Interesting Personal Debt News Links (May 07, 2009)

May 7, 2009

* Blackouts and Cascading Failures of the Global Markets (Jeffrey D. Sachs, Scientific American)

Editor’s Note: This is the extended version of the “Sustainable Developments” column from the January 2009 issue of Scientific American.

* Protesters disrupt foreclosure auctions in Sacramento (Jim Wasserman, Sacramento Bee)

Protesters disrupted several foreclosure auctions Tuesday on the Sacramento County Courthouse steps, winning a temporary cancellation of one and sending an unidentified auctioneer to the hospital with chest pains.

* Sympathetic Victims? (Gwen Moritz Editor’s Note) (Gwen Moritz, Arkansas Business)

Our recent story about people who invested tens and hundreds of thousands of dollars in stock peddled by Darrell Lainhart of Sherwood included several sympathetic victims: A woman who needs the $30,000 her husband invested because hes now in a nursing home with Alzheimers disease, a disabled veteran, a man who hoped to become a full-time missionary.

* Assessing the future of the Cal Neva Resort and Casino (Annie Flanzraich, N Lake Tahoe Bonanza)

Nev. Since the Cal Neva Resort, Spa and Casinos bidder-free, two-state auction earlier this month, more than 25 new interested investors have inquired about the hotel and casino, said Steve Sugarman, a spokesman for owner Canyon Capital Realty Advisors.

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