There are physical assets, though. Hopefully enough to pay employees, and possibly enough for this deal to be profitable. It's a risk, but not a crazy one.
frezik
The issue with that one was tangled up with "what is an insurrection, anyway?". Most of the other presidential requirements have zero room for interpretation, including this one. States wouldn't even put him on the ballot.
I hate this headline. You can't correctly pronounce or understand the first word in the sentence without the context that comes later in the sentence.
Defending Russia is the most restrictive definition of Tankie.
Liquidators go through everything. Five toilet rolls in what was an 8-pack? Liquidate it.
IIRC, bankruptcy puts creditors in order, with employees getting whatever pay they're owed first in line, then debtors, and whatever might be left goes to investors. When you paid 5 or 10 cents on the dollar, you don't have to get much back for the deal to be profitable.
They're talking getting 5 or 10 cents for every dollar of debt. Which roughly means the buyers need a 5 to 10 percent chance of getting their money back for the deal to make sense (interest rates complicate the EV calculation, and it's not clear what those are).
This is the banks writing it all off and getting whatever they can out of a bad deal. The buyers will probably make money on the deal, even if Xhitter goes into liquidation.
No. The 12th Amendment specifies that "... no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States." If you already served two terms as President, you aren't eligible to be Vice President.
Now that Hegseth is in, the Joint Chiefs will be key. You can assume that anybody with a high enough rank to be a Joint Chief will have tended to vote Republican, but the current bunch would be dead set against using the military to fire on American civilians on American soil. They'll be kicked out, but the Senate needs to confirm the new batch. That's the fight that needs to have the monkey wrench thrown in.
Not really. There's no way this passes. The constitutional amendment process is too complicated even for broadly popular ideas to get through. Anything blatantly partisan like this is DOA.
There's some other novel legal theories (read: dumb as shit, but our Supreme Court might let it through, anyway) on how Trump could bypass the constitutional term limits, but I doubt even those will work.
The first/second/third world designation is a cold war relic. America is first world by definition, but we probably should have ditched the whole framework after the Berlin Wall fell.
What's the point of filling campaign coffers if it doesn't help you win?
Conservatives on windmills: they kill whales
Conservatives on boats killing whales: