By Steve Rhodes
“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
Posted by The Beachwood Reporter on Monday, March 21, 2016
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Posted by The Beachwood Reporter on Monday, March 21, 2016
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Posted by The Beachwood Reporter on Tuesday, March 22, 2016
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Posted by The Beachwood Reporter on Tuesday, March 22, 2016
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TweetWood
A sampling.
Fascism at home. No separation of powers between executive and legislative branches.
Rahm’s office tells @Aldertrack he’s still determining next chair of City Council ed committee–tho aldermen supposed to pick. #Transparency
— Mick Dumke (@mickeyd1971) March 22, 2016
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Trump: Ricketts family running #Cubs poorly because team lost 65 times last year.
— Beachwood Reporter (@BeachwoodReport) March 22, 2016
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“Sources tell me that Tribune Publishing had made an early assessment of antitrust action, but dismissed it.” https://t.co/goB4YFnFvv
— Beachwood Reporter (@BeachwoodReport) March 22, 2016
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Rahm wanted Rauner to sign bill giving city more time on pension payments. Nope. So city had to borrow $220 million. https://t.co/zLXZbQYjQT
— Chicago Sun-Times (@Suntimes) March 21, 2016
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Adam LaRoche vs. Lyndon LaRouche. Discuss.
— Beachwood Reporter (@BeachwoodReport) March 21, 2016
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Do you think @MarkHalperin is capable of feeling embarrassment? https://t.co/VduBb0dMRG
— andrew kaczynski (@BuzzFeedAndrew) March 21, 2016
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I think we can finally say it: Chelsea Clinton is the worst. https://t.co/kejFlz02C2
— Beachwood Reporter (@BeachwoodReport) March 21, 2016
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Verne Troyer as Mini-Me vs. Drake LaRoche as Mini-Me. Discuss.
— Beachwood Reporter (@BeachwoodReport) March 21, 2016
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The Beachwood Tip Line: Mini.
Posted on March 22, 2016