The Wall Street Journal ran a post over the weekend about a new credit crunch among low income borrowers, noting it is now ‘payback time.’ What they didn’t go into is that their primary interviewee is drowning not on expensive cars loans but student loans. This former student’s debt is far from extraordinary.

NEW YORK — The Chicago Cubs baseball team filed for Chapter 11 bankruptcy protection Monday, a step that will allow its corporate parent to sell the team in an $845 million deal. The filing in Wilmington, Del., was anticipated and is expected to lead to a brief stay in Chapter 11 for the Cubs.

I was interviewed recently on CNBC’s Closing Bell show on the investment opportunities Americans have with Chinese businesses, and the show’s host Maria Bartiromo mentioned the bad air and water quality that troubled her during her visit to China.  Bartiromo is certainly not alone in her observations, but what most people do not realize is the burgeoning green technology industry has arisen in China to improve the quality of the air and the water.  With a country population of 1.3 billion people, China is the world’s largest consumer of water.  As China’s global stature grows, the Chinese government has started to impose much stricter environmental and water quality standards and water treatment in China is becoming a priority issue for industries, businesses and municipalities. The Chinese government’s economic stimulus package includes over $36 billion for environmental projects such as waste water treatment and renewable energy facilities. The benefits of this government-backed stimulus is that a bumper crop of Chinese companies have emerged to address the country’s significant environmental hazards accrued from their multi-decade role as the “world’s largest factory” which was contaminated from sewage and other industrial waste products.

MOUNTAIN VIEW, Calif. — Google Inc. said Monday that a board member who also serves as a director for computer maker Apple Inc.

The Hill reports that leaked memos reveal a growing split within ethanol lobby. Darrin Ihnen, president of the National Corn Growers Association, sent a memo on Oct. 2 to his association’s state branches warning that a feud between the Renewable Fuels Association and Growth Energy could hurt the industry’s lobbying efforts and result in the loss of political support on Capitol Hill.

Monticello, has been quietly collecting hundreds of thousands of dollars in donations for the primary purpose of helping students pay for college. But the foundation, which enjoys tax-exempt status, has yet to award its first scholarship after six years in existence…

The world’s top CEOs are, of course, known for their expensive hobbies, ridiculous spending, and legendary work habits. But what they’re not always known for is good taste.