Debts, Deficits & Destruction of the US Dollar

The economist Time Magazine called "out of step with economic reality" for predicting the U.S. economy would implode in his 2005 best-selling book Empire of Debt over two years before the Financial Crisis tore America and the global economy apart... is back to issue his next warning. Before you invest a single dollar in the markets -- or make any investment decisions -- it's critical you see this alarming video right away.

Hawaii wildfire victims spared from testifying after last-minute deal over $4B settlement

JENNIFER SINCO KELLEHER
January 29, 2025

HONOLULU (AP) -- Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial Wednesday to determine how to split a $4 billion settlement.

The agreement means victims and survivors will not have to testify, reliving in court details of the massive inferno in Lahaina that killed more than 100 people, destroyed thousands of properties and caused an estimated $5.5 billion worth of damage.

Before the trial was scheduled to begin Wednesday morning, lawyers met in private with Judge Peter Cahill, who later announced that a deal had been reached late Tuesday. Lawyers are expected to file court documents detailing the agreement in a week.

Some victims had been ready to take the witness stand, while others submitted pre-recorded testimony, describing pain made all the more fresh by the recent destruction in Los Angeles.

"Some folks I'm sure will be disappointed, because in their minds this was their time to share their story," Jacob Lowenthal, one of the attorneys representing individual plaintiffs, said Wednesday. "Other folks are going to be relieved because they don't have to go in and testify."

One of the individual plaintiffs is Kevin Baclig, whose wife, father-in-law, mother-in-law and brother-in-law were among the 102 people known to have died.

Baclig said in a declaration that if called to testify he would describe how for three agonizing days he searched for them -- from hotel to hotel, shelter to shelter. "I clung to the fragile hope that maybe they had made it off the island, that they were safe," he said.

A month and a half went by and the grim reality set in. He went to the Philippines to gather DNA samples from his wife's close relatives there. The samples matched remains found in the fire. He eventually carried urns holding their remains back to the Philippines.

"The loss has left me in profound, unrelenting pain," he said. "There are no words to describe the emptiness I feel or the weight I carry every day."

Hawaii Gov. Josh Green announced the $4 billion settlement -- agreed by the state, power utility Hawaiian Electric, large landowners and others -- about a year after the deadliest U.S. wildfire in a century devastated Lahaina in 2023. At the time, he touted the speed of the deal to "avoid protracted and painful lawsuits."

The trial was supposed to determine a percentage split between two groups of plaintiffs, including some who filed individual lawsuits after losing their family members, homes or businesses, and other victims covered by class-action lawsuits, including tourists who canceled trips to Maui because of the blaze.

Only a nominal portion of the settlement should go to tourists whose trips were delayed or canceled, Lowenthal said.

"The categories of losses that the class is claiming are just grossly insignificant compared to our losses," he said.

Attorneys for the class have not responded to an email from The Associated Press seeking comment on the averted trial.

In their trial brief, they challenged the idea that everyone who has a claim worth suing over had already done so. Many people held off hiring attorneys, the brief said, because of the fire's disruption to life, "distrust in heavy attorney advertising, and a desire to see how the process plays out first."

Separately, the state Supreme Court is considering whether insurers can sue the defendants for reimbursement for the $2 billion-plus they have paid out in fire claims, or whether their share must come from the $4 billion settlement. Oral arguments in that case are scheduled for Feb. 6.

"That is the last big piece that needs to be decided before the global settlement can move forward," Lowenthal said.

Continue Reading...

Popular

Haven’t filed your 2021 tax return? You might be missing out on a COVID stimulus check

If you haven't filed your 2021 tax returns you might be missing on a COVID stimulus payment. Taxpayers who haven't filed 2021 tax returns who may be eligible for the Recovery Rebate Credit must file it by April 15, 2025 to claim the credit.

What's Going On With Affirm Shares Wednesday?

Affirm shares are trading higher on Wednesday after the company announced it is set to expand its credit reporting to Experian.

The Fort Knox Cover-up? What It Means for Gold - Ad

Trump and Musk are demanding answers: Is Fort Knox empty? If the gold is gone, supply collapses, and prices could skyrocket instantly. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding--and the window to act is closing fast.

BranchOut's Partnership With MicroDried Expected To Boost Annual Sales By At Least $5 Million: Details

BranchOut Food's new partnership with MicroDried is expected to generate $5-$6 million in annual ingredient sales, leveraging its GentleDry technology.

Trump threatens Houthi rebels that they'll be 'completely annihilated' as airstrikes pound Yemen

DUBAI, United Arab Emirates (AP) — threatened on Wednesday that they'll be “completely annihilated” as American airstrikes pounded locations under their control, while further pressuring the group's main benefactor Iran.

Globetrotting CFA Discovers Top Four Gold Miners With 100X Upside Potential - Ad

Most CFAs sit at a desk... But one unusual CFA went all-in on gold investing 20 years ago... and accidentally positioned himself as the expert's expert for the current bull market. Garrett Goggin's research has led him to the the Top Four miners sitting on potential upside of 100X or more for the current gold mania. He's been offered as much as $100k by Hedge Funds.

Can AI help you win your March Madness bracket? One disruptor bets $1 million on 'yes' (and Houston)

DENVER (AP) — Perhaps the surest sign that artificial intelligence really is taking over the world will come the day it wins your favorite bracket pool.

Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Cathie Wood Goes On Shopping Spree Amid Tech Bloodbath Monday: Loads Up On Tesla, Palantir, Coinbase And These Stocks

On Monday, Cathie Wood‘s Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA) , Palantir Technologies Inc. (NASDAQ:PLTR), Coinbase Global Inc. (N

Tesla tumbles again as investors bail on Elon Musk's suddenly struggling electric vehicle company

Shares of Tesla are sliding again Monday as confidence in Elon Musk's electric car company continues to disintegrate following a post-election “Trump bump.”

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

'Horrific Report': Economists Warn Consumer Confidence Collapse Signals Economic Trouble

U of Michigan consumer confidence survey shows rapid decrease amid high inflation expectations, economists warn of bad omen for US economy.

Trump's Economic Plan Is Driving a "Golden Anomaly" in Tiny Gold Miners - Ad

Trump's plan to revalue gold and decrease the US debt burden is causing a major dislocation in four small gold miners. Some 30 million ounces of gold have left London for the US. If you want to know why - and why four little-known gold miners are up 136% in just the last 12 months while major gold ETFs have barely moved...

Law firm sues over Trump executive order that seeks to suspend security clearances

WASHINGTON (AP) — A during the 2016 presidential campaign sued the federal government Tuesday over an executive order that seeks to strip its attorneys of security clearances.

Trump, Musk & the Gold Play No One Sees Coming - Ad

Fort Knox mystery could send gold skyrocketing. Because the real danger isn't missing gold. It's decades of Fed manipulation collapsing overnight. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding.

Melinda French Gates Reveals An IBM Manager Inspired Her To Join Bill Gates Co-Founded 'Little Company' Microsoft

Melinda French Gates credited a conversation with an IBM (NYSE: IBM) hiring manager for her decision to join Microsoft (NASDAQ: MSFT), a choice that significantly impacted her career and personal life.

Edmunds: 2025 Honda CR-V vs. 2025 Subaru Forester

The is a redesigned model, but Subaru didn’t exactly stray from the formula of the last generation. It’s still a boxy small SUV with great visibility, adventure-ready versatility, and a no-nonsense approach to interior design. Its many upgrades for 2025 help keep it competitive, but how does it fare against the class best?

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout

The world's top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session.

The "Second Wave" of 2025 Crashes (Could Be Worst in Us History) - Ad

According to the man who predicted 2008, 2020, and 2022... A new wave of crashes are coming to the US stock market. But these will be different. The moment they hit, they could kick off the worst (and longest) financial crisis in American history.

Which US companies are pulling back on diversity initiatives?

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.

Claim the "No.1 Coin of 2025" Before March 24th - Ad

After spotting 44 different coins that have returned over 100%...Chris Rowe is now exposing the details behind the "Superpower Coin"... that's partnered with 19 of the largest companies from some of the world's largest superpower nations... A little-known 3-cent coin that is poised to outperform Bitcoin in 2025... starting on March 24th.

Universities are facing big cuts to research funding. At Duke, it's a time for 'damage control'

DURHAM, N.C. (AP) — Facing the potential loss of hundreds of millions of dollars in federal funding, Duke University is preparing for the worst.

Mohamed El-Erian Says 'Fed Put' Optimism Rises As Inflation Cools - But 'Trump Put' Hopes Are Shaken

U.S. markets rallied on Wednesday after February's inflation report came in softer than anticipated, bolstering expectations for Federal Reserve rate cuts while investors reassess the economic impact of President Donald Trump administration's policies.

Trump's Secret Plan to Reboot the Dollar Leaked? - Ad

Steve Bannon let slip 3 shocking words--and Wall Street panicked. According to Bannon, President Trump is poised to restore the gold standard, reset the dollar, and send gold soaring. Position yourself before it's too late! Claim your free 2025 Gold Guide and discover the Trump Loophole to move funds from your IRA & 401(k) into gold--tax-free!

Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon - He Thinks We're Ignoring The Real Threat

Billionaire tech investor Peter Thiel is exploring a book on ancient prophecies, the Antichrist, and Armageddon, warning that society is ignoring the threat of a one-world government—a concern he believes demands urgent attention.

Australia won't retaliate against 'unjustified' US tariffs on steel and aluminum

MELBOURNE, Australia (AP) — Australian Prime Minister said Wednesday that U.S. tariffs on Australian steel and aluminum were unjustified, but his government would not retaliate with its own tariffs.

Stocks to Crash on March 16, 2026? Here's Compelling Reason Why - Ad

Perhaps no one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years. From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024. And now, Marc Chaikin is predicting the next crash will start March 14, 2026. If you have money in the markets, Chaikin's thesis is a must-see.

Canada's Liberals will elect new leader to replace Trudeau as country deals with Trump's trade war

TORONTO (AP) — Canada's governing Liberals will announce a replacement for Prime Minister on Sunday as the country deals with U.S. President Donald Trump's and as a federal election looms.

Three New Patents Reveal Elon and Trump's Secret "Project America" - Ad

Three patents could help President Trump and Elon Musk completely revolutionize a $23 Trillion market. This revolution is about so much more than just self-driving cars. Instead, what Elon's pivoting Tesla towards... Is a market that's 1,000X BIGGER. But a project THIS big can't stay under the radar for long...

Elon Musk Says Ukraine Behind 'Massive Cyberattack' On X: 'We're Not Sure Exactly What Happened...'

Elon Musk stated that the reported "massive cyberattack" that his social media account X faced on Monday is suspected to have originated from Ukraine.

South Africa plans to spend more on health and defense after the US cuts aid

JOHANNESBURG (AP) — Lawmakers in South Africa laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living as consumers pay more for goods, including food, and services.

[Revealed] Trump and Elon's Shocking New Plan for America - Ad

Three patents could help President Trump and Elon Musk completely revolutionize a $23 Trillion market. This revolution is about so much more than just self-driving cars. Instead, what Elon's pivoting Tesla towards... Is a market that's 1,000X BIGGER. But a project THIS big can't stay under the radar for long...

COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks

JP Morgan analyst lowers COPT Defense Properties' price target to $29, citing risks from budget cuts, Space Command HQ uncertainty, and slow data center growth.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service