#bankruptcy

theaitetos@diaspora.psyco.fr

The Economic Decline of Germany

The suicidal decision to increase energy prices is now causing centuries-old German breweries to shut down:

The #decline of the traditional #German brewing #industry shows no signs of slowing down. Recently, several breweries have filed for #bankruptcy or closed permanently, resulting in the loss of centuries-old brewing traditions.

The latest victims are the Gambrinus Brewery in Weiden, Upper Palatinate, and the Gesellschaftsbrauerei Viechtach, about 100 km southeast. Both are located in the Bavarian border region with the Czech Republic, an area often described as structurally weak. The nearly 100-year-old Gambrinus Brewery filed for insolvency on Friday at the Weiden District Court due to unpaid bills and outstanding wages. The brewery’s decline is attributed to rising costs, pandemic-related sales losses, and internal issues, with current production at around 15,000 hl, half its peak output.

On Thursday, it was announced that the insolvent Gesellschaftsbrauerei Viechtach would close permanently after nearly 500 years, ceasing production. Despite intensive negotiations, no investors were willing to continue operations. Remaining employees have been let go, and the Viechtacher brand will continue to be produced at the nearby Hofmark Brewery in Loifling, located in the Cham district of the Upper Palatinate.

Last month, the 672-year-old Karmeliter-Bräu from Salz near Bad Neustadt an der Saale (about 75 km northeast of Würzburg) permanently closed its doors. The brand and distribution rights were acquired by Oettinger Brewery, one of Germany’s largest brewery groups, mainly active in the entry-level segment. It is speculated that the brand, named after a monastic order, will be used to establish the group in the higher-priced segment, similar to other well-known brands like Trappist, Augustiner, Paulaner, Franziskaner, Benediktiner, and Kapuziner.

In addition to various external and internal factors, the wave of brewery closures is also due to declining beer consumption in #Germany. Recent figures show a significant drop in sales in June 2024 compared to June 2023, with a total decrease of 11.2% or nearly 1 million hl. The Federal Statistical Office reported that beer sales in June 2024, at 7.77 million hl, were the lowest for June since the Beer Tax Act was revised in 1993.

#Prosperity is never a given. This decline, and in some cases, inevitable #collapse of various #societies is the direct result of the national elites being subverted and converted to false and foreign ideologies that promote dyscivilizational dysgenics. #Diversity is not a strength, it is a fatal #cancer to every society, as is readily observable in the histories of every #fallen #empire. The #migrants are no better for the #Germans than the #Spaniards were for the #Incas, or than the #Arabs were for the #Byzantines. In the end, it’s not the armies that eradicate a #human #society, but the #women and #children who normally follow them and eventually replace the #native #genetics with their own.

A Germany full of Germans is an economic powerhouse. An area of 357,022 square kilometers in the middle of #Europe populated primarily by German-speaking #Turks, #Arabs, and #Africans will be neither German nor an economic powerhouse. This is not rocket science.

The dirt is not magic. The ideas are not material. People will always live according to their own natural preferences. The transplantation of White Anglo-Saxon Protestants to the New World is what made America what it was in the place of the American Indian societies that preceded it. Neither geography nor ideology nor language nor even religion are determinant in the end, as genetics ultimately and always dictates the destinies of nations.

As the great Israeli military historian Martin van Creveld has written, #immigration is #war. To be more specific, it is war on the native people and their culture.

mlansbury@despora.de

Tories’ council fund is cynical pre-election sticking plaster

Angela Rayner has accused the Conservatives of cynically applying a “sticking plaster” to council finances to get through the next election, as local authority leaders warn that more will go bust next year.

The shadow communities secretary said Labour was “under no illusions” about the financial mess it would inherit in local councils if it gained power, after the Tories “took a sledgehammer” to budgets for more than a decade.

The prime minister, Rishi Sunak, was _forced to bail out councils in England last week with a £600m funding pot to prevent a rebellion _of Tory MPs who fear losing their seats. But figures shared by the Institute for Government show it would take more than £7bn in extra cash to get local government funding up to the same levels as 2010.

Analysis by the Guardian of 13 years of council spending data lays bare the scale of cuts to services.

https://www.theguardian.com/uk-news/2024/jan/28/angela-rayner-tories-council-fund-is-cynical-pre-election-sticking-plaster

#ToxicTories #ToryScum #UK #cuts #TacticalVoting #bankruptcy #councils

johnehummel@diasp.org

Good

You know, y'all might be better at managing your finances if you stopped denying reality.

I know, I know: Math, like the rest of reality, is just so hard :-(

You want reality to conform to your wishes, and you think Trump can make that happen for you. (Aren't you precious: In your forties, fifties, and above, but still with the intellect of a human two-year-old.)

But Trump can't bend reality, and even if he could, he wouldn't bend it for you, but for himself.

Suck it, morons. You brought this on yourselves.

'It will be a slaughter': Michigan GOPer panics as state party is on 'brink of bankruptcy'

#Michigan #GOP #Bankruptcy

https://www.rawstory.com/michigan-gop-bankruptcy/

hackbyte@friendica.utzer.de

Deutsch oben Englisch unten - German at top English below:

Is halt nix worauf mensch stolz sein könnte .. aber immerhin etwas worüber ich froh sein kann.

Meine nun über 6 jahre laufende privatinsolvenz endet demnächst. Nun bleibt noch ein weiteres jahr in dem ich die gerichtskosten noch abbezahlen müsste, wenn mir das möglich wäre.. Das ist leider immernoch nicht der fall. Wie auch, in rente mit sozialhilfe.

Aber immerhin. ein weiteres stressthema das ein ende findet... yay...

Meh ;)

-----

Nothing to be proud of.. but at least something I can be happy about.

My private bankruptcy (german legal thing), which has been going on for over 6 years, will end soon. Now there is still another year in which I would have to pay off the court costs if I could.. Unfortunately, this is still not the case. Living from retirement thingy and social security.

But at least. another stress topic that comes to an end... yay...

meh ;)

#retirement #rente #social #security #sozialhilfe #insolvenz #bankruptcy #RandomShit #Meh.... ;)

johnehummel@diasp.org

In a very weird turn of events, a member of the wealthy elite is actually being held financially responsible for his actions (for now)

Judge strips Alex Jones of bankruptcy protections for $1.5 billion Sandy Hook debt

FTA: Houston Judge Christopher M. López reportedly ended a stay preventing Sandy Hook families from collecting a $1.5 billion judgment against conspiracy theorist Alex Jones.

[The only catch is that Jones will undoubtedly be allowed to appeal ad infinitum.]

#AlexJones #SandyHook #Settlement #Bankruptcy #Justice

https://www.rawstory.com/alex-jones-bankruptcy-2658986002

nowisthetime@pod.automat.click

#FTX #Bankruptcy Will Seem Like NOTHING | This is 10X Bigger!

  1. FTX used clients money to take risky bets. Those bets lost as the market fell further.

  2. Many companies saw their assets grow as clients saw crypto gaining. Once the trend changed companies problems started showing up.

  3. #TETHER is the third largest #coin. It is a stable coin that aims to have parity with the USD. However, it has never been audited. Audit is every 5 years. It’s audit was meant to be carried out last August. This is suspicious having this hesitancy.

Again, if it turns out that its not fully backed then the we have another FTX X ten. This is very #dangerous for the whole #financial #industry.

https://www.youtube.com/watch?v=V57_yJjQv1w&t=1006s

dredmorbius@diaspora.glasswings.com

InfoWars files for bankruptcy in the face of lawsuits over Sandy Hook shooting denial

The media outlet InfoWars filed for bankruptcy in Texas on Sunday in the face of mounting legal pressure over comments made by founder and host, conspiracy theorist Alex Jones.

Jones, who's repeatedly called the 2012 shooting at Sandy Hook Elementary School in Connecticut a hoax, has been sued several times by the victims' family members and others for defamation and emotional distress. Twenty children and six educators were killed in the attack.

His comments and similar ones made by other InfoWars employees are the primary cause of the "financial distress" now facing InfoWars and its related holding companies, according to the chapter 11 bankruptcy filing in U.S. Bankruptcy Court in the Southern District of Texas.

InfoWars, which described itself in court records as a "conspiracy-oriented website and media company," said it had $50,000 or less in assets and between $1 million and $10 million in liabilities.

Jones, InfoWars and related holding companies have so far spent $10 million on legal fees and costs, the filing said. ...

The latest attempt by Jones to evade justice for his decade-long defamation campaign against victims of the Sandy Hook shootings. Previously, Jones had failed multiple times to appear at deposition hearings, finally facing tens of thousands of dollars in fines.

His creditors, and legal team, should be co-defendents in the bankruptcy hearings.

And the courts should deny hearings on the matter for a decade or so.

https://www.npr.org/2022/04/18/1093297017/infowars-bankruptcy-alex-jones-sandy-hook-shooting-defamation

#SandyHook #Infowars #LegalEvasion #Bankruptcy #AlexJones #Disinformation #Defamation