Sign of the Time: Yellowstone Can't Afford Electricity
When the Yellowstone Club filed for bankruptcy earlier this week, company execs were quick to reassure the clubs roster of billionaire moguls that the resort would remain open for the ski season. Now it looks like Bill Gates, Barry Sternlicht, Peter Chernin, Dan Quayle and the club's other members are going to need to find someplace else to spend Christmas vacation. Court filings indicate that the club doesn't have enough money to make monthly payroll, or even pay this month's food and electricity bills. What will happen? One suggestion: "Gates can just buy it and save the hassle of worrying about where to ski this winter." [WSJ]