Borders Bankrupt!


According to my front line correspondent, the Nation-wide bookstore chain Barnes & Noble has bought out their long standing competition Borders. As of today a major sale will likely ensue, for literature lovers and bargain hunters, an opportunity not worth passing up. I hate to advertise, but personally I plan on going to the sales event and am merely passing on a friendly whisper. The main source on the developing story, the huffingtonpost, main reporters Phil Wahba and Santosh Nadgir [editorial work by Derek Caney]. Wahba and Nadgir state, “After years of sharp sales declines that made it impossible to manage its crushing debt load, the second-largest U.S. bookstore chain filed for bankruptcy protection.” (Words rearranged, but not taken out of context, simply a summation). “Borders had liabilities of $1.29 billion and assets of $1.28 billion as of December 25th, 2010, according to documents filed on Wed. with U.S. Bankruptcy Court in Manhattan. It does not require a nuclear physicist to deduct their will be a mass lay off of Ames borders employees, which will likely ignite Union workers into protest if not worse prospects. Not to mention the worker Unions’ already passionately fiery disposition. If borders has gone for broke how long before other corporate giants come tumbling from the heavens. Too unfortunate that the news of the current economic depression were only shed to light when the top of the pyramid has been affected. Whether or not certain consciences prefer to be bothered by the daily sagas and declines of independent business, it was only a matter of time before the suffrage spread. In the words of our nations minds ” trouble does not bother me, but absolutely when it comes knocking on the doorstep.” Until Americans accept our unmatched monetary plummet, we shall continue to fall into the dark ages, with blind eyes and deaf ears.

 

 

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