Freeport-McMoRan Flirts With Bankruptcy

Anyone who watches the fortunes of Bisbee has to monitor Freeport-McMoRan, the conglomerate that absorbed Phelps Dodge in 2007. Now the debt gambling giant is stumbling towards bankruptcy.

The New York Times blames the oil slump for the spending spree that has forced Bisbee’s corporate lords to begin selling off assets.

Will the old Phelps Dodge holdings go up for sale, along with Bisbee’s mines?

Bisbee Plastic Bag Ban Wins Again

Last Tuesday, City of Bisbee Council Voted 4 to 3 in favor of the ordinance banning plastic bags in the Bisbee city limits. Lots of heat, as our local Tea Party wrangles another loss.

Despite the complaints about this being a taxation without represention, the City of Bisbee will continue to be the most progressive and diverse town in Arizona.