Forgot to mention at least one important caveat.

To some analysts current data doesn't suggest an inflationary pressure as a result of the #Trump #tariffs but, given the sorry state of the #US #economy right now, rather a #MarginSqueeze with (more) #layoffs & mass #bankruptcy as a result.

That of course would not be helpful at all, meaning a jump from the frying pan into the fire.

Others even foresee a #stagflation, combining the worst of two worlds.

Anyway, change will come. 🌎

It seems the #richpigs creditors 'solution is to rape the pension fund just like the same sort of scum did to International Harvester's workers when it went belly up, then re-emerged as Navistar debt-free. Also note that a well-known trucking company as large as this could only go belly up if the #USEconomy is going doooowwwwn.

"Yellow (Truck Lines) Creditors Have Own Plan to Share Trucker’s $550 Million"

https://www.bloomberg.com/news/articles/2025-03-17/yellow-creditors-have-own-plan-to-share-trucker-s-550-million #Labor #Bankruptcy

After bit of research, I think this is whats happening:

Step1: #Musk dismantles the #US #bureaucracy (which also happens to run the whole country, but whatever) to get a balanced #budget (which will be really low, because there won't be much revenue - but also not many expenses)

Step2: #Trump declares #bankruptcy for the US (which isn't technically declaring but negotiating and also not called bankruptcy but debt restructuring)

Step3: you my american friends are really fucked (& we a little)

#Western #lie #fraud #politicians Must Die!

A bankruptcy judge has rejected The Onion's bid to buy Alex Jones' Infowars site, ruling that the auction process was unfair. "I don't think it's enough money," Judge Christopher Lopez said after a two-day hearing. "I'm not going to approve the sale." It was not immediately clear whether there will be a new auction in which The Onion can participate. Here's more from @NBCNews.

https://flip.it/SLgOWV

#Media #News #TheOnion #Infowars #AlexJones #USLaw #Bankruptcy

Major OxyContin case headlines December session https://www.scotusblog.com/2023/11/major-oxycontin-case-headlines-december-session/ 'The justices will hear oral argument on Dec. 4 in one of their highest-profile bankruptcy cases in recent memory: Harrington v. Purdue Pharma, a challenge to the approval by the U.S. Court of Appeals for the 2nd Circuit of a bankruptcy plan for Purdue Pharma, the maker of OxyContin.

Faced with thousands of lawsuits accusing it of having deceptively marketed the highly addictive drug, Purdue Pharma filed for bankruptcy in 2019. It proposed a reorganization plan that would remake the company as a nonprofit devoted to addressing the public health problems caused by the opioid epidemic. But the plan would also release members of the Sackler family, which owned the company and had taken billions of dollars out of the company in recent years, from any future liability for claims against them.

The U.S. Trustee, the division of the Department of Justice that oversees the administration of bankruptcy cases, came to the Supreme Court over the summer, asking the justices to put the plan on hold. The justices agreed to do so and set the case for oral argument in December.

There are two main questions before the court. The first is whether the U.S. Trustee or the Canadian creditors challenging the plan have a right to do so at all, while the second question is whether the court of appeals was correct to confirm the plan. And more broadly, the case raises questions about whether and when it is appropriate to resolve mass tort cases – that is, lawsuits brought by a group of people who have been harmed in a similar way, such as in a plane crash or by a defective product – through the bankruptcy system.'
#SCOTUS #opioids #bankruptcy #liability #healthlaw