Trucker Yellow Shuts Down, to File for Bankruptcy, 3 Years after $700-Million Government Bailout that Stank to High Heaven by Wolf Richter • Jul 29, 2023 • 158 Comments Executive officers, directors, and Teamsters benefited from the bailout. So get it over with, finally.
Yellen Calls for Taxing Large Corporations on Puffed Up Earnings they Report to Shareholders, Which I Called for Years Ago by Wolf Richter • Apr 7, 2021 • 167 Comments The “minimum book tax” on reported earnings would be a tax incentive to produce realistic earnings reports. Wall Street will fight it furiously.
How Will This Unwind? Amid Stimulus, Forbearance, Eviction Bans, Consumer Bankruptcies Dropped to Lowest in Decades. Commercial Chapter 11 Bankruptcies Highest in Years by Wolf Richter • Jan 6, 2021 • 41 Comments Weirdest Economy Ever, as 20 million people still claim unemployment benefits.
Flying During Christmas Travel Period? Still in Collapse Mode by Wolf Richter • Dec 28, 2020 • 147 Comments But don’t fear for airline shareholders & creditors; they get to benefit from another $15 billion via “Taxpayer Capitalism.”
