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The [Tuesday] Papers

"The Illinois attorney general has asked Peabody Energy in a letter to explain how it would cover $92 million in future cleanup costs in the state if the company sought bankruptcy protection," Reuters reports.

"Peabody, the country's largest coal producer, said in a regulatory filing last week that it may have to seek bankruptcy protection, citing poor economies in countries that import coal and other factors weighing on the coal industry."

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Madigan is right to question Peabody. From the Beachwood vault:

* Bankruptcy Lawyers Strip Cash From Indiana Coal Miners' Health Insurance.

* Impact: Plan To Divert $18 Million From The Health Insurance Of Retired Indiana Coal Miners To Pay Bankruptcy Lawyers Is Dead.

* Big Company Spins Off New Company. Loads It Up With 8,400 Retirees. New Company Goes Bankrupt. Retirees Lose Benefits.

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Previously from Crain's: State Places A Risky Bet On Coal Company's Health.

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Lady Trojans
Triton Women's Basketball Team Enjoys Resurgent Season.

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BeachBook

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TweetWood
A sampling.

Fascism at home. No separation of powers between executive and legislative branches.

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The Beachwood Tip Line: Mini.



Permalink

Posted on March 22, 2016


MUSIC - Fan Note: Malcolm Young's AC/DC.
TV - FCC Wraps New Gift For Sinclair.
POLITICS - FCC About To Ruin The Internet.
SPORTS - The Connor Barf Game.

BOOKS - Inside The Book Of The Dead.

PEOPLE PLACES & THINGS - Safe Stuffing.


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