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#bankrupt

1 post1 participant0 posts today

Designer-genius R. Buckminster
Fuller was one of the century's great nutjobs, a walking unorthodoxy who originally conceived of the
Dymaxion as a flying automobile, or drivable plane, with jet engines and inflatable wings. It would be one link in his vaguely totalitarian plan for the people to live in mass-produced houses deposited on the landscape by dirigibles.

time.com/4723114/50-worst-cars

Continued thread

Sen #RonJohnson (R-WI) said he was “disappointed” that the #Trump admin was not considering exclusions to the global #tariffs, & lamented the potential impact on #SmallBusinesses in his state that rely on #trade with a number of foreign companies. “Tariffs are a double edged sword,” Johnson told the trade rep Jamieson Greer, during his hearing before the #Senate #Finance Cmte. Johnson added, “I hope you & the president are sensitive to companies potentially going #bankrupt by these actions.”

#IRS Predicts DOGE Lost Half a #Trillion Dollars for the #USA #Congress is mute as #trump #doge #maga #GOP #republicans #bankrupt our democracy #taxes #taxation #economy IRS’ internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced #tax receipts by more than $500 billion by April 15th. This means we do not have enough money to power our economy so the goal is to send us into a giant crash? #taxpayers #demolition of #IRS

Site neutral payments and US rural hospitals:

The below #Politico article states of Republican budget plans:
It also finds $146 billion in potential savings from so-called site-neutral payment policy in Medicare, a bipartisan target that has been discussed as a potential pay-for in reconciliation.

If you live in a rural area, this change is likely to #bankrupt your local hospital.

Building and maintaining a rural hospital "costs more" because the fixed cost of maintaining an ER, or a labor and delivery center or a suite of 3 surgical rooms is a fixed cost. You can't make it cheaper.

politico.com/news/2025/01/10/s

I think this was very much inevitable. The merger I think would’ve been absolute mismatch and DOJ had full right to block it.

Ultimately this is Laker Airways in 80s all over again: getting out priced by competition.

#SpiritAirlines #Chapter11 #Airlines #Bankrupt #AVGeek

ir.spirit.com/news-releases/ne

ir.spirit.comSpirit Airlines Issues Open Letter to All Spirit GuestsSpirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today issued the following open letter to all Spirit Guests: We are writing to let you know about a proactive step Spirit has taken to position the company for success. Spirit has entered into an agreement with our bondholders that is expected to reduce our total debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value. Part of this financial restructuring includes filing a "prearranged" chapter 11. The most important thing to know is that you can continue to book and fly now and in the future. We also want to assure you: You can use all tickets, credits and loyalty points as normal. You can continue to benefit from our Free Spirit loyalty program, Saver$ Club perks and credit card terms. Our amazing Team Members are here to offer you excellent service and an elevated experience. We expect to complete
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@GottaLaff
I HAVE TO BELIEVE that this country hasn't gone so far down the rabbit hole that it would (re)elect a #racist #Hitler-quoting, #SerialSexualAssaulter, #narcissistic, #bankrupt #ConvictedFelon whose ineptitude is responsible for over one-MILLION #Covid deaths, who trashed the #economy and alienated our allies while cozening up to #dictators, stole #ClassifiedDocs, and promised to be "a #DictatorOnDayOne."

We CAN'T be that broken! 🤬