(Reuters) - A federal judge on Tuesday ruled Detroit is bankrupt, which clears the way for potential cuts to the city workers' pensions and could mean steep losses for the city's bond holders. The following is a summary of key points in the ruling: - The city of Detroit is insolvent and eligible to file for municipal bankruptcy under Chapter 9 of the federal bankruptcy code. - Detroit did not conduct good-faith negotiations with unions and other creditors prior to its July 18 bankruptcy filing. - Facing more than 100,000 creditors, it was not possible for Detroit to negotiate in good faith with so many creditors. - Chapter 9 of the federal bankruptcy code is constitutional both because of a prior U.S. Supreme Court ruling and because Michigan's approval of the filing gives the state a say. - Governor Rick Snyder's approval of the bankruptcy filing means Detroit can treat pensions like contracts and adjust their terms, despite protections in the state constitution. - Michigan's approval of Detroit's bankruptcy filing complies with the state constitution, despite challenges to a state law that provided the road map toward bankruptcy. Source: U.S. District Court for the Eastern District of Michigan (Reporting by David Greising; Editing by Lisa Shumaker)
- The Daily Beast
Tom Williams/CQ-Roll Call, Inc via Getty ImagesPolice and medical personnel were called to the Texas home of Sen. Ted Cruz Tuesday night after reports of a 14-year-old girl at the property suffering from self-inflicted stab wounds to her arms.The teen was taken to the hospital shortly after. It’s unclear who the girl was—though Cruz does have two daughters: Catherine, 11, and Caroline, 14.In a response to The Daily Beast, a representative for his office said: “This is a family matter, and thankf
- The Daily Beast
Sputnik via ReutersRussia’s Vladimir Putin and his cronies already have a plan in place to flee the country once things go sideways, a former aide to the Russian president has claimed.Abbas Gallyamov, a former speechwriter for Putin, made the astounding claim on Telegram early Wednesday, citing an unnamed source that he said had “insider” information on the whole affair.The evacuation plan, according to Gallyamov, got underway back in the spring, when it was unofficially dubbed “Noah’s Ark.”“As
Kirstie Alley Only ‘Recently Discovered’ Her Cancer Before She Died—Here’s the Form She Was Diagnosed With
Her friend and co-star John Travolta called her one of the "most special relationships I’ve ever had."
Herschel Walker's son says Trump called his father for months demanding that he run, while 'everyone with a brain' begged him not to
Herschel Walker was dogged during his Georgia Senate campaign by allegations including that he paid for women to have abortions.
- Fox News
People's Choice Awards: Shania Twain and Olivia Wilde go sheer on red carpet ahead of music icon's honors
Shania Twain, Olivia Wilde and Heidi Klum walked the red carpet where Lizzo and Ryan Reynolds were to be honored at 48th People's Choice Awards hosted by Kenan Thompson.
- Town & Country
The Princess of Wales paired the red dress with the Lotus Flower Tiara and Queen Elizabeth's diamond earrings for Tuesday night's reception at Buckingham Palace. See the look.
- LA Times
Five women, including two "Cosby Show" actors, have filed a sexual assault lawsuit against disgraced comedian Bill Cosby, NBC and TV companies.
UK says attacks on Russian bomber bases could be 'most strategically significant' force protection failure of the Ukraine war
The deadly drone attacks on the air bases housing strategic bombers occurred hundreds of miles into Russia territory, far from the front lines.
People are getting sick with mystery illnesses and testing negative for COVID, RSV, and flu. Here's why.
There are plenty of viral illnesses floating around this holiday season. Experts stress testing is key because it can lead to swift treatment.
Stuart Varney, once a loyal defender of the former president, criticized Trump on multiple fronts.
Princess Diana’s Former Butler Has a Harsh Suggestion for How Meghan Markle & Prince Harry Should Be Punished Over Bombshell Docuseries
Royalists are foaming at the mouth just waiting for Prince Harry and Meghan Markle’s Netflix docuseries to premiere. They are ready to criticize the Sussexes at every turn, but Princess Diana’s former butler Paul Burrell wants to be heard ahead of the drama. He went to the thorn in the Sussexes’ side, Piers Morgan, to […]
It's Dior, darlings.
Two entities under The Trump Organization’s umbrella have been convicted of criminal tax fraud. It’s a first for Donald Trump’s company, set to tarnish the former president’s brand of successful businessman.
Twitter users, meanwhile, cracked ketchup jokes about the conviction of the former president's company for tax fraud.
The pink-haired Canadian country superstar performed a medley of hits plus her new single "Waking While Dreaming" & accepts the Music Icon award.
How Kate Middleton and Prince William Broke Their Social Media Silence After the 'Harry & Meghan' Trailer Release
Prince William and Kate Middleton’s much-hyped Boston tour took a bit of a backseat to the trailers for Meghan Markle and Prince Harry’s Netflix documentary, but the Prince and Princess of Wales made their first social media posts following the 'Harry & Meghan' trailer release on Monday particularly interesting—and telling.
Kate Middleton announced a Christmas special going down on the exact same day as Meghan and Harry's Netflix docuseries drop.
Millie Bobby Brown and Jake Bongiovi made their relationship Instagram official in November 2021
- The New Voice of Ukraine
Ukraine has no limitation on the distance of its strikes on targets in Russian territory, a Ukrainian government defence adviser told the Financial Times newspaper in a report published on Dec. 7.
- Cowboys Wire
A former second-round draft pick will bolster the CB corps; what now after the Cowboys leaked their concerns about Beckham's knee? | From @ToddBrock24f7