XPost: or.politics, alt.politics.trump, alt.fan.rush-limbaugh   
   From: OFeem1987@teleworm.us   
      
   Darth Xmas wrote this post while blinking in Morse code:   
      
   > He will save taxpayers billions of dollars.   
      
   Haw haw haw!   
      
   Trump wanna give Musk the FAA.   
      
   Who's gonna get the USPS? Bezos?   
      
   Haw haw haw!   
      
       https://pestakeholder.org/news/dont-blame-the-shrimp-how-pri   
   ate-equity-is-bankrupting-america/   
      
       In May, Red Lobster announced it filed for Chapter 11 bankruptcy, closed   
       dozens of stores, and would be selling all its assets. CEO Jonathan   
       Tibus, who was brought in as a restructuring advisor, was quick to blame an   
       endless shrimp deal – where patrons could get unlimited shrimp for $20   
   – as   
       well as other operational decisions for the closure. The story, however,   
       may be more complicated than a reckless all-you-can-eat deal. The cause of   
       the Red Lobster bankruptcy may have more to do with its private equity past   
       than with the bottomless shrimp.   
      
       In 2023, business bankruptcy filings surged by 40.4%, reaching a 13-year   
       high. This sharp increase can be attributed to challenging economic   
       conditions, particularly the high interest rates straining companies’   
       ability to repay their debts. These financial pressures force more   
       businesses into insolvency, reflecting a broader economic instability.   
      
       Red Lobster’s bankruptcy can be traced back to its previous private   
   equity   
       owner, Golden Gate Capital. While the company’s bankruptcy filing reveals   
       that it lost $11 million from the endless shrimp venture, a more   
       significant factor in its troubles is a financing method popular with   
       private equity.   
      
       . . .   
      
   --   
   If all men were brothers, would you let one marry your sister?   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)