December 28, 2022

The Daily Bankruptcy News

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Law:

Four Practices Big Law Firms Need to Power 2023
(DBN)

Associates At These Biglaw Firms Are The Happiest With Their Money
(DBN)

London Law Firms Face a Reckoning in 2023 After This Year’s ‘Pay Scale Mess’
(DBN)

Law School Median Undergraduate GPA Soars To 3.60 From 3.51 in 2020
(DBN)

Apple Sued by Ex-Patent Attorney Over Discrimination, Harassment
(DBN)

The Jan. 6 Report: A Summary with Some Analysis Jan. 6 committee interview sheds light on origins of Proud Boys ‘1776 returns’ document Giuliani, Trump Spoke Up To 10 Times a Day, Jan. 6 Panel Told Mnuchin Briefly Discussed 25th Amendment to Remove Trump, Jan. 6 Transcript Shows Former Trump aide said he and other staffers couldn't imagine Trump marching to the Capitol on January 6 because he'd 'never seen the man walk across a golf course without a golf cart'
(DBN)

Trump tax returns to be released by House panel on Friday Did The Ways & Means Committee Play The Supreme Court On Trump's Tax Returns?
(DBN)

Former WH aide says Trump allies helped deliver a ‘dolly of boxes’ full of what may have been classified intelligence documents to the Situation Room in the final days of Trump’s presidency
(DBN)

An Insanity Plea For Donald Trump?
(DBN)

Arizona Judge Refuses to Sanction Kari Lake, Finding That Her Election Lawsuit Was 'Not Successful' But 'Not Groundless' Kari Lake 'Won't Stop,' Appeals Lawsuit Defeat and $33,000 in Fees Kari Lake appeals judge’s dismissal of Arizona election challenge
(DBN)

Donald Trump's Chances of Being Indicted in the New Year
(DBN)

Trump's lawyers keep getting slammed for filing conspiratorial lawsuits. Here are the 16 sanctioned so far.
(DBN)

Massive migrant tent erected at border in preparation for end of Title 42 Supreme Court allows Trump-era border policy to remain for now Supreme Court Orders Title 42 Border Restrictions Kept in Effect Supreme Court keeps Trump-era immigration policy in place, with conservative Justice Neil Gorsuch dissenting: 'We are a court of law, not policymakers of last resort' In Record Numbers, an Unexpected Migrant Group Is Fleeing to the U.S. Slipping Over Mexico Border, Migrants Get the Jump on U.S. Court Ruling Biden to Comply With High Court Order, Continue to Prep for Title 42 Lifting
(DBN)

Greg Abbott: Scrooge.
(DBN)

Whitmer kidnapping plot ringleader sentenced to 16 years in prison
(DBN)

More than 6K children killed, injured by gunfire in 2022: report
(DBN)

Where Trafficked Guns Used to Commit Crimes Come From
(DBN)

The City in Every State With the Most Gun-Related Crimes
(DBN)

Man Used Xmas Ornament In Domestic Attack
(DBN)

State lawsuits defend abortion access with religious freedom
(DBN)

Moorish Americans take over a rural gun range, sparking a strange showdown
(DBN)

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Judges:

Judge Frederick P. Corbit Selected to Serve on Ninth Circuit Bankruptcy Appellate Panel
(DBN)

BK ED MO: Appointment of U.S. Bankruptcy Judge Brian C. Walsh
(DBN)

What if regulation is unconstitutional?
(DBN)

Why the Jan. 6 Committee Let Ginni and Clarence Thomas Off the Hook
(DBN)

The problem is too many Americans no longer trust the Supreme Court. The solution is clear
(DBN)

In COVID-19, Judicial Conference Met Its Ultimate Challenge
(DBN)

Lake deletes tweet targeting Maricopa judge after officials seek sanctions Kari Lake’s Own Words Come Back to Haunt Her in Election Fight
(DBN)

Biden Builds a Judicial Legacy With Diversified Federal Courts
(DBN)

'A lone Trump-appointed judge in Texas' should not have the ability to block student-loan forgiveness for millions of Americans, says a Democratic lawmaker introducing a bill to stop it from happening again
(DBN)

______________

PACER:

Technological Difficulties Lead to Late-Filed Complaint . . . and Dismissal
(DBN)

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Wall Street:

Stock futures climb fractionally as investors look to new year
(DBN)

Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade
(DBN)

The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
(DBN)

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Layoffs:

Citing 'Haste' in Filing, Twitter's Lawyers Seek to Move Proposed Class Action over Mass Layoffs from California to Delaware
(DBN)

More than 100 employees to be laid off from Rockwood business
(DBN)

Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts
(DBN)

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Autos:

Car repos are on the rise, thanks to record-high monthly payments, recession warnings
(DBN)

Tesla’s Deepening Rout Obliterates Half of Meteoric 2020 Rally Tesla’s Ugly December and Other Omens for the Auto Industry Tesla stock walloped by "Category 5" storm as woes mount Did the Tesla Story Ever Make Sense? Tesla used car price bubble pops, weighs on new car demand Tesla’s stock is headed for its worst month, quarter and year on record No longer in 10-highest valued S&P companies Why Tesla Stock Lost More Than Two-Thirds of Its Value in 2022 Tesla stopped reporting its Autopilot safety numbers online. Why? Tesla Set for Longest Ever Losing Streak as 69% Plunge Deepens Tesla's Fremont Lot Filling Up with Unsold Cars
(DBN)

Here’s why 2023 could be another difficult year for the auto industry
(DBN)

____________

Tech:

Elon Musk is surrounded by yes-men, and it's a recipe for disaster: 'The emperor has no clothes, but everybody's too afraid to tell him'
(DBN)

Apple Shares Hit Lowest Since June 2021 on iPhone Supply Concerns
(DBN)

____________

Utilities:

Deadly Winter Storm Exposes Deep Flaws of US Energy System
(DBN)

US Power Grids Aren’t Good at Forecasting Cold. That’s a Big Problem
(DBN)

Why Are U.S. Power Grids Under Threat, And Who Is Attacking Them?
(DBN)

US Power Grid Tested and Failed
(DBN)

____________

Labor:

Third Activision Blizzard Video Game Studio Forms Labor Union
(DBN)

Investors’ Bets on Risky Assets Get Undercut by Strike Threats
(DBN)

Reuters Agrees to Wage Increase, Work From Home in US Labor Deal
(DBN)

____________

Food/Beverage:

Why restaurant chains are investing in robots and what it means for workers
(DBN)

____________

Cannabis:

The Sinaloa Cartel's 'narco juniors' have big plans for marijuana, and they're borrowing ideas from California's dispensaries
(DBN)

Struggling cannabis companies turn to Canadian insolvency law
(DBN)

____________

Distressed Investing:

Credit Market Cracks Widen as Distressed Debt Nears $650 Billion
(DBN)

____________

Politics:

Five questions shaping new battle for Senate
(DBN)

Liar Rep.-elect George Santos admits fabricating key details of his bio Congressman-elect George Santos faces increasing calls to resign Tulsi Gabbard tears into George Santos during Fox interview: ‘Do you have no shame?’ Eight outstanding questions surrounding George Santos Congressman-elect George Santos admits to lying about working at Goldman Sachs and Citigroup, and other key details about his background Rep.-elect George Santos apologizes for "embellishing" resume Incoming GOP congressman from NY calls for full House ethics investigation into Santos George Santos deleted his campaign biography and blamed 'elitist' New York Times for his lies about his employment history Republican Jewish Coalition says George Santos ‘not welcome’ at events after revelations Democrats call for George Santos to resign over ‘whopping lies’ Democrat Zimmerman challenges Santos to resign and face him again in special election Republican Jewish Coalition denounces Santos for lies about his credentials George Santos Made Up Much of His Resume But GOP’s McCarthy May Need His Vote Extra baggage Santos seen for 1st time since coming clean — with shopping bags from Hermes, Target — as GOP slams lies G.O.P. Leadership Remains Silent Over George Santos’s Falsehoods Tulsi Annihilates George Santos on Fox Old Federal Law Could be Santos' Undoing
(DBN)

Time is running short for McCarthy to lock up Speakership
(DBN)

New data: GOP's gap with independent voters
(DBN)

Mike Pence did not file to run for president, adviser says
(DBN)

Arizona judge rules out sanctions against Kari Lake but orders $33,000 in fees
(DBN)

Fox News Poll Shows 58 Percent of Voters Not ‘Glad’ Trump is Running Again
(DBN)

How Murdoch’s media empire turned on Trump in 2022
(DBN)

Trump Says He Asked Jared, Ivanka To Stay Away From 2024 Campaign, Denies Rejection Reports
(DBN)

Republicans see little resistance from the business lobby after 'anti-woke' attacks
(DBN)

Survey: Half of Americans, most Republicans think US global influence is waning
(DBN)

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Economy:

SF Fed: Recession Prediction on the Clock
(DBN)

America’s richest lost $660 billion collectively in 2022 — Elon Musk lost the most
(DBN)

Tech moguls lost combined $433 billion this year
(DBN)

US Goods-Trade Deficit Narrows to Smallest in Nearly Two Years
(DBN)

World economy is headed for a recession in 2023, say experts
(DBN)

People are giving up pets. Blame inflation.
(DBN)

Americans’ Wallets Set for Hit From Winter Home-Heating Bills
(DBN)

Global Bonds Slide as China Reopening Fuels Inflation Angst
(DBN)

Europe’s Mild Spell to Extend Into New Year, Easing Power Woes Russian oil price cap is hitting the Kremlin's export revenue and may widen its budget deficit, finance minister says Russia is prepared to resume some gas flows to Europe via pipeline, deputy prime minister says Russia bans oil sales to countries that accept price cap Germany Is Confident a Key Refinery Will Be Fine Without Russian Oil New sanctions starting to bite Russia’s economy as Moscow admits deficit impact Oil Edges Higher After Russia Bans Exports to Price-Cap Users
(DBN)

Military bases in U.S. that housed Afghan evacuees incurred a quarter-billion dollars in damage: Pentagon
(DBN)

The Biggest Recession This Century
(DBN)

3 signs the ‘pandemic economy’ ended in 2022—even though Covid is still around
(DBN)

From China to inflation, 5 economic trends to watch in 2023
(DBN)

Stop complaining, says billionaire investor Charlie Munger: ‘Everybody’s five times better off than they used to be’
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN

How People Really Live
(DBN)

______________

Real Estate:

Case-Shiller: National House Price Index "Continued to Decline" to 9.2% year-over-year increase in October Comments on October Case-Shiller and FHFA House Prices Home Prices Slip for Fourth Month With US Sales Market Slowing Home prices fell for fourth straight month in October amid Fed rate hikes
(DBN)

Homebuyers may want to target these markets in 2023
(DBN)

Home Sales In Las Vegas Drop 52%
(DBN)

Thousands Will Live Here One Day (as Long as They Can Find Water)
(DBN)

Third Delay in Ocean City’s Crown Bank Bankruptcy Sale
(DBN)

Denver: Auraria Student Lofts Files a Plan to Get Out of Bankruptcy
(DBN)

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Municipalities:

Many in Jackson, Mississippi, have no water as pipes burst in freezing temperatures Residents of Mississippi capital 'tired of apologies' as water stoppages continue
(DBN)

Chicago’s Shaky Pension Funds Face New Hit From Looming Downturn
(DBN)

Bankrupt Pennsylvania City Pushes to Sell Water System to Raise Cash
(DBN)

America’s ‘neediest’ cities ranked, from poverty to adequate plumbing
(DBN)

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Oil/Gas:

Shale Oil Powerhouse Sues Its Own Investors After 4,000% Stock Surge
(DBN)

TX: Refineries Could Take Weeks to Recover
(DBN)

US Natural-Gas Supplies Constrained as Extreme Cold Freezes Pipes
(DBN)

Record Output Slump for Top US Gas Basin Worsened Power Chaos
(DBN)

Nord Stream 2 pipeline firm gets 6-month stay of bankruptcy
(DBN)

$4 gas could return as soon as May
(DBN)

China’s Electric Car Exports Surge to Record on European Demand
(DBN)

____________

Crypto:

Lawyer fees mount in crypto bankruptcies
(DBN)

This little-known firm with a weird website was central to the misappropriation of FTX customers' money, regulators say FTX customers sent money to a fake electronics retailer with a website full of misspelled words that was key to funding SBF's Alameda, report says Bankman-Fried’s Fraud Case Is Reassigned After Original Judge Recused Herself Bankman-Fried's criminal case assigned to judge in Trump, Prince Andrew cases No-nonsense judge takes over FTX-Bankman-Fried criminal case Workers install security cameras outside Sam Bankman-Fried's family home Sam Bankman-Fried’s family pays $10K a week for armed security, sources say Sam Bankman-Fried, Crypto Face Reckoning After FTX Failure US Probes How $372 Million Vanished in Hack After FTX Bankruptcy SBF takes meeting with 'Big Short' writer during house arrest Strange FTX Hack Upon Bankruptcy Finally Attracts US Feds US: FTX Customers File Lawsuit To Claim Assets Of Bankrupt Firm FTX customers file class action lawsuit saying assets belong to them FTX Customers Sue Sam Bankman-Fried as Part of Chapter 11 Case Will FTX traders get their money back? Bankruptcy experts weigh in Alameda Lent Sam Bankman-Fried $546 Million for Robinhood Stake Sam Bankman-Fried may have trouble getting a plea bargain as 'the buck presumably stopped with him,' former federal prosecutor says These top deputies of Sam Bankman-Fried were former regulators who tried to expand FTX's reach in Washington, report says
(DBN)

Nobel Prize-winning economist Paul Krugman has trashed bitcoin as useless, inefficient, and largely a Ponzi scheme. Here are his 12 best quotes about crypto from the past decade.
(DBN)

Crypto will be fine
(DBN)

No key, no cryptocurrency – when crypto exchanges fail
(DBN)

Genesis Global Laid off 140 Employees, Filed for Insolvency
(DBN)

Gemini, Winklevoss Twins, Sued for Fraud Over Interest Accounts
(DBN)

Crypto Trader Charged With Fraud in $110 Million Alleged Mango Markets Scam
(DBN)

Bitcoin Mining Firm Halts Trading Amid Bankruptcy Fear
(DBN)

Crypto Exchange Kraken Will Close in Japan After Global Cuts
(DBN)

Crypto Bankruptcies Chip Away at Customers’ Anonymity
(WSJ)

UK's Argo Blockchain shares soar on deals to avoid bankruptcy Bitcoin Miner Argo Will Avoid Bankruptcy With $100M Bailout from Novogratz’s Galaxy Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading
(DBN)

Crypto's very bad year yielded even worse falls from grace. Here's a list.
(DBN)

____________

Movie Theaters:

AMC Theater Chain’s CEO Asks Board to Freeze His Pay in 2023
(DBN)

____________

Retailing:

Holiday spending exceeds expected increase, despite inflation
(DBN)

Sophisticated fraud ring costs online retailers over $600 million
(DBN)

Tuesday Morning Announces Voluntary Delisting from the Nasdaq Capital Market
(DBN)

____________

Religion:

In U.S., Childhood Churchgoing Habits Fade in Adulthood
(DBN)

____________

Personal Finance:

New rules make it easier to tap retirement account savings early for emergencies
(DBN)

____________

Tech:

The Woman Who Plans to Make Elon Musk Pay for His Twitter Sins
(DBN)

____________

Student Debt:

3 big questions the Supreme Court is likely to ask when determining the fate of student loan forgiveness
(DBN)

____________

Healthcare:

Madera Community Hospital Will Close, File for Bankruptcy
(DBN)

Catholic hospital in Colorado faces class-action lawsuit after police allege nurse spent years recording himself sexually abusing unconscious patients
(DBN)

Travel nurses took high-paying jobs during Covid. But then their pay was slashed, sometimes in half.
(DBN)

Two doulas, working remotely, help deliver a Christmas Eve blizzard baby
(DBN)

Boston schools mull mask mandate!
(DBN)

DeSantis’s request for COVID vaccine probe denounced by health experts
(DBN)

More than 80 Ohio children infected in measles outbreak, most unvaccinated
(DBN)

Deadly fentanyl hybrids and substitutes could fuel 2023’s opioid crisis
(DBN)

She Says Doctors Ignored Her Concerns About Her Pregnancy. For Many Black Women, It’s a Familiar Story.
(DBN)

Parents Often Bring Children to Psychiatric E.R.s to Subdue Them, Study Finds
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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 Statistics:

Bankruptcy filings of US private equity-backed companies inch up in 2022
(DBN)

More companies backed by private-equity firms filed for bankruptcy in the U.S. in 2022 compared to previous year
(DBN)

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Negotiation:

Tough Guys Finish Last In Negotiations (A Study)
(DBN)

____________

Mass Torts:

Bankrupted Alex Jones seeks emergency court order to prevent utilities from cutting his power off
(DBN)

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Exemptions:

9th Cir. Affirms Bankruptcy Court Ruling Avoiding Judgment Lien on Calif. Homestead Property
(DBN)

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Aviation:

Thousands of bags pile up in airports' baggage claims after Christmas delays $7.2 Billion In U.S. Subsidies Can’t Keep Southwest In The Air For Christmas Southwest Air Memos Showed Growing Alarm on Eve of Epic Winter Storm 'Never flying Southwest again': Stranded and frustrated customers scramble to find flights and alternative travel Transportation Secretary Pete Buttigieg reminds Southwest Airlines CEO that thousands of stranded travelers are entitled to meal and hotel vouchers 3,000 flights canceled, more than 4,100 delayed Southwest cancels 70% of its flights as travelers try to get home Buttigieg speaks with Southwest Airlines CEO amid mass cancellations A teacher facing an 'Armageddon of luggage' texted the phone numbers on tags to reunite holiday travelers with their missing bags Southwest Airlines falls 5% after it cancels thousands of flights over the holiday weekend, with more cancellations spilling over into the rest of this week Transportation Department to review Southwest's mass flight cancellations Southwest Airlines' CEO described Monday's operational meltdown, which left thousands of travelers stranded across the US, as 'a tough day' Travel snarled as more than 2,500 flights already canceled on Tuesday Southwest Airlines meltdown worsens; California airports hard hit with mass cancellations 50% of all flights canceled around the world yesterday were Southwest flights, as the airline collapsed under strain historic winter storm Why Southwest Airlines is canceling so many flights People Are Describing Chaotic Scenes Inside Airports After Southwest Canceled More Than 2,700 Flights Why Southwest is melting down Southwest warns of more flight cancellations as meltdown draws federal scrutiny Southwest stocks dip amid mass flight cancellations Chaotic winter travel causes NCAA referee to miss final game of his career Biden: Administration working to hold airlines accountable over flight cancellations Southwest Cancels 62% of Flights as Storm Leaves It an Outlier Lost Presents, Abandoned Trips: Southwest Cancellations Wreak Havoc
(DBN)

US Bankruptcy Court Officially Closes Aeromexico's Chapter 11 Proceedings
(DBN)

The world just doesn’t have enough planes as travel roars back
(DBN)

____________

Junk Bonds:

The Junk Bond Reckoning is Coming in 2023
(DBN)

____________

Climate:

Deadly blizzard that killed 57 people still wreaking havoc across U.S. Buffalo storm victim trapped while driving sent terrifying video to family before her death Death toll from historic winter storm reaches 60 as more snow expected Biden approves New York emergency declaration over "blizzard of the century" Christmas storm shows signs of stopping, but reportedly leaves at least 50 dead and millions without power in its wake Officials extend Buffalo driving ban, will enforce with NY troopers, military police Buffalo’s no stranger to snow. Why was the storm so deadly? A Buffalo woman found a stranger crying for help in the blizzard with a tote bag frozen to his hands. She scrapped her Christmas plans to care for him A car dealer used a payloader to drag a generator 4 hours through a blizzard to help Buffalo neighbors who were trapped without heat in the storm Buffalo blizzard death toll exceeds 30 as storm preparation questioned
(DBN)

TikToks from Seattle's ice storm showing people crawling up icy streets on their hands and knees and cars crashing in slow-motion into each other
(DBN)

Heavy snow in Japan leaves 17 dead
(DBN)

Atmospheric rivers sweeping West Coast trigger flooding and power outages
(DBN)

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Celebs:

ADL chief blasts ‘offensive’ Whoopi Goldberg comments on Holocaust Whoopi Goldberg faces backlash after repeating false Holocaust comments
(DBN)

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Sovereigns:

Ghana again extends domestic debt exchange registration deadline
(DBN)

____________

UK:

UK Boxing Day Shopping Spree Offers Retailers Temporary Relief
(DBN)

Crippling Energy Costs Threaten to Wipe Out UK’s Ceramic Makers
(DBN)

____________

EU:

ECB’s Guindos Sees Euro Economy in a ‘Very Difficult Situation’
(DBN)

Serbia places security forces on Kosovo border at state of 'full combat readiness' Ethnic Serbs erect more roadblocks as tensions soar in Kosovo
(DBN)

____________

Russia:

Ukraine’s Resilience Helps Halt Economic Drop, Central Banker Says
(DBN)

Star rising in Kremlin, Russia's Medvedev predicts war in West Russia's Medvedev: 'Fourth Reich' to be made up of Germany, Poland
(DBN)

Putin in crosshairs as Ukraine pushes for prosecuting crime of aggression
(DBN)

Russia jails first soldier who refused to go to war in Ukraine
(DBN)

Putin’s Soldiers Are Running Away From Key Battles: Ukraine
(DBN)

Russia Says Ukraine Must Surrender Even as Putin’s Army Retreats
(DBN)

Ukraine on the verge of recapturing Kreminna from Russia, official says
(DBN)

‘They Held Stalingrad. We’re Holding Bakhmut’: Inside Ukraine’s Shattered City
(DBN)

Drone attack hits Russia's Engels airbase for second time in a month
(DBN)

____________

Spain:

Spain Unveils €10 billion Package of Anti-Inflation Measures
(DBN)

____________

China:

China Says Economy Grew Faster Than Thought in 2021
(DBN)

China Banks Rush Traders Back to Office Amid Covid Disruptions
(DBN)

China’s Economy Is Showing Increasing Strain From the Covid Tsunami China Economy Faces Bleak Few Months, Faster Rebound Next Year
(DBN)

China Job Market Prospects, Income Confidence Plunge to New Lows
(DBN)

Chinese Public Shows Mixed Emotions About Covid Zero Ending Japan Will Test Travelers From China as Country Reopens Borders China to End Quarantines for Inbound Travelers as ‘Covid Zero’ Dismantled Hong Kong Searches for Flights to China Soar as Last Curbs Fall China’s Xi Urges Better Hygiene as Nation Continues Covid Shift 'The ICU is full': medical staff on frontline of China's COVID fight say hospitals are 'overwhelmed' China races to vaccinate elderly, but many are reluctant US Weighs Covid-Prevention Measures for Travelers From China Philippine Transport Chief Favors Curbs for Chinese Visitors China’s Nursing Homes Bear Deadly Brunt of Abrupt Covid Pivot
(DBN)

US Blasts China’s Military Drills Near Taiwan as ‘Provocative’
(DBN)

A new chapter of U.S.-China competition begins
(DBN)

____________

Japan:

Top Japan Bankers See Negative Rates to Stay as BOJ Roils Market
(DBN)

____________

South Korea:

Credit-Market Rebound Leaves Korea’s Weaker Firms Lagging Behind
(DBN)

South Korea Sends Drones to Kim Jong Un’s Airspace in Unprecedented Move
(DBN)

____________

MENA:

Iran Compels Jet to Land, Removes Family of Football Icon Ali Daei
(DBN)

Taliban education minister defends ban on university study among Afghan women UN Security Council denounces Taliban bans against women
(DBN)

U.S. Jewish leaders warn Israeli officials over incoming right-wing government
(DBN)

____________

Germany:

What Can Restructuring Laws Do? Geopolitical Shocks, The New German Restructuring Regime, and The Limits of Restructuring Laws
(DBN)

____________

India:

Expand small business insolvency model to big corporations too: RBI
(DBN)

From industry icon to defaulter: How Venugopal Dhoot lost his empire
(DBN)

____________

Japan:

Japan Factory Output Falls a Third Month as Global Demand Cools
(DBN)

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