Remember when people used to refer to a “Kodak moment”? That phrase, like the company it refers to, might be about to go the way of the dodo. According to the NYT, Kodak is having trouble even pretending that it has a future: “a lawyer representing Kodak creditors questioned management’s plan to borrow $950 million from Citigroup to stay afloat during the bankruptcy process, noting that the company had burned through $2 billion in the last two years trying to reinvent itself.”Kodak is one of those Rustbelt-based corporate citizens like Chrystler and GMC: The type that is socially-responsible, unionized, blue and inching toward the graveyard. Kodak’s failure to adapt to the times by producing digital cameras did not happen because they provide healthcare benefits for almost 40,000 retirees, but the financial burden of a large group of retirees on a shrinking company is preventing the company from restructuring and taking out loans on credit. As the article reports, the company spent $240 million on retiree healthcare benefits last year. Kodak’s story might be a microcosm of upstate-New York: it isn’t too big to fail, but it might be too old to reform. Change is needed, but it might not be coming, or at least not fast enough.