By Cherie Brower IStaff WriterI Money talks, and the federal court is now demanding answers from the financially floundering city of San Bernardino. Following the notorious municipal bankruptcy protection filing of 2012, San Bernardino has failed to produce a successful audit of its 2012-13 fiscal year. In the face of a $45 million deficit, an increase in costs, and a downward spiral in revenues, San Bernardino filed for Chapter 9 in 2012. A bankruptcy plan was set into place, with provisions to aid the city in regaining a footing on the forlorn financial outlook. It has now been over three years since the initial declaration and the City of San Bernardino has yet to produce a … [Read more...] about San Bernardino still in turmoil over bankruptcy
By Britney Vargas |Staff Writer| With four successful albums behind them, French band Phoenix takes a chance with their newly released album Bankrupt!, creating a surprisingly different sound. Prior to the release of their fourth album Phoenix was just an underground band desperately trying to make it big, despite their long, but dedicated run in the music industry. In an interview with Jason LipSchultz for BillboardBiz, guitarist/keyboardists Laurent Brauncowitz said "our strategy was to always try and keep the same direction through out all those years, and at some point, the wheel of fortune stopped at this position." Although not typically mainstream music, Phoenix won … [Read more...] about Phoenix strike it rich with Bankrupt!