May 13, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

After DLA Piper standardizes associate pay across markets, other law firms also boost pay
(DBN)

Big Law Firms Are Going to School on How Innovation Works
(DBN)

Mandating COVID-19 Vaccines? Biglaw Leaders Seem Wary Of Pushing The Issue Before Reopening Offices
(DBN)

Dallas Restructuring Attorney Set To Return To The Track
(DBN)

More female than male lawyers are engaging in risky drinking, new study finds • Women Lawyers More Stressed, Drinking More Than Men, Study Says
(DBN)

1 in 4 Women Attorneys Consider Leaving Law Because of Mental Health, Survey Finds
(DBN)

Partners Without Real Estate: Law Firms Are Entering New Markets Before Signing Leases
(DBN)

Law School Professor Just Won't Stop Begging To Use Racial Slurs
(DBN)

Lawyers Should Stop Gaslighting Each Other
(DBN)

Biglaw Partner Found Dead In Water Near Beachfront Home
(DBN)

As the legal profession ages, dementia becomes an increasing concern
(DBN)

This Top Biglaw Firm Took Quite The Financial Hit In 2020
(DBN)

Student Loan Debt 'Cancellation' May Feel More Like 'Law School Coupon Day' For New Lawyers
(DBN)

Paul Hastings Partner Pay Shown in Disclosure for Key Biden DHS Post
(DBN)

Billable Hour Skeptic, Diversity Advocate Now BASF’s Top Lawyer
(DBN)

Georgia State Bar Says There’s a Glaring Problem with Lin Wood’s Claim About How Mental Health Exam Request Went Public
(DBN)

The case for quoting the n-word in university classrooms
(DBN)

Jailed Militia Member Reportedly Claims Capitol Siege Defendants Formed ‘1/6ers’ Group Behind Bars, Sing National Anthem Daily • Key Trump officials to face Congress with Capitol riot response under scrutiny • Some in GOP Call Rioters Simple Tourists • Congresswoman says Trump administration botched Capitol riot preparations • Former Pentagon chief blames media "hysteria" for lack of troops on Jan. 6 • Ex-Trump Official Christopher Miller Backtracks on Blaming Trump for Capitol Riot, Points to 'Conspiracy' • ‘I have reassessed’: Former Pentagon official now says Trump may not have incited riot • ‘You’re ridiculous’: Tempers flare at House hearing on Capitol insurrection • Bodycam video shows a DC police officer being assaulted by Capitol rioters, with one yelling: 'I got one!'
(DBN)

Don McGahn agrees to closed-door interview with House panel on Russia report
(DBN)

Analysis of police misconduct record laws in all 50 states
(DBN)

Witness: Man angered by Texas deputies in yard killed them
(DBN)

Ex-cops in Floyd death claim witness coercion, harm of leak
(DBN)

Bank Robbery Hostage's Lawsuit Against Trooper Who Shot Her Revived by Federal Appeals Court
(DBN)

Judge Rules That Chauvin Treated Floyd With 'Particular Cruelty' • Judge finds 4 out of 5 aggravated sentencing factors in Chauvin case • Ruling clears way for longer Chauvin sentence in George Floyd murder
(DBN)

Judge asked to OK evidence of Ahmaud Arbery’s past troubles • Judge weighing relevance of Ahmaud Arbery’s mental health
(DBN)

Lawyers: Black man didn’t drive into deputies who shot him • Lawyer says new bodycam video proves Andrew Brown Jr.'s death was "cold-blooded killing"
(DBN)

Jimmy Inn's Family Grieve As Stockton Officer Shot Dead Leaves Behind 7-Month-Old Baby
(DBN)

Number of children traveling alone at border eases in April • ‘This needs to stop now’: Texas farmer finds five hungry, abandoned migrant girls on his land near southern border
(DBN)

Agents find more single adults are crossing border
(DBN)

NYPD officer set up tow-truck bribery scheme, used racist slurs, bragged about his 'Klan' haircut, feds say
(DBN)

Man and Woman Brawl Over Line-Cutting at Packed North Carolina Gas Station
(DBN)

Cops: 11-year-old robbery suspect drove stolen car
(DBN)

Orlando lawyer and mother left her kids at home to run an SUV into their father’s house
(DBN)

2 Year Old Shoots Both Parents with One Shot
(DBN)

______________

Judges:

'B--------- 3000' Makes A Court Appearance, As One Does
(DBN)

Biden Announces ‘Groundbreaking’ Third Batch of Nominees for Federal Judgeships — Here's What We Know
(DBN)

______________

Wall Street:

The Dow is set for more losses following its worst day since January with futures down 200 points
(DBN)

Traders not betting on a quick U.S. market rebound as tech stocks tumble
(DBN)

Wall Street’s Grip on Secret Harassment Hearings Starts to Crack
(DBN)

______________

Food/Beverage:

Help Wanted: Restaurants Suffer As Servers Rebuff Signing Bonuses
(DBN)

Amid rising inflation, Wendy’s CEO says restaurant is seeing labor costs pressure
(DBN)

Food for Thought: Can the Small Business Reorganization Act Be a Path for Restaurant Franchises?
(DBN)

Business lunches are back. And they're longer and boozier than ever
(DBN)

____________

Hotels:

As hotel prices skyrocket in Hawaii and Florida, California is cheaper than it's been in years
(DBN)

____________

Religion:

Pope face-to-face with the faithful again as COVID declines in Italy
(DBN)

Businessman Accused of Defrauding Vatican Arrested in London
(DBN)

____________

Coal:

GOP’s Barr Proposes Helping Coal Country With Rare Earth Mining
(DBN)

____________

Fraud:

The CFTC may deplete its entire pool of whistleblower rewards on one former Deutsche Bank executive, report says
(DBN)

'Varsity Blues' Parent and Former Private Equity Whiz Gets Three Months in Prison for Test Cheating Conspiracy
(DBN)

Miami man who bought Lamborghini with COVID-19 relief money sentenced to six years
(DBN)

____________

Crypto:

Bitcoin plunges as much as 15% after Elon Musk halts Tesla payments, citing climate damage in major U-turn • $365 billion wiped off crypto market after Tesla stops car purchases with bitcoin
(DBN)

____________

Hotels:

Hotel Labor Shortage Spurs Shift in Industry's Operating Model
(DBN)


____________

Politics:

Cheney ousted from House GOP leadership • What Liz Cheney told House Republicans before her ouster from leadership • Liz Cheney Ousted From GOP Leadership as Donald Trump's Grip on Party Remains 'Ironclad' • GOP Cancels Cheney • Freedom Caucus Republican says Cheney was 'canceled' • Liz Cheney says Trump and GOP backers threaten democracy • Liz Cheney rips Trump and Republicans who still support him, saying he 'risks inciting further violence' with false election claims, and warns GOP against abandoning the rule of law • Inside Liz Cheney's plan to take on former president Donald Trump • The Big Lie is the GOP’s one and only truth • Cheney on Trump: 'I will do everything I can' to keep him away from the White House • Kinzinger on Cheney removal: History will call this 'low point of the Republican Party' • GOP purged Cheney for 'unity,' but Trump bent on retribution
(DBN)

Flake: No greater offense than honesty in today's Republican Party
(DBN)

With Cheney ouster, GOP is betting on Trump and revenge. That might pay off.
(DBN)

McCarthy: "I don't think anybody is questioning the legitimacy" of Biden's win
(DBN)

Republicans draw ‘red line’ for Biden in Oval Office showdown
(DBN)

The other targets of Biden's bipartisan outreach: Manchin and Sinema
(DBN)

Pelosi: GOP in Cheney ouster declared 'courage, patriotism and integrity' not welcome
(DBN)

Hearing on Jan. 6 violence exposes stark partisan divisions
(DBN)

Democrats fundraise off of vote to remove Cheney from GOP leadership
(DBN)

Give it up Reagan Republicans, you're not in the GOP anymore
(DBN)

Elise Stefanik said she was one of the 'most bipartisan' members of Congress. Then she went all-in on Trump's false election claims.
(DBN)

More than 100 Republicans, including former governors and lawmakers, are threatening to form a third party if the GOP doesn't split from Trump • Republicans Unhappy With Trump’s GOP Chart Path for Alternative
(DBN)

An influential PAC group is telling businesses to restart political donations, including to GOP lawmakers who voted to overturn the election results
(DBN)

After spreading false claims, Michigan Republican wants to register, fine fact-checkers
(DBN)

House Republicans' leadership fight signals a new direction
(DBN)

Sen. Bernie Sanders blasts defense contractors over soaring costs, vows tougher oversight
(DBN)

Republicans have blocked a bid to allow voters standing in line to be given water
(DBN)

Democrats press for broader voter access as GOP resists
(DBN)

The prospects for Democrats’ major voting rights bill look grim in the Senate
(DBN)

Democratic fissures start to show after Biden's first 100 days
(DBN)

FEC drops first of several election complaints against Trump
(DBN)

Retired Officers Question Biden's Mental State
(DBN)

____________

Economy:

Cleveland Fed: Key Measures Show Inflation Increased in April • BLS: CPI increased 0.8% in April, Core CPI increased 0.9% • Consumer prices rise in April, stoking worries about an overheating economy • U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy • Consumer prices shot up 0.8% in April as worries escalate • U.S. consumer prices post largest gain in nearly 12 years in April • Inflation fears spook U.S. stocks, Treasury yields jump • Fed's Clarida plays down significance of rising inflation • Fed's Clarida sees risks of higher inflation and a weak labor market • Some of the inflation is transitory, but not all of it, says Fed's Bullard • Explainer: Why are fears of high inflation getting worse?
(DBN)

Unfilled jobs soar to record high as US employers struggle to hire new workers
(DBN)

As World Runs Short of Workers, a Boost for Wages—and Inflation
(DBN)

Investors may have misjudged the recovery summer
(DBN)

Why the sudden spike in inflation won’t last long, according to economists
(DBN)

April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead
(DBN)

Reopening is expensive
(DBN)

Obama, Biden Economists In Conflict On Inflation Jump, Spending
(DBN)

U.S. credit card balances drop even as spending is up
(DBN)

Economists Struggle To Forecast U.S. Recovery With Huge Misses
(DBN)

NY Fed Q1 Report: Total Household Debt Increased in Q1 2021, Mortgage Origination Credit Scores Edged Up
(DBN)

The economic recovery is getting messy. Just ask working women.
(DBN)

WeWork CEO says people in Texas and Florida are returning to the office 'in droves,' while some big cities are seeing a slower comeback
(DBN)

WeWork's CEO said people who are most comfortable working from home are the 'least engaged' with their job
(DBN)

Biden's $6 trillion spending program isn't welfare
(DBN)

GOP-led states are cutting $300 weekly federal unemployment benefits. Here are the 11 states making the cut this summer •Some states are cutting unemployment payments to push people back to work — are extra benefits really keeping Americans out of the labor force?
(DBN)

Federal Taxes, Spending and Deficit All Set Records Through April
(DBN)

GOP Senator Wants to Turn Unemployment Pay Into Signing Bonuses
(DBN)

White House calls on Mexican government to probe possible labor violations at GM auto plant
(DBN)

Biden Beats First GOP Effort to Block Stimulus Ban on Tax Cuts
(DBN)

Manchin, Other Democrats Back Biden Plan to End Carried Interest
(DBN)

Joe Manchin says he won't support extending the $300 federal weekly unemployment benefit from Biden's stimulus
(DBN)

McConnell, McCarthy say 2017 tax law is "red line" in infrastructure talks
(DBN)

Biden open to passing parts of his jobs plan without GOP support
(DBN)

Visualizing Global Corporate Tax Rates Around the World
(DBN)

Is it ethical for cruise lines, schools or Broadway to restrict entry to people not vaccinated against COVID-19?
(DBN)

In Reversal, Retirements Increased During the Pandemic
(DBN)

The 2021 Axios Harris Poll 100 company reputation rankings
(DBN)

Net Worth Needed to be Considered Wealthy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

How Tenants Pivot when Flex Space Firms Go Bankrupt
(DBN)

Feds target evictions by some of America's biggest landlords
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

‘I don’t care that I’m overpaying’: Houses are selling over asking price • People are panic buying homes as prices skyrocket around the world
(DBN)

Portland Real Estate in April: Sales Up 46% YoY, Inventory Down 53% YoY
(DBN)

South Carolina Real Estate in April: Sales Up 41% YoY, Inventory Down 56% YoY
(DBN)

Colorado Real Estate in April: Sales Up 41% YoY, Inventory Down 66% YoY
(DBN)

Houston Real Estate in April: Sales Up 58% YoY, Inventory Down 43% YoY
(DBN)

Soaring Lumber Prices: What Residential Investors Should Know
(DBN)

Housing-Market Surge Is Making the Cheapest Homes the Hottest
(WSJ)

____________

Municipalities:

Puerto Rico Oversight Board affirms PREPA deal
(DBN)

Snyder's legal team wants AG's office sanctioned over bankruptcy records
(DBN)

1,000 feral cats released onto Chicago streets to tackle rat explosion
(DBN)

____________

Oil/Gas:

Scramble on for new fuel routes after Colonial Pipeline hack • Colonial Pipeline restarts operations, but says supply chain issues may continue for 'several days' • Panic fuel buying strikes Southeastern United States as pipeline resumes operations • Colonial Pipeline Tech Audit Found Problems • Gas outrages spread further across the US even after the hacked Colonial Pipeline began pumping again • Panicked drivers in Southeast U.S. swarm pumps, ignore pleas to stop hoarding • U.S. retail gas prices top $3 a gallon for the first time in over 6 years • White House Open to Use of Foreign Ships to Ease Fuel Shortages • Gas shortages intensify in Southeast, with 71 percent of Charlotte stations now dry • 3 out of 4 gas stations are dry in some southern U.S. cities • Fuel shortages worsen on sixth day of top U.S. fuel pipeline outage • Cyberattack exposes lack of required defenses on U.S. pipelines • What Have Pipeline Companies Said About Cybersecurity? Not Much • Biden team moves swiftly to tackle pipeline political peril
(DBN)

Colonial faces deadline to decide on hacked pipeline restart
(DBN)

Hackers Can Take Out Even Bigger Targets
(DBN)

In Wake Of Pipeline Hack, Biden Signs Executive Order On Cybersecurity
(DBN)

Global Electric Car Stock Passes 10-Million Milestone • Electric Vehicle Market To Hit Ludicrous Mode
(DBN)

____________

Retailing:

People are shopping at department stores again. But don't call it a comeback
(DBN)

5 signs that retail is going to be OK
(DBN)

Simon Q1 shows a mall business on the mend, but in flux
(DBN)

Barnes & Noble owner buys stationery retailer Paper Source out of bankruptcy
(DBN)

Centric Brands adds to exec ranks, board as it eyes post-bankruptcy growth
(DBN)

____________

Movie Theaters:

Cineworld investors approve management pay, but discontent grows
(DBN)

____________

Autos:

Hertz Equity to Recover $8 a Share With Knighthead Plan Win • Bankrupt Hertz soars 68% after accepting a takeover bid that would give a rare payout to stock investors • Stockholders Claim Victory in Hertz Bankruptcy Auction • Once-doomed Hertz has rebounded so much even Redditors were right
(DBN)

Hertz update: Donlen sale closes & Chapter 11 bankruptcy exit funding
(DBN)

Some U.S. Car Shoppers Are Paying $5,000 Over a Vehicle's Retail Price • As chip shortage goes on, cars are scarce and prices are up
(DBN)

Jeep Maker Says Top Suppliers Failed Carmakers in Chip Shortage
(DBN)

____________

Non-Profits:

Fee applications in Boy Scouts bankruptcy exceed $100M; judge calls total 'staggering'
(DBN)

Not in My Court: Northern District of Texas Bankruptcy Court Dismisses NRA Bankruptcy Cases as Filed in Bad Faith
(DBN)

NRA’s Failed Gamble in Texas Court Boosts Chances of its Demise
(DBN)

Texas judge dismisses NRA's bankruptcy case — is this the beginning of the end?
(DBN)

NRA calls bankruptcy dismissal disappointing, says it 'will continue to fight'
(DBN)

____________

Healthcare:

Global tally of COVID-19 cases nears 160 million and variant first found in India is now in 44 countries
(DBN)

Taming the virus: US deaths hit lowest level in 10 months • America is finally winning its fight against the coronavirus
(DBN)

Wealthy nations once lauded as successes lag in vaccinations
(DBN)

CDC director defends widely criticized mask guidance: ‘We are following the science’
(DBN)

These long-awaited milestones could soon return as more young Americans get vaccinated, CDC director says
(DBN)

Expert panel says mistakes led to coronavirus pandemic, but stops short of holding countries, leaders to account • COVID-19 pandemic was a 'preventable disaster,' made worse by a lack of global coordination and dithering, independent panel finds • WHO 'Hindered' by World Leaders from Responding to COVID Pandemic, Panel Says • What went wrong? 13 mistakes that plunged the world into the coronavirus crisis
(DBN)

Italy's Draghi Calls for U.S. and UK to Lift Block on COVID Vaccine Exports
(DBN)

Pfizer Closes In on Getting Covid-19 Vaccine to Young Teens
(DBN)

Mix and match Covid vaccine study finds increased risk of adverse reactions
(DBN)

Ohio is offering $1 million lottery jackpots to vaccinated adults as an incentive for residents to get the COVID-19 vaccine
(DBN)

Hundreds in Orange County protest COVID-19 vaccine passports: ‘You’re not going to brand us’
(DBN)

Waiving patents for Covid vaccines won’t solve ‘need of the hour’: India’s Cipla • Pfizer's argument against waiving patent rights
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) • Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) • (2) •(3) •(4)• (5) •(6) •(7) •(8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Corporate bankruptcies slow for now, could pick up later in 2021, experts say
(DBN)

______________

Setoff:

Third Circuit Rules that Parties Cannot Contract Around the Mutuality Requirement for Setoff in Bankruptcy
(DBN)

____________

D&O:

Tower Versus Tower: Implications of SPAC Shareholder Litigation for the D&O Insurance World
(DBN)

____________

Litigation:

Will Bankruptcy Trustee and Receiver Litigation Be Different in the Future?
(DBN)

____________

Aviation:

U.S. air travel fell 51% in March amid coronavirus pandemic
(DBN)

Boeing: FAA has approved 737 MAX electrical fix
(DBN)

A maskless airline passenger blew his nose into a blanket. He now faces a $10,500 fine.
(DBN)

Reports of Disorderly Airline Passengers Are at an All-Time High
(DBN)

Italy Considering Further $121 Million Cash Injection for Alitalia
(DBN)

Creditors vote Wednesday on THAI rehab plan
(DBN)

____________

Tax:

'Champions League of tax avoidance:' Uber used 50 Dutch shell companies to dodge taxes on nearly $6 billion in revenue, report says
(DBN)

____________

Education:

Colleges Bond Deals Betting on Resurrection of Campus Dorm Life
(DBN)

Schools ditch student mask requirements in growing numbers
(DBN)

____________

Television:

TiVo wins MobiTV auction with $18.5M bid
(DBN)

____________

Banking:

Judge denies Citigroup a longer freeze on botched Revlon transfer
(DBN)

____________

Cruise Lines:

CDC lifts some mask rules for vaccinated cruise passengers
(DBN)

____________

Infrastructure:

I-40 Bridge on Mississippi Closed Indefinitely
(DBN)

____________

Sovereigns:

IMF to Resume Zambia Talks Once State Implements Policies
(DBN)

____________

UK:

Virgin Active win a "dangerous precedent" for British landlords • Virgin Active, successfully obtains court order restraining landlord enforcement action
(DBN)

Final Debenhams stores close as staff reduced to tears and shelves stripped bare
(DBN)

Renter eviction ban to finish at end of May
(DBN)

U.K.’s Johnson Urged to Accelerate Vaccine Rollout in Hotspots
(DBN)

Britons Are More Confident Than Europeans Over Pandemic Recovery
(DBN)

UK PM Johnson Has Unpaid 535 Pound Debt - Court Document
(DBN)

France to Hold up EU-UK Financial Services Deal Over Fisheries - Source
(DBN)

____________

EU:

Draghi Says EU Must Ease Fiscal Rules to Allow More Investment
(DBN)

ECB Pressed by Banks to Extend Capital Relief Beyond June Limit
(DBN)

____________

Canada:

Equitable Subordination Redux? Section 183 of the Bankruptcy and Insolvency Act and Respecting the ‘Legislative Will’ of Parliament”
(DBN)

Canadian consumer insolvencies surge 22.8 per cent in March
(DBN)

Freaked-out Canadians open to rate hikes to cool hot housing market
(DBN)

____________

Italy:

Italy Prepares $53 Billion War Chest to Save Stricken Companies
(DBN)

____________

Portugal:

Portugal’s hotels see huge spike in booking requests after UK gives green light on international travel
(DBN)

____________

Turkey:

A sweeping coronavirus lockdown in Turkey sets off arguments and economic anxiety
(DBN)

____________

MENA:

Death toll climbs and Arab-Israeli protests intensify as Israel and Gaza slip toward war • Over 70 dead in worst bombardments between Israel and Hamas for years • As Israel-Hamas conflict rages, violence spreads on Israeli streets • Mob 'lynching of Arab' aired live on Israeli TV • Israeli jets flatten 14-story building in Gaza • Netanyahu says Israel will strike Hamas 'like they've never dreamed possible': 'This is just the beginning' • Biden says 'Israel has a right to defend itself' after speaking with Netanyahu as conflict escalates • Israeli jets strike Gaza and Hamas launches rockets as ground troops stand by • Israel's Iron Dome has blocked some 90% of rockets fired by Hamas, limiting the impact of one of its biggest-ever barrages • Blinken assures Israel’s Netanyahu of U.S. support, urges deescalation as dozens killed • Hamas Targets Israel Nuclear Site, Oil Line as Conflict Death Toll Rises • Gaza crisis: Casualties pile up with no signs of ceasefire from Israel, Hamas • Video reportedly captures moment rocket hits bus in Israeli city of Holon • Explainer: How clashes in Jerusalem have sparked the heaviest Israel-Gaza fighting in years • Why So Much Rests on the Fate of a Tiny Neighborhood in East Jerusalem • A Scary Night for All, as Gaza and Israel Strikes Escalate • Dozens killed in Mideast conflict that recalls 2014 Gaza war • Violence upends Biden’s Israel-Palestinian outlook • Pakistan Prime Minister Imran Khan Says 'We Stand With Palestine' as Violence Escalates • The Human Cost Of The Israeli-Palestinian Conflict • As the violence escalated, reactions poured in from across the world •More Than 40 Senators Write to Biden Demanding End to Iran Nuclear Talks Over Hamas Funding • The Decades Long War for East Jerusalem • Nowhere to run: Fear in Gaza grows amid conflict with Israel
(DBN)

____________

Germany:

Germany Loosens Travel Rules as Covid Vaccinations Ramp Up
(DBN)

Germany Detains Suspects for Stoning Synagogue, Burning Israeli Flags
(DBN)

____________

France:

France Announces June 9 Reopening to U.S. Tourists
(DBN)

____________

Spain:

Spain sees foreign tourist numbers rebounding to 45 mln this year from pandemic slump
(DBN)

____________

Ireland:

Plan to boost rights of employees hit by insolvency
(DBN)

____________

Switzerland:

Swiss aim to re-open economy, donate AstraZeneca COVID-19 shots
(DBN)

____________

India:

'A Hell Out Here': COVID-19 Ravages Rural India
(DBN)

Scientists race to study variants in India as cases explode
(DBN)

____________

Sweden:

Sweden Delays Plans to Ease COVID-19 Rules on Some Public Gatherings
(DBN)

____________

Latin America:

Six Defaults in 13 Months Upend Latin America’s Bond Market
(DBN)

____________

China:

China’s aging population will be a ‘big shock’ to the global supply chain, says economist
(DBN)

____________


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