Monday, December 22, 2008

Breaking: Flying J Seeks Chapter 11 Reorganization Relief

One big Ogden economic player actively gets its economic ducks lined up

By Curmudgeon

Important local economic news. Ogden based "Flying J" has filed Chapter 11 bankruptcy, citing low oil prices and inability to get credit to tide it over. The Standard Examiner live website has the story.

Editorial Comment: See? The 2008 Bush recession will effect the local economy. Even a big local player like "Flying 'J'" is NOT immune.

Comments?

How 'bout you? Do you have your own ducks lined up?

Update 12/23/08 11:44 a.m. MT: This morning's Std-Ex front page story fleshes out the the information provided in yesterday's StandardNET online edition piece:
Flying J Files for bankruptcy
Judging from the tone of the Flying J spokesman, casual readers might even be tempted to conclude that Flying J management is happy to have landed in U.S. Bankruptcy Court.

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