Bankruptcy again for ‘Reader’s Digest’


USA Today has the story Bankruptcy again for ‘Reader’s Digest’.

Reader’s Digest is banking on a second circuit through bankruptcy court to shore up its fortunes.

Is Reader’s Digest the staunch fiscally conservative rag that is always excoriating the federal government for its un-business like habit of running deficits?  What it didn’t understand is that the Federal Government is sovereign in its own currency, but Reader’s Digest is not.

For the last 50 or so years that I have seen political and economic articles in this magazine, I have always wondered why they thought that they had the qualifications for picking which articles to digest.  Certainly the people who wrote these articles were singularly unqualified to be offering their opinions.

You have to reconsider whether you really ought to take financial advice from a right wing magazine.  I did that reconsideration when I was 17 years old or younger.  How long did it take you to figure this out?

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