, expensive investments and overly generous retiree benefits.