Free Republic

Vice President Kamala Harris called for an intentional restructuring of the country’s economic systems on Tuesday, suggesting existing systems were inherently racist. Harris appeared at a forum hosted by Treasury Secretary Janet Yellen to discuss proactive ways to increase access to financial systems and capital for racial minorities.

Dear NRA Members & Supporters: Today, the NRA announced a restructuring plan that positions us for the long-term and ensures our continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York. The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas. To facilitate the strategic plan and restructuring, the NRA and one of its subsidiaries filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. As you...

Several high-profile Senate Democrats warned the Supreme Court in pointed terms this week that it could face a fundamental restructuring if justices do not take steps to "heal" the court in the near future. *snip* Dramatic changes to the Supreme Court have been proposed by several Democrats vying for their party's 2020 presidential nomination, with "court-packing" being a common -- though highly controversial -- suggestion.

Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. Ford Chief Executive Officer Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said. “To succeed in our competitive industry, and position Ford to...

With each passing day, more compromising of national security, self-serving and self-enriching behaviors, frauds, scams and general malfeasance on the part of Hillary Clinton come to light via new Wikileaks data dumps. But the news media’s obsession with things Donald Trump has said consistently overshadows things Hillary Clinton has actually done. Revelations have now surfaced that Clinton backed the Puerto Rico Debt Relief Bill, a plan to help the financially struggling U.S. commonwealth deal with a $70 billion debt it managed to rack up, after a top Clinton fundraiser –who just happens to be a lobbyist for the Puerto Rican...

Please insert a big fat TOLDYASO right here. Speaker of the House Paul Ryan is lashing out at opponents to his Puerto Rico bailout bill demanding they stop calling it a “bailout”. Instead Ryan demands his opposition use the gaslighting term “restructuring”. Hogwash.

Germany’s largest lender is set to shut over a quarter of its branches across the country as the company goes through a major restructuring process. The closures are set to take place over the next few months, with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors. […] After recording colossal losses of around €7 billion in 2015, the Frankfurt lender is desperately seeking ways to cut costs. […] The bank said it hopes to redirect funds to digital banking, in which it hopes to invest €750 million by 2020. …

Almost every option facing debt-drenched Greece is bad, but there is only one that will end this Greek tragedy for good. Let Greece go bankrupt. Then let this once-rich nation, hit the restart button to rebuild its economy. What I’m suggesting for Greece is what might be called the Detroit option. Put Greece under receivership and let these new authorities figure out how to manage the debt and decide who will take a haircut and how big. Pensioners, bondholders, welfare recipients, government workers, the International Monetary Fund, all will have to settle for less — maybe a lot less. It’s...

<p>Greece and its principal creditors—the European Union, European Central Bank and International Monetary Fund—should acknowledge that Athens will never be able to repay the €131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.</p>

The CIA official who led the hunt for Osama Bin Laden is being removed from his post, it has been revealed. The head of the agency's Counter­terrorism Center, who also directed drone campaigns which killed thousands, has been in the position for nine years and is described as a 'true hero'.

Friends: Governor Bob McDonnell's Commission on Government Reform and Restructuring is hosting a series of Town Hall meetings across the Commonwealth seeking citizen input on key issues of government reform. After listening to our volunteers across the commonwealth, This past Winter, AFP published a book on the state of Virginia's budget along with our recommendations on reform. One of our guiding pillars was that government should stop competing with private enterprise - simply put "if you can find it in the yellow pages, government shouldn't be doing it." One of the things government should not be doing is selling liquor....

Mayor Swearengin Declares Fiscal Emergency, Delivers Plan to Deal with Budget Shortfall 05/03/2010Mayor Ashley Swearengin today declared a fiscal emergency for the City of Fresno and released a proposed fiscal year 2011 budget that offers a three-pronged plan to address the City’s Fresno’s $30.6 million revenue shortfall. Mayor Swearengin said the fiscal emergency declaration, which will be presented to City Council Thursday for approval, is necessary to allow the City to use its emergency reserves to help meet the daunting budget challenges by paying for one-time expenses related to budget cuts. The proposed $213.2 million general fund budget takes...

A.I.G. Says It Needs 3 to 5 Years to Restructure By EDMUND L. ANDREWS WASHINGTON — Edward M. Liddy, the chairman of American International Group, said on Wednesday that the company would probably need “three to five years” to carry out its restructuring plan and repay the taxpayer money used to bail it out. AIG, once the nation’s biggest insurance conglomerate, has received more than $170 billion from the Federal Reserve and the Treasury since it collapsed in September. The Treasury owns almost 80 percent of the voting shares. The Fed and Treasury have provided the company with about $83...

Credit insurance hampers GM restructuring By Henny Sender in New York Published: May 11 2009 23:33 | Last updated: May 11 2009 23:33 Hedge funds and other investors stand to make billions of dollars on credit insurance contracts if GM de­clares bankruptcy, a prospect that is complicating efforts to persuade creditors to agree to a restructuring plan for the automaker, analysts say. Holders of $27bn in GM bonds have until June 1 to decide whether to swap their debt for a 10 per cent equity stake in the company as part of an offer that would give the US government...

Depression? Recession? No, It's the Great Restructuring by: Jeff Jarvis March 09, 2009 It’s not a great depression, neither is it a great recession we’re going through now. At the Brite conference this week, Umair Haque called it a great “compression,” as an economy built on perceived value reconciles with actual value. This morning, The New York Times finally realized that what we’re experiencing is more than a financial crisis: “Job Losses Hint at Vast Remaking of Economy.” Well, yes, if hints were sledgehammers. /snip Yes, entire swaths and even sectors of the economy will disappear or will change so...

McClatchy Co. will cut 1,600 jobs, or 15% of its work force, and cut salaries, including for its chief executive, as the company looks to save money and navigate through what it called "an increasingly poor national economic environment. Last month, the ailing newspaper publisher had announced plans to cut costs by up to another $110 million, but it didn't provide any details. The latest job cuts come on top of a plan announced in September to cut 10% of its work force to save $100 million annually. As with other newspaper companies, McClatchy is suffering as readers and advertisers...

Russia denies $400 billion debt restructuring Today, 14:06 | Reuters MOSCOW, Feb 10 (Reuters) - Russia denied seeking to restructure as much as $400 billion in companies' foreign debts on Tuesday after a Japanese newspaper said a local banking lobby group had asked the government to help negotiate with creditors. The report in Japan's Nikkei newspaper prompted a sell-off in the euro, which dropped more than 1 percent against the yen and dollar before denials from Russia and the banking lobbyist who was cited as a source for the story. "The government of the Russian Federation does not plan to...

PELHAM, N.H. (AP) - Republican presidential hopeful Mitt Romney is criticizing 1 of President Bush's chief domestic security accomplishments. At a campaign appearance in New Hampshire, Romney said the Department of Homeland Security is inefficient and requires major restructuring. He says the department does some things well, but is hampered by the fact that it's made up of different agencies that he says are "stuck in one big bureaucracy." Romney says there's a lot of duplication of effort in Washington and he would like to "take the place apart" and put it back together -- smaller, simpler and smarter. Another...

NEW YORK - The scarlet letter in education these days is an "R." It stands for restructuring — the purgatory that schools are pushed into if they fail to meet testing goals for six straight years under the No Child Left Behind law. Nationwide, about 2,300 schools are either in restructuring or are a year away and planning for such drastic action as firing the principal and moving many of the teachers, according to a database provided to The Associated Press by the Education Department. Those schools are being warily eyed by educators elsewhere as the law's consequences begin to...

NEW YORK, Oct 18 (Reuters) - Calpine Corp. (CPN.N: Quote, Profile, Research) has hired a high-profile restructuring team from Kirkland & Ellis to advise its board, the New York Post reported on Tuesday, citing parties suing the troubled power producer. Leading the advisory team are partners Richard Cieri and Jamie Sprayregan, according to lawyers for two parties that are suing Calpine. The Post said its sources acknowledged the hiring of Cieri and Sprayregan did not necessarily mean the cash-strapped company was considering a bankruptcy filing. More likely, the Post reported, they are advising the company on its alternatives if it...