January 21, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Learning The Hard Way It's Best To Be Straightforward With Associates
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Counsel Often Wind Up In 'No Man's Or Woman's Land' When It Comes To Compensation
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Set Up Associates for Success by Making Expectations Compelling
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Attorneys Noping Out Of Mandatory Arbitration Agreements -- And Their Jobs -- At Elias Law Group
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NALP Report on Law Firm Diversity
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Adjunct Law Professors May Have Limitations
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Amy Wax Plots Racial Discrimination Suit Unless Penn Forgives Her For Denigrating Students, Bringing White Supremacists To Class Penn Carey Law professor Amy Wax sues University for racial discrimination, breach of contract
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SCOTUSblog Founder Indicted In Wild Poker-Fueled Tax Case SCOTUSblog's Goldstein Accused of Tax Fraud Tied to Gambling
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Florida Woman Bumbles Through Senate Hearing But Will Get To Be Attorney General Anyway
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Trump to begin mass deportations on Tuesday Trump orders troops to seal the borders and declares a national immigration emergency Millions Targeted for Immediate Expulsion as Trump Fulfills Vow Fearing Trump deportations, migrants start leaving US voluntarily Trump set to declare southern border emergency, order mass deportations Trump to Authorize Deployment of US Troops to the Border, Fox Reports Trump's orders to unleash sweeping limits on immigration, asylum ICE planning to ramp up arrests in major U.S. cities after Trump takes office India Set to Take Back 18,000 Citizens From US to Placate Trump How Mexico Is Preparing for Trump’s Promises of Mass Deportations Mexican president opposes Trump's immigration policies, but vows to help those deported Trump reinforces use of his 'Remain in Mexico' policy Mexico Says Relaunch of ‘Remain in Mexico’ Would Be Unilateral U.S. Measure Mexico Mobilizes Legal Army as Trump’s Deportation Threat Looms Trump to issue 10 executive orders cracking down on border Trump signs flurry of restrictive immigration orders on Day One Trump's Illegal First-Day Executive Actions Border Patrol agent dead after ‘being shot by illegal immigrant at traffic stop’ hours after Trump’s renewed crackdown National Guard troops worry Trump will deploy them for mass deportations Trump to end birthright citizenship for children of illegal immigrants, halt refugee flow Immigration Groups Sue Trump Over Ending Birthright Citizenship Chicago braces for immigration crackdown and deportations under Trump Chicago, San Diego Brace for Fight With Trump Border Czar Americans favor deporting undocumented immigrants, until they're asked how ABA calls on senators to oppose ‘deeply concerning’ immigration bill Laken Riley Act gives John Thune his first big win as Senate GOP leader Ruben Gallego wants Democrats to know what Trump got right Senate Democrats boil over Laken Riley missteps ‘Disgrace’: Pope Francis revives feud with Trump just before inauguration Hidden tunnel on US-Mexico border to be sealed ‘Sheriffs are going to be emboldened’: Republican sheriffs are raring to implement Trump’s deportation plans US Authorities Put Up Barricades At Mexico Border Ahead Of Trump Inauguration US Conducts Border Crossing Exercises Ahead Of Trump Inauguration Gangs Cash In On Desperation Of US-bound Migrants Migrants stranded when thousands of appointments to enter the US are canceled as Trump takes office What Democrats must learn from Biden’s disastrous immigration record Trump officials shut down CBP One app Sudden disconnect Migrants weep in Mexico as Trump admin cancels all appointments for Biden’s CBP One app immediately after swearing-in
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A Trump-Voting Farmer's Warning: Mass Deportations Would Be a Disaster
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The prosecution of Trump's ‘fake electors’ continues — even as Jan. 6 pardons loom
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Trump to pull nearly 1,660 Afghan refugees from flights, say US official, advocate
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Tennessee lawmakers take up bills over IVF, birth control, medication abortion Missouri lawmakers are going after voter-approved abortion rights. Voters will likely reelect them
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Tom Goldstein Hires Trump's Lawyers In First Good Bet In Years
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Trump’s Legal Showdown With Blue State AGs Is Already Happening
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Judge Cannon skeptical of Garland’s plan to show Smith report on classified docs case to lawmakers
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Biden issues preemptive pardons for Trump critics and Biden family members Biden pardons Fauci, Milley and the Jan. 6 committee in effort to guard against ‘revenge’ by Trump Left off Biden’s list of pardons: Jack Smith Schiff calls Jan. 6 Biden pardons ‘unwise’ Biden said his pardon of family was meant to shield them from Trump. That’s not the full story. Biden Posthumously Pardons Civil Rights Leader Marcus Garvey Biden commutes sentences of nearly 2,500 nonviolent drug offenders Biden Pardons His Family—and Gives Clemency to One Prominent Activist Trump slams Biden for pardoning Fauci, Milley and Jan. 6 committee staffers in final hours of presidency: ‘Disgraceful’
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Trump grants sweeping pardon of Jan. 6 defendants, including rioters who violently attacked police Schiff calls Trump’s’ Jan. 6 pardons a ‘grotesque display’ of power Michael Fanone calls Trump’s Jan. 6 pardon a betrayal Bipartisan Outrage on Pardons for Jan. 6 Rioters
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Prosecution warnings for ‘sanctuary’ officials may signal plans for the Trump administration
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Joe Biden Recognizes 28th Amendment (But That Doesn't Mean We Have An Actual Equal Rights Amendment) The Real Leaders On The Equal Rights Amendment
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‘Taylor Swift is my dragon’: The most absurd revelations from Justin Baldoni’s Blake Lively lawsuit How the Epic Hollywood War Between Justin Baldoni and Blake Lively Escalated - WSJ Justin Baldoni Streisand’s Accusations Against Him By Sending Legal Threat Over ‘Deadpool & Wolverine’
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No misconduct by NJ Attorney General's Office connected to Menendez case, inquiry finds
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Drake's Defamation Suit Assigns Blame To UMG And Popular Streamers. Does He Know We All Have The Same Internet?
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Man Kills Wife and Toddler Daughter, Shoots Two Other Children: Sheriff
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MS-13 Gang Leaders Face Decades Behind Bars for Suburban NYC Murder Spree
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Trump seeks to designate drug cartels as foreign terrorist organizations
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Trump signs death penalty order directing attorney general to help states get lethal injection drugs
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Ex-Georgia prosecutor on trial for hindering Ahmaud Arbery's murder investigation
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He pulled up to Palisades fire with a fire engine and an offer to help. It was fake, police say
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These are the cities where homicides decreased, and increased, in 2024
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Judges:

Director’s Awards Recognize 16 Employees, Including Bankruptcy Court Employees, for Leadership, Service
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Supreme Court Will Hear Clash Over LGBTQ-Themed Schoolbooks
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US Supreme Court dealt Biden historic series of defeats
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Gorsuch in TikTok Opinion Calls for Action on 'Secret Evidence'
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Supreme Court Justice Doubtful People Are Going To Pornhub For The Articles
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Two Judges Shot Dead At Iran's Supreme Court
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Wall Street:

Stock futures rise as Trump’s second term begins
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Dow futures rise 160 points as Trump sworn in as president with regular trading closed
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Dow surges more than 300 points, S&P 500 posts best week since period following Trump’s election
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The Stock Rally Is Back on Track. Memories of 2022 Linger - WSJ
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Stocks Up 55% Since Biden Took Office
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Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’ CEOs Optimistic on Growth Despite Trump Trade Tensions, PwC says
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Goldman CEO gets big pay boost, plus $80 million bonus for another five years at helm
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Layoffs:

AI’s Power to Replace Workers Faces New Scrutiny, Starting in NY
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Trump hires fed-firing mastermind
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WaFd sheds 8% of staff with mortgage exit
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Climate:

Global economy could shrink 50% between 2070 and 2090 from climate shocks, say actuaries
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US Fed Withdraws From Global Climate Change Initiative Trump says he’s withdrawing the US from the Paris climate agreement again What Trump’s exit from the climate deal really means
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Scotiabank Joins Wall Street-Led Exit of Bankers’ Climate Club
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Orsted Takes $1.7 Billion Hit as Trump Slams Offshore Wind Trump Says He Will Stop Leasing Federal Land for Wind Farms
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Winter Storm Warning for 12 States Amid 'Life Threatening' Cold Snap Millions across the US brace for plummeting temperatures and winter storms Wind chills 55 below; snow and ice in Florida: Extreme cold invading US
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Tesla built Musk’s vast wealth through climate credits. Trump may end them.
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Trump says he'll probably visit Los Angeles next week amid wildfires
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LA’s Devastation Is Revealed as Fires Come Under Control With ‘damaging’ winds, extreme fire danger returns to Southern California Why Firefighting Was No Match for Wildfires Altadena man used garden hoses to help save 7 homes, including his own, from the Eaton Fire In Car-Loving Los Angeles, the Charred Remains of Vehicles Cut Deep Separated By LA Wildfires, A Happy Reunion For Some Pets, Owners Before the celebrities and influencers came, Pacific Palisades was a 'small town' When houses are fuel: Why firefighting was no match for a California disaster decades in the making California's "red pill": MAGA wages information war as L.A. burns Dogs Prove Invaluable In Massive Search For Los Angeles Fire Victims Trump Laments L.A. Wildfires Destroying Homes Of “Some Of The Wealthiest & Most Powerful Individuals In Our Country” In Second Inauguration Address
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GoFundMe, Mandy Moore and the unfairness of disaster relief: ‘If you were poor before, you should stay poor’
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Slew Of Satellite Projects Aims To Head Off Future Wildfires
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Climate and energy lessons from Biden's four years
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Food/Beverage:

Steakhouse Chains That Are Struggling In 2025
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Wine sales drying up as Americans turn elsewhere
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America is seesawing between sobriety and boozing it up
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TGI Friday's Shutting Down Locations Across America
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Media:

Fox News Prepares to Cover a Government Filled With . . . Fox News Alumni
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Defamation Trial Yields Revelation CNN’s Revenue Has Dropped Some 400 Million In Three Years
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'Revenge Tour': US News Media Braces For Trump Return
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Hedge Funds:

Hedge Funds Kept $1.8 Trillion as Fees, or Half Their Gains
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Education:

Cash-Strapped Colleges Are Selling Their Prized Art and Mansions
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Settlements near $320 mln in college aid lawsuit after Caltech, Johns Hopkins deals
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Oklahoma voters sour on MAGA superintendent as schools flounder: columnist
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Texas could join Louisiana with a law to require the Ten Commandments in classrooms
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Crypto:

Crypto Industry Lists Regulatory Framework at the Top of Its Trump Wish List
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The truth about crypto
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Top FTX Creditors’ Representative Shares Update on Countries Restricted from Repayments
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Commerce Nominee Lutnick Is Backer of Outlaws’ Favorite Cryptocurrency
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Bitcoin Rallies to Record Level Ahead of Trump’s Inauguration
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Trump Coin Sparks Fury As Industry Grapples With Pump-And-Dump Dread Trump Coin crashes, recovers and slumps anew following Melania Coin launch. What’s next, for the incoming first family and the crypto industry Bitcoin slips, Trump token plunges over 20% as crypto sentiment cools Trump Meme Coin Crashes 48% Melania Trump joins her husband in the meme coin billions business Constitutional Crypto: How TRUMP's Solana Token Could Force a SCOTUS Showdown
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Long-Standing Crypto Cases Are Winding Down Before Trump Takeover
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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
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Healthcare:

Bill would allow receivership at financially distressed CT hospitals
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Tenor Health founder says Sharon Regional should open in two weeks
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Private Equity’s Grand Ambitions for U.S. Healthcare Hit Bumpy Stretch - WSJ
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Trump announces US withdrawal from the World Health Organization
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Weight-loss drugs may boost health in many ways
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Group Involved in Wuhan Virus Studies Debarred by US Health Dept Wuhan Keen To Shake Off Pandemic Label Five Years On
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'Generational Problem': Youth Still Struggling In Pandemic's Shadow
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Lt. Gov. Dan Patrick says Legislature should clarify Texas abortion law to protect mothers at risk
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Retailing:

Amazon Pauses Drone Delivery After Aircraft Crashed in Rain
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Gen Z is turning into big-time mallrats
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FTC Says Consumer Data Is Behind ‘Surveillance’ Pricing
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Costco's unionized workers vote to authorize a strike
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More than 200 Advance Auto Parts stores going up for sale
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Entertainment:

LA fires threaten to push Hollywood further away
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Inside the rise of the conservative movie industry behind 'Reagan,' 'Am I Racist?'
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Banking:

FDIC Files Liability Action Against Former SVB Executives FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’
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Trump Taps Travis Hill as Acting FDIC Chair
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TD slashes pay for 41 execs, expedites Chun’s start date
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Capital One outage drags into second day, leaving some customers without deposit access
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Manufacturing:

Oregon Tool, creditors hire legal advisors
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Transit:

NJ Gov. Phil Murphy makes personal appeal to Trump to kill congestion pricing
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Awards:

Association of Insolvency and Restructuring Advisors Announces 29 CIRA Certification Awards
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Music:

In San Antonio, an Orchestra Was Reborn. Can It Endure?
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Travel:

Huge global travel agency system files Chapter 11 bankruptcy
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Art:

Bankrupt Galerie Thomas Faces Criminal Probe, as Creditors Line Up
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Infamous Southern California art dealer jailed, ordered to pay nearly $13M
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Personal Finance:

Recruiters share the red flags they look out for in job candidates
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Motorcycles:

Farewell to KTM – the brand goes bankrupt, leaving 300,000 motorcycles in its warehouses – it’s official
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Aquariums:

SeaQuest for sale as fate of exotic animals remains in limbo
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Economy:

The economy starts the year in solid shape. Now it's in Trump's hands.
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Americans Are Divided in Their Views of the Economy
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Biden's Blemish: Wages Haven't Kept Up With Inflation
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Trump holds off on tariffs, cheering markets Trump says 25% tariffs on Canada and Mexico coming on Feb. 1 as he signs several orders on economy Trump promises 25% tariffs on Canada and Mexico are coming on February 1 that will 'make us rich as hell' Trump’s Tariff Shifts Are a Warning for Corporate America to Expect Whiplash Chinese Stocks’ Tariff Reprieve Is Likely to be Only Temporary Trade war has no winners, China’s vice premier warns, as Trump threatens tariffs Here are the products and companies most at risk from Trump’s tariff plans
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Yellen: Treasury starts "extraordinary measures" Jan. 21 to avoid debt limit
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Inflation and Insolvency Causing Interest Rates to Rise
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Charting the Biden economy: Despite all the growth and jobs, a deeply unpopular president
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World could soon see its first trillionaires, Oxfam says, as billionaire wealth surges
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Inflation That’s Stubbornly Sticky Is Biggest Threat to Global Economy, Hildebrand Says
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The Specter of Rising Food Prices Is Back - WSJ
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When Will the US Egg Crisis End?
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IMF raises US economic forecast as Canada and Europe fall behind IMF Raises Global Growth Outlook And Flags Rising Economic Divergence Trump's Economic Plans Could Cause Inflation: IMF Chief Economist
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WEF: Chief Economists Outlook: January 2025
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US To See Rising Debt, Deficit In Next Decade: Budget Office
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Tariff Threats May Stoke Protective M&A, JPMorgan’s Lysaght Says
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Trump's mass deportations could disrupt the economy
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Trump Sued Over Musk Cost-Cutting Effort by US Government Worker Union
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Gen Z Think the Retirement Age Should Be Lower
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As Trump takes office, Republicans face a high-stakes clash over his legislative agenda
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GOP flirts with magical thinking on paying for Trump's tax cuts
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Poll finds Americans are indifferent to or feel positively about DEI Christian Legal Group That Helped Topple Roe Shifts Fight to DEI BlackRock Settles With Tennessee Over ESG Strategy Trump to Sign Orders Defining Sexes, Ending DEI in Agencies
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Trump’s Tariff Threat Is Already Panicking the Junk Debt Market
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Swiss Police Clear Hundreds Of Anti-Davos Protesters As WEF gets underway, the list of world leaders not attending Davos speaks volumes New 'oligarchy' under fire as elites descend on Davos
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In US, Teleworkers Don't Want To Turn Back
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Trump rolls back DEI programs for federal workers
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Remote Work Became a Washington Way of Life. Is That About to Change? Trump imposes federal government hiring freeze, orders workers back to office Trump's new Schedule F strips federal worker protections Trump Sued Over Order Making It Easier to Fire Federal Workers
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'Zero remorse': the sneaky rise of no-work Fridays
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Trump Wants to End Federal Minimum Wage
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US Debt Clock
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World Debt Clock
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Real Estate:

When the Retirement Community Goes Bankrupt
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Home sales are stalled with 7% mortgages
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$300 Million Turned to Ash: See How These Malibu Beach Homes Were Wiped Out - WSJ
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Los Angeles Fire Victims Turn to Prefab Homes for Quick Builds
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Navigating Insurance for the Los Angeles Wildfires: What You Need to Know
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Who will pay for Los Angeles fire damages? Complexities abound.
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Why are lone homes left standing after the fires? It’s not entirely luck
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What happens when the California fires go out? More gentrification.
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Americans in disaster-prone areas are paying 82% more for home insurance than those in low-risk zip codes
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Massachusetts Weighs Tougher Shelter Rules as Trump Looms
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This New York city will be the hottest U.S. housing market in 2025, Zillow says—homes there go for under $230,000
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BMO to pay $40.6M over ‘misleading’ mortgage-backed bonds
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Texas HOA Charged With Discrimination for Banning Section 8 Renters
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Oil/Gas:

Independence Contract Drilling, Inc. Announces Emergence from Chapter 11 as a Private Company with Increased Liquidity and a Significantly Deleveraged Balance Sheet
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Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
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Trump revokes Biden order that had set 50% electric vehicles target for 2030
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Trump Orders US Waters Open to Oil Drilling, Reversing Biden
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Trump signs slew of sweeping energy executive orders
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Biden Cracks Down on Methane Leaks From Pipes in Finalized Rules
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Day 1: Trump to declare "emergency" in burst of energy orders
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Here Are the LNG Projects Set to Advance If Trump Lifts Freeze
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Non-Profits:

Businessman found liable for $120 million in damages at special needs trust company
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Politics:

Ideological extremes are growing in the US, new survey finds
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Do US adults support Trump’s Day 1 actions? Here’s what polling shows
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Conspiracy Theories Have Gone Through a Major Vibe Shift
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For Those Deemed Trump’s Enemies, a Time of Anxiety and Fear A List of Those Who Could Be in Line for Trump’s ‘Retribution’
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Trump is sworn in as 47th U.S. president Trump promises "Golden Age of America" in White House return Trump sets out to erase Biden’s legacy with pardons and orders immediately after taking office Trump finds letter from Biden in Oval Office desk while signing executive orders Time to Admit It: Trump Is a Great President. He’s Still Trying To Be a Good One. 'Half the country still dislikes him': Trump warned he could 'find himself in trouble' The world braces for Trump, hoping for the best, unprepared for the worst Beneath a veneer of calm, Trump’s inauguration holds warning signs for US democracy Trump, in his inaugural address, rips into the country’s past leaders and makes sweeping promises Trump doesn't place hand on Bible during swearing-in Trump Is the Oldest President to Take the Oath, Again Donald Trump Claims Divine Mandate in Dark Inaugural Address 'We will pursue our manifest destiny into the stars.' President Trump wants astronauts to raise the American flag on Mars Trump vows ‘America’s decline is over,’ ushers in ‘revolution of common sense’ in 2nd inaugural address Trump Holds Off on Tariffs, but Paves the Way for Future Trade Action MAGA fan traveled 2,700 miles to DC - but is forced to watch Trump inauguration on iPad Senator John Fetterman's hoodie and shorts raise eyebrows at Donald Trump inauguration Day 1: Tracking the notable attendees of Trump's inaugural events
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MLK's daughter urges Americans to "stay woke" ahead of Trump's return Minority groups more pessimistic heading into new Trump era: Axios Vibes poll
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Trump to Declare National Energy Emergency, Unlocking New Powers Trump suspends US foreign assistance for 90 days pending reviews Donald Trump sworn in, promising a ‘golden age of America’ after ‘betrayal’ Fact-checking Donald Trump's inauguration as the 47th US president ‘A lot of big lies:’ CNN fact checker smacks down bevy of Trump’s wild Oval Office claims A look at false and misleading claims Trump made at inaugural events Trump tests limits of presidential power with Day 1 barrage Trump rescinds Biden's census order, clearing a path for reshaping election maps Trump’s agenda is about to remake everything from immigration to taxes to education A Determined Trump Vows Not to Be Thwarted at Home or Abroad Trump is back with a big agenda, a mandate — and an axe to grind Trump faces stiff challenges delivering on his promised 'Golden Age' Executive orders show Trump’s power and political theatre, but his honeymoon period may be short-lived Trump Barely Won the Popular Vote. Why Doesn’t It Feel That Way? Biden-era policies on the Trump 2.0 chopping block Day 1: Trump to revoke security clearances of 51 former intelligence officials How Trump plans to cement control of government by dismantling the 'deep state' Trump's initial executive orders to include renaming Gulf of Mexico Hillary Clinton laughs as Trump announces ‘Gulf of America’ order President Donald Trump vows to rename Denali to Mount McKinley in inaugural address Trump plans to rename Gulf of Mexico, Mount Denali — but can he? 6 factors to watch in the incoming Trump administration Trump is about to be sworn in. Here are all the changes he has promised to make on Day One. Trade Wars, Culture Wars, And Anti-immigration: Trump's Big Promises 'Deep Stain On History': Critics Shred Trump Over 'Sickening' Move On His First Day Emboldened Trump Returns to Power With New Allies, Clear Goals Get ready for Trump’s executive order onslaught Trump looks to remake America with sweeping second act Government's reproductive rights resource goes dark hours into new Trump administration Trump takes victory lap, thrills MAGA crowd at pre-inauguration rally Key Takeaways From Trump's Inauguration Eve Speech Trump Tells Inauguration Eve Rally ‘American Decline’ to End Why Trump supporters see sunshine in Trump’s dark and foreboding speeches Companies Should Follow Own Rules, Scrap Inauguration Donations Trump team's confidence is sky-high but warning signs abound Trump Brings a Chill to Washington Who’s been invited? World’s far-right populists pack guest list for Trump’s inauguration Inside the frantic White House switch on Inauguration Day How the Bidens are moved out, Trumps are moved into White House on Inauguration Day
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Snoop Dogg and Nelly Face Fan Backlash Over Trump Inauguration Shows
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The ‘Trump Home Shopping Network’ is on the air — buyer beware
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Milley portrait taken down from Pentagon
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Trump’s cabinet picks prepare for the lowlight
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Nashville airport could be renamed after Donald Trump
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At Trump's freewheeling Mar-a-Lago, allies jockey for jobs, tee times and a spot on the buffet line
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Trump launches his own $TRUMP meme coin, price soars overnight Trump launched a meme coin and it became worth $72 billion overnight Trump’s Memecoin Creates Billions From Thin Air Before DC Return Donald Trump is the newest crypto billionaire Trump’s Volatile New Memecoin Sucks Flows, Saps Wider Crypto Market Crypto Executives Warn Trump’s Memecoins Harm the Industry ‘Horrible look’: Crypto lobby reels from Trump’s ‘memecoin’
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The Donald Trump 2.0 Grift Is Already On
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Bannon: Billionaire CEOs have surrendered to Trump Government of the wealthy, by the wealthy, and for the wealthy Tech CEOs flock to Trump's inauguration Trump Just Handed Steve Bannon a Big Weapon in His War With Elon Musk The Billionaires Flocking to Mar-a-Lago to Meet With Trump See the billionaires and CEOs who attended Trump's inauguration Billionaires got prime seats to Trump's inauguration — ahead of his own cabinet and lawmakers Lawmakers side-eye billionaire CEOs getting prime Trump inauguration seats ‘I’m going in front!’ Marjorie Taylor Greene angrily cuts in line at Trump inauguration
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New 'Oligarchy' Under Fire As Elites Descend On Davos
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‘Which Time Were You Lying?’: The Great CEO Flip-Flop Over Trump Hits Davos
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Donald Trump's Greenland Dream Has a China Problem "We're taking it back": Trump threatens war over Panama Canal in inaugural speech Panama: You Can't Have the Canal Back Panama, familiar with US intervention, bristles at Trump’s comments on canal Trump: ‘We don’t need’ Latin America
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Trump repeats geopolitical flub in bizarre exchange with reporters
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Trump vexes New Zealanders by claiming one of their proudest historical moments for America
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In a New Age of Empire, Great Powers Aim to Carve Up the Planet - WSJ
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Senate unanimously confirms Rubio as secretary of State
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Scores of Senior Diplomats Are Leaving Posts as Trump Takes Office
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‘Karma is real’: Threats over California fire aid reshape disaster politics
(DBN)

Biden leaves office believing history will redeem him Joe Biden Didn’t Just Lose the White House. He Lost His Legacy How Biden Destroyed His Legacy
(DBN)

Gabbard brought in over $1.2M as a MAGA celebrity, filings show
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Democrats Search for Policy Lessons as Trump Takes Office
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‘Lady McBiden’: Alexandra Pelosi Blasts the First Lady
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Washington Lobbyists Turn to Musk’s DOGE to Influence Trump Elon Musk's DOGE hit with 3 lawsuits just minutes after Trump becomes president Nonprofit Groups Sue Trump Administration Moments After Oath Ramaswamy Will Use DOGE as Springboard to Run for Ohio Governor Vivek Ramaswamy to leave DOGE and launch a run for Ohio governor Trump Forced 'Irritating' Ramaswamy Out of Doge 'Everyone wants him out': How Musk helped boot Ramaswamy from DOGE DOGE officially comes to power today. Here's what's likely first on the agenda Musk Appears With Trump, Vows To Make US Strong 'For Centuries'
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Elon Musk performs bizarre 'Hitler salute' at Trump inauguration rally Nadler condemns ‘what appears to be a Heil Hitler salute’ from Musk News site focused on Elon Musk to launch
(DBN)

What Samantha Power Regrets and Her Advice to the Trump Administration
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'I don't celebrate rapists' AOC says announcing she will not attend Trump's inauguration
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Lauren Sanchez sparks outrage with 'visible lingerie'
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Alabama and Mississippi will also honor Robert E. Lee on Martin Luther King Jr. Day
(DBN)

Meet Melania's secret sister: First Lady's 'guiding light' who hasn't been seen in 20 years
(DBN)

Biden Reportedly Spent Final Hours of Presidency in ‘Dark’ Mood: ‘Never Stopped Feeling Angry’ After Being Forced Out
(DBN)

As Trump is inaugurated, activists ask: is there any point in mass protest?
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Trump repeals rule allowing transgender troops to serve in military Trump vows to reinstate COVID vaccine refusers and orders troops to the border as part of US military overhaul
(DBN)

Senate Committee Approves Pete Hegseth
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Student Debt:

US Student Debt Ends Biden Era Bigger Than When He Took Office
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Personal Finance:

From six figures to $25 an hour: These struggling job seekers are settling for lower-paying jobs to pay the bills
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Religion:

The Spirit of Jubilee
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Pope Hopes Trump's US Will Have 'No Room For Hatred' Pope Says Trump's Planned Deportations Would Be 'Calamity'
(DBN)

Gallup: Trust in Pastors Continues to Decline
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Sports:

Lawyers Turn Athletic Directors in Era of NIL Deals, Lawsuits
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Autos:

Canoo ceases operations and declares bankruptcy Canoo Is the Latest EV Startup To File for Bankruptcy, but It Will Not Be the Last Once-Promising Canoo Is The Latest EV Startup To Fall Apart
(DBN)

Auto Industry Faces 'Ongoing Storms of Disruption'
(DBN)

Tesla lost $15 billion in brand value last year with aging lineup, Musk at helm, researchers found
(DBN)

Electric Vehicle Sales Have Stumbled. What Went Wrong?
(DBN)

Trump Tariffs Would Harm Major US Auto Buyer, GM Canada Chief Says
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Labor:

Costco union representing 18,000 workers authorize nationwide strike
(DBN)

____________

Auto Racing:

Former NASCAR team owner hit with $31 million fine in bankruptcy fallout
(DBN)

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Comic Books:

How Many Comic Store Closures Will The Diamond Bankruptcy Cause? The Collapse of a Comic Book Titan Is Bad News for a Troubled Industry
(DBN)

____________

Consumer Protection:

CFPB Fights Deplatforming & Censorship With New Rule To Block Rights-Violating Financial Contract Clauses
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (32 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Cybersecurity Breaches Are Increasing Business Insolvency Risks
(DBN)

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Mass Torts:

Diocese of Rockville Centre Pioneers a Global Resolution for Itself, Its 136 Parishes, and its Settling Insurers Post-Purdue
(DBN)

DOJ sues Walgreens, alleging it ‘knowingly’ filled millions of unlawful prescriptions
(DBN)

Alex Jones’ allies and foes are gearing up for a 2nd Infowars sale to pay Sandy Hook families
(DBN)

____________

Miscellaneous:

Impactful rulings and cases shaping bankruptcy law: 2024 restructuring recap
(DBN)

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Trustees:

U.S. Trustee Program Appoints 35 Private Trustees in 2024
(DBN)

____________

Aviation:

US's Spirit Airlines secures chapter 11 exit funding
(DBN)

Bankrupt airline Go First's liquidation plea approved by law tribunal NCLT orders liquidation of Go First, ending 20-month insolvency saga
(DBN)

Air Senegal: We risk bankruptcy
(DBN)

Bankruptcy Court Affirms Thai Airways’ Rehabilitation Plan and Rejects Proposal for Additional Administrators
(DBN)

Australian startup Koala Airlines facing winding-up legal action from creditors
(DBN)

All Houston airports to close ahead of arctic front
(DBN)

SpaceX Starship Explosion Triggers FAA Mishap Investigation
(DBN)

Bezos’ Blue Origin Reached Orbit on Its First Try. Now Comes the Hard Part
(DBN)

British Airways sues airport handlers for $1.2 million after almost 20 pounds of gold jewelry was stolen
(DBN)

____________

Tech:

US Supreme Court upholds TikTok ban-or-sale law TikTok goes dark in the US TikTok begins restoring service for U.S. users after Trump comments TikTok creators react to restored service: 'My whole livelihood was on the line this weekend' Was the whole TikTok drama a bait-and-switch to make Trump look good? TikTok is Trump's problem now Trump says the US should be entitled to get half of TikTok Trump, GOP China hawks at odds over TikTok ban Johnson says ‘we will enforce the law’ on TikTok ban, 2 GOP senators break with Trump on extension 'TikTok is back': Trump makes an appeal to young voters at his pre-inauguration rally TikTok ban falls hard on Apple and Google TikTok users scramble as SCOTUS upholds US ban TikTok Credits Roll as Users Howl Over Distorted Government Priorities US TikTok Users Say They Can't Access App Even With VPNs Trump, Xi hold phone talks on TikTok and trade Donald Trump Reveals His Plan to Save TikTok The TikTok ban highlights what Congress hasn’t done SCOTUS Upholds Major Blow To American Soft Power 'Red Note' - The Chinese App Being Embraced By TikTok Refugees America's fear of China goes way beyond TikTok
(DBN)

Biden’s Chips Team Hands Off $52 Billion Program to a Skeptical Trump
(DBN)

Tech giants' dreams of AI price hikes meet resistance
(DBN)

2 in 3 Leaders Would Not Hire Someone Without AI Skills
(DBN)

Biden’s Sweeping AI Order Scrapped by Trump in Regulatory Reset
(DBN)

Companies need to expose employees to AI so they start seeing it as a 'digital colleague,' says PwC head
(DBN)

A chilling, "catastrophic" AI warning
(DBN)

How an AI agent was so good it was literally given a seat at the boardroom table
(DBN)

EU Deepens Probe Into X After Musk Outbursts
(DBN)

Meta Will Use Fact Checkers Outside the US ‘for Now’
(DBN)

India Uses AI To Stop Stampedes At World's Biggest Gathering
(DBN)

The broligarchs have a vision for the new Trump term. It’s darker than you think.
(DBN)

Welcome to the era of gangster tech regulation
(DBN)

Sam Altman posts letter from senators concerned about OpenAI efforts to ‘cozy up’ to Trump
(DBN)

____________

Newspapers:

Chicago Reader Announces Restructuring and Layoffs
(DBN)

____________

Utilities:

Edison Utility Faces First Death Lawsuit Over Raging LA Wildfire
(DBN)

LA Fires Reveal Limits of California’s $21 Billion Utility Fund
(DBN)

Wintry mix of precipitation could cause Texas power outages, but ERCOT says statewide grid is ready
(DBN)

____________

Software:

Ivanti hires legal advisor, creditors organize
(DBN)

____________

Theatres:

Bay City State Theatre sues three former officials
(DBN)

____________

Sovereigns:

Sovereign Debt Restructuring – is it time for new UK legislation?
(DBN)

Ex-Mozambique Minister Sentenced For Role In 'Hidden Debt' Scandal
(DBN)

Cuba and creditors agree on debt restructuring
(DBN)

____________

UK:

Monthly Insolvency Statistics: December 2024
(DBN)

Businesses administrations expected to increase again in 2025
(DBN)

Personal insolvencies jumped by 14% annually in 2024 across England and Wales
(DBN)

Part of Thames Water restructure plan ‘holds company to ransom’, High Court told Thames Water faces fresh legal challenge over £3bn creditor loan
(DBN)

Derbyshire parish council facing possible bankruptcy says it is taking ‘decisive action’
(DBN)

Overdue invoices in the North West top 6.8 million in 2024, research shows
(DBN)

Future of Pizza Hut Restaurants secure as Heart With Smart acquired in pre-pack administration
(DBN)

Bankrupt Katie Price quoted six-figure fee for car insurance after multiple driving offences
(DBN)

Clifford Chance's lawsuit against SocGen can continue in London, appeal court rules
(DBN)

UK Braces for ‘All Scenarios’ Ahead of Trump’s Action on Tariffs What Britain desperately wants from Trump 2.0 UK's Starmer Willing To Enter Trade Talks With US UK’s Growing US Trade Surplus Highlights Trump Tariff Threat UK Delays Bank Rules for a Third Time on Trump Uncertainty UK's Starmer Congratulates Trump Ahead Of Inauguration Want to butter up Donald Trump? Roll out King Charles UK Foreign Minister Lauds Trump's 'Incredible Grace'
(DBN)

Will UK business face supply chain challenges now Trump is in office?
(DBN)

Prince Harry Takes On Rupert Murdoch’s U.K. Tabloids in a High-Stakes Trial Here’s what led to this high-stakes trial Prince Harry accuses The Sun of deleting 30 million emails in ‘cover up’ as phone hacking trial begins
(DBN)

UK Teen Pleads Guilty In Girls' Killings That Triggered Riots
(DBN)

UK White Supremacist Gets Life For Trying To Kill Asylum Seeker
(DBN)

____________

EU:

Hunkemoller offers Europe taste of lender-on-lender violence
(DBN)

This is how Europe can avoid a 'downward spiral' and face up to Trump and China, according to one of consulting's biggest names
(DBN)

Europe’s Concern Over Trump Isn’t a Global Opinion
(DBN)

EU Mulls Dropping China Trade Case, Frustrating Trump Team
(DBN)

EU, Mexico Seal Trade Deal as Trump Threatens Tariffs
(DBN)

EU Reopens Trade Deal Talks With Malaysia As Trump Threat Looms
(DBN)

Fear and loathing in Davos: EU frets about its lose-lose choice between Trump’s US and Xi’s China
(DBN)

Spain PM Proposes To Ban Home Purchases By Non-EU Buyers
(DBN)

____________

Canada:

Rocky Mountain Bikes under creditor protection as global bicycle industry reels from effects of pandemic
(DBN)

Royal Helium files for bankruptcy protection to stabilize operations
(DBN)

San Group Assets, Including Port Alberni Sawmills, Up for Sale Amid Creditor Protection
(DBN)

Canada’s Soft Landing in Jeopardy as Macklem Faces Trump Tariffs Canadian Businesses’ Optimism Grows, But Trump Threats Raise Risks Canadian Oil Rallies on Signs Trump Will Hold Off on Tariffs
(DBN)

Residents Of Canada, US Border Towns Fear Trump Creating Divisions
(DBN)

The biggest name in Canada’s race to replace Justin Trudeau: Donald Trump
(DBN)

____________

Italy:

Ashurst grows restructuring offering in Italy with hire of Antonio Azzarà
(DBN)

____________

MENA:

Israel and Hamas ceasefire deal takes effect as families await hostage release Hamas Releases Three Israeli Hostages as Ceasefire Moves Forward Released Israeli Women Hostages In 'Stable Condition': Hospital Israel Army Says Freed Gaza Hostages Reunited With Their Mothers Gaza Challenges Mount as Hostages and Prisoners Walk Free AK-47-wielding Hamas terrorists come out of hiding to throw parade on dawn of Gaza ceasefire & hostage release Crowds Cheer As Freed Palestinian Prisoners Arrive In West Bank Town Gaza Deal Sends More Than 230 Palestinian Prisoners Into Exile Late Night Tears And Hugs For Released Palestinian Prisoners Next Gaza Hostage Release To Take Place Saturday: Hamas Official Egypt Says Israel To Free Over 1,890 Palestinians In First Phase Of Gaza Truce Israeli Official Resigns As Gaza Ceasefire Starts Israel FM Warns Regional Instability To Persist If Hamas Stays In Power In Gaza Chaotic crowds, gunmen surround Gaza hostage handover Trump adviser tells hostage families president-elect is committed to full Gaza deal Netanyahu Says Israel Reserves 'Right To Resume War If Necessary' With US Support Palestinian President Says Ready To Assume 'Full Responsibility' In Gaza UN Races To Feed One Million Gazans After Truce Away From Home, Egyptian Truckers Waited Months To Deliver Aid To Gaza Egypt Says 50 Fuel Trucks To Enter Gaza Per Day Food and Other Vital Aid Surges Into Gaza After 15 Months of Scarcity Pope Calls For Gaza Ceasefire To Be 'Immediately Respected' Democrats and Republicans both taking credit as cease-fire begins
(DBN)

Gaza faces 'immense' challenges rebuilding as Palestinians return to homes in ruins Thousands Of Displaced Gazans Return To Their Homes As Ceasefire Begins Restoring Gaza's Health System Will Be 'Complex And Challenging Task': WHO
(DBN)

After 15 months of war, Hamas still rules over what remains of Gaza
(DBN)

US Pledges $117 Mn In Aid To Lebanon Military Lebanon President Says Israel Must Withdraw From South By January 26 Deadline
(DBN)

Trump Takes Credit for Defeating ISIS; Now He Must Fight Its Comeback
(DBN)

Imam who praised Hezbollah booted from inauguration benediction
(DBN)

Iran Court Sentences Pop Singer Tataloo To Death: Media
(DBN)

Nearly 200,000 Syrian Refugees Have Returned Since Assad's Fall: UN
(DBN)

Taliban deputy tells leader there is no excuse for education bans on Afghan women and girls Taliban Rebuff Trump’s Call to Return US Arms Worth Billions
(DBN)

Saudi Crown Prince MBS Moves to Exploit Vacuum Left By Iran
(DBN)

____________

South Korea:

South Korean court orders formal arrest of impeached President Yoon over martial law decree South Korean President Yoon shuns questioning as security tightened after court rampage Mug Shot, Solitary Cell For South Korea's President Yoon South Korea’s Yoon defends his martial law decree in his first public appearance since his arrest
(DBN)

____________

China:

The Staggering Losses of the Chinese Property Crisis Emerge
(DBN)

Vanke bonds rebounds on note repayment capability This Is How to Divine China Vanke’s Future
(DBN)

Country Garden expects to reach terms with creditors in February, lawyer tells court Country Garden Shares Jump as Trading Resumes Amid Debt Plan
(DBN)

Chinese Industrial Profits Sinks For Third Year in a Row
(DBN)

Chinese Solar Giant Longi Predicts Loss of Up to USD1.1 Billion in 2024 PV downturn laid bare in Chinese preliminary 2024 financials
(DBN)

China GDP growth hits government targets, beating analyst expectations Chart: China Annual GDP Chinese Economic Growth Among Slowest In Decades
(DBN)

China Signals Willingness to Speak With Sanctioned Marco Rubio
(DBN)

US To Tighten Trade Rules To Hit Low-cost China Shipments
(DBN)

Trump Holds Off on Immediate China Tariffs, Calls for Study
(DBN)

China Faces Trump’s Return Just as Reliance on Exports Soars US-China Trade Fight Starts Early, Paving Way for Trump Tariffs Vance, Han Discuss Trade and Fentanyl Ahead of Inauguration Low Expectations In Beijing Ahead Of Trump's Second Coming
(DBN)

Obscure Pentagon Watchlist Offers Blueprint for China Sanctions
(DBN)

US Sanctions Chinese Entities for Telecoms, Treasury Hacks
(DBN)

China executes man for car rampage that killed dozens
(DBN)

____________

Germany:

Germany’s Economy Contracts for the Second Consecutive Year in 2024
(DBN)

German Chancellor Front-Runner Calls Trump ‘Very Predictable’
(DBN)

Germany Must Never 'Turn The Page' On The Holocaust: Scholz
(DBN)

____________

France:

French Catholic Church Urges Probe Into Charity Icon's Alleged Sexual Abuse
(DBN)

____________

Russia:

Russia jails lawyers who acted for late opposition leader Alexei Navalny
(DBN)

Russia's budget deficit widens to $34.4 billion after late spending spree
(DBN)

Russia Calls Kyiv Strike Payback For a Ukrainian ATACMS Attack
(DBN)

North Korean soldier's chilling seven-word confession from Ukraine POW camp
(DBN)

Russia and Iran Draw Closer With New Pact Before Trump Returns Lindsey Graham wants military action against Iran's nuclear program Iran Says Hopes Trump Will Take 'Realistic' Approach To Region
(DBN)

Ukraine risks being ‘Trump’s Vietnam,’ says Steve Bannon
(DBN)

Donald Trump Jr. calls Zelenskyy a 'weirdo' amid Russia peace deal speculation
(DBN)

Ukraine's military chief says Russia has 'practically halved' artillery ammo usage after its production lines and depots were hit Russia rearming faster than thought ‘for possible attack on NATO’
(DBN)

Germany Could Send Troops To Future Ukraine Buffer Zone: Minister
(DBN)

As Trump arrives, Macron hints NATO spending target is too low
(DBN)

Putin Says Russia Is Open to Dialogue on Ukraine With Trump Vladimir Putin goes on TV to deliver World War 3 message for Donald Trump
(DBN)

Davos Crowd Flocks to Ukraine House for Trump Inauguration Bash
(DBN)

Drones attack Russian military industrial hub
(DBN)

Moldova ready to pump gas to Russian-backed separatists amid humanitarian crisis
(DBN)

____________

Argentina:

Milei’s Budget Cuts Nets Argentina First Surplus in Over a Decade
(DBN)

____________

Cuba:

Trump quickly puts Cuba back on the list of state sponsors of terrorism
(DBN)

___________


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