that was later after shitbit pulled his notetaker stunt in march 2019
deleted posts in a prior thread...you know the story.
letting them have control of what is said in there is always going to produce that result
SAM411 USAF C-40B on final at MacDill
Guess they need moar '411' on wtf they intend to do next
Sacklers Reach $6 Billion Deal Over Purdue Pharma's OxyContin Lawsuits
Members of the billionaire Sackler family who control Purdue Pharma LP have agreed to fork over as much as $6 billion in a settlement with state governments for their role in fueling the U.S. opioid epidemic -- a massive step in clawing back billions of dollars from the family's fortune to support addiction treatment centers nationwide, according to a court filing on Thursday.
The deal comes after years of litigation over Purdue Pharma's marketing of the OxyContin painkiller that subsequentially sparked the opioid crisis, claiming the lives of more than half a million Americans over the last two decades.
Attorney generals of eight states and the District of Columbia announced the deal after rejecting a $4.3 billion cash payment from the Sacklers. The family demanded that a bankruptcy deal wouldn't be possible unless they were released from all future liability related to Purdue's OxyContin. The new deal would restructure the company into a new entity called Knoa Pharma that a public board controls. At the very end of the court filing, the Sacklers said they're "pleased to have reached a settlement with additional states."
They also said, "they sincerely regret that OxyContin ... unexpectedly became part of an opioid crisis that has brought grief and loss to far too many families and communities." On Twitter, Prescription Addiction Intervention Now (PAIN), a non-profit activist group against the Sackler family, called the family's statement "horrendous."
Wow this statement from the Sacklers is horrendous.
“Unexpectedly”? A reminder that the Sacklers internally referred to high prescribing doctors as “whales” and patented software that tracked every Oxycontin pill that was prescribed around the country. https://t.co/nHoKaf9vSK pic.twitter.com/HDRMTHkuYX— PAIN (@sacklerpain) March 3, 2022
https://www.zerohedge.com/medical/sacklers-reach-6-billion-deal-over-purdue-pharma-oxycontin-lawsuits
China to Set Up Financial Stability Fund, Stabilize Home Prices
China plans to set up a financial stability fund and adopt measures to keep housing prices stable, as policy makers ramp up efforts to prevent systemic risks. “A fund for ensuring financial stability will be established, and market- and law-based ways will be used to defuse risks and potential dangers,” Premier Li Keqiang said in his annual work report, without giving more details.
While reiterating President Xi Jinping’s mantra that houses are for living in, not for speculation, Li also said China will explore new models for housing development, including encouraging rentals along with purchases, and adopt city-specific measures to “facilitate positive circulation and sound development in the real estate sector.” China is moving to stem financial risks ranging from hundreds of troubled smaller rural banks to its slumping real estate market. The regulators have recently eased a year-long cap on home loans and called upon its largest bad-debt managers to join restructuring of weak developers, after firms including China Evergrande Group defaulted on more than $7 billion in offshore bonds last year and ordinary Chinese staged rare protests over unbuilt homes and soured investment products.
Li also called on property market to better meet reasonable housing demand for homebuyers, marking the first time non-subsidized housing being mentioned in the key report since 2014. Home sales have been falling since July last year, as buyer confidence weakened during a liquidity crisis that rippled through the industry following a crackdown on excess borrowing. The drop in sales will make it harder for stressed developers to make at least $3.7 billion in payments on dollar and onshore public bonds in March -- among the heaviest monthly debt bills they face this year, according to data compiled by Bloomberg.
China will strengthen and fine-tune financial regulation, further reform the shareholding structures and corporate governance of smaller banks, and move faster to deal with their nonperforming assets, Li said. The government will also support debt financing by private enterprises and aim to achieve full implementation of the registration-based initial public offering mechanism, he added.
https://www.bnnbloomberg.ca/china-to-set-up-financial-stability-fund-stabilize-home-prices-1.1732846
and the public stealth bailout of chinese housing market begins.
Warren Buffett’s Berkshire Hathaway Buys Big Block of Occidental Petroleum Stock
Berkshire Hathaway has purchased nearly 30 million shares of Occidental Petroleum since the end of 2021, adding to an existing large holding of 83.9 million warrants in the big energy company.
In a filing late Friday, Berkshire (ticker BRK/A, BRK/B) said it holds a total of 113.7 million shares of Occidental (OXY), including both the stock and warrants. The combined holding represents 11.2% of Occidental’s outstanding shares but that overstates Berkshire’s investment since the warrant exercise price is out of the money, or above the current stock price.
Occidental stock has surged lately, outpacing a strong energy group. The shares gained 17.6% Friday to $56.15 and have nearly doubled so far in 2022.
Berkshire got the warrants as an equity “kicker” when it invested $10 billion in Occidental preferred stock paying a lush 8% dividend yield in April 2019 when Occidental was raising money to fund its $50 billion-plus offer for Anadarko Petroleum and win a bidding war against the larger Chevron (CVX).
Those warrants have eight years until maturity and have an exercise price of $59.62. The warrants are close to being in the money now after being way out of the money in 2020 when Occidental’s stock plunged below $10. Warrants are long-term call options that give the holder the right to purchase a stock at a fixed price for a set period of time. Berkshire’s warrants aren’t publicly traded but could be worth $15 each or more if they were.
Berkshire’s Occidental stock purchases have come since the start of this year and could be a factor in the stock’s gain so far in 2022.
The new equity stake of 29.8 million shares, now valued at $1.7 billion, could have been initiated by CEO Warren Buffett who oversees Berkshire’s $350 billion equity portfolio, or one of his two investment lieutenants, Todd Combs and Ted Weschler, who run about 10% of the portfolio.
https://www.barrons.com/articles/warren-buffett-berkshire-occidental-stock-51646436831
https://finviz.com/insidertrading.ashx?oc=1067983&tc=7&b=2
they will need to do a Phoney and Fraudie-Mac type of thing like here-suck up inventory and sit on it
But they have too much to do that imo.
never say never though
they will never pay off the foreign debt of Evergrande-and I don't blame them one bit.
These Corps need to burn in hell.
Once China nationalizes everything-and that will habben-all the Corps that rushed to set up shop dhere starting in the 80s will lose everything.
It won't look so cheap, as it did in the 80s, when it is all taken from them.
Evergrande debt will only become an issue when the credit ratings agencies do something about it's already obvious default-but they were all over muh Russia instantly.
The owners of that debt don't want them to do that either because then they will need to write it down and can't really use mark-to-model any longer.
and then there is the issue of all the debt they own of ours and the old chinese national rail bonds plus the "bill" for muh 'rona
These three cancel themselves out-US Debt equal to the damage caused by 'rona and the value of the Chinese Rail bonds-not exact but just back of the envelope calcs.
stooge.
doncha know that him and muh pleiadians are gonna save us all!!
Nevermind that if you blow up just one Starlink Sat the rest will just crash into the first ones explosion.
Only has to be done to about 20 of 'em and the entire thing gone.
Din't think that one out too well
SAM411 USAF C-40B departed MacDill AFB after about 60 minutes on ground
night all