Aggregator
‘Send Help’ Ending Explained: What Happens in the Rachel McAdams Movie
‘9-1-1’ Season 9 Ending Explained: Does Eddie Die? Is Athena Leaving?
US military aircraft encountered ‘super-hot’ orb during nighttime search mission near government site, Pentagon’s UFO files reveal
Another SoCal city aims to ban self-checkout lanes, following moves in Long Beach and Costa Mesa
NFL refs get ‘significant’ raise as scab disaster avoided
Minnesota GOP state lawmaker pushes House Oversight panel to subpoena Rep. Ilhan Omar
OnlyFans to sell 16% stake to Architect Capital at $3B valuation
Chapter 11 Bankruptcy Filings Increase 42%
Authored by Naveen Athrappully via The Epoch Times,
There were 644 commercial Chapter 11 bankruptcy filings in April 2026, a 42 percent yearly increase, according to a May 6 statement from the American Bankruptcy Institute (ABI).
A Chapter 11 bankruptcy seeks to reorganize a company’s debts, with the aim of keeping the business operational and, eventually, becoming solvent. This is the most common type of bankruptcy filing made by businesses.
Within the 644 commercial Chapter 11 filings last month, 301 were made by small businesses, up 46 percent year over year, ABI said.
Overall commercial filings, including Chapter 11 and other types of bankruptcies, rose 21 percent during this period to 3,060 filings this April.
Chapter 12 filings, which concern family farms and fisheries, surged 130 percent to 62 in April 2026, the highest monthly total since February 2020, according to the institute.
“Rising inflation, higher borrowing costs, and geopolitical uncertainty are intensifying the financial strain on families and businesses,” ABI Executive Director Amy Quackenboss said.
ABI “appreciates the momentum building in Congress to permanently expand access” for distressed small businesses looking to file bankruptcies for restructuring under Chapter 11, she said, referring to the Bankruptcy Threshold Adjustment Act of 2026.
The Act, introduced in March, seeks to permanently raise the small-business Chapter 11 bankruptcy debt threshold to $7.5 million, according to a March 5 statement from Rep. Ben Cline’s (R-Va.) office. The threshold is the maximum debt limit a small business owner can have while applying for such bankruptcy.
The higher limit will allow more small businesses to access a “faster, more cost-effective bankruptcy process” while they negotiate with creditors.
“The Bankruptcy Threshold Adjustment Act will give small businesses the certainty they need to reorganize, restructure, and keep operating when challenges arise,” Cline said.
“By permanently raising the eligibility threshold, we’re ensuring more job creators can access a streamlined and affordable bankruptcy process that helps them stay open, protect paychecks, and meet their obligations. Just as importantly, this bipartisan bill maintains the integrity of our bankruptcy system by keeping it self-supporting and fair for all who rely on it.”
Economic IndicatorsWhile bankruptcy numbers are increasing, other economic indicators, such as employment and business sector activity, are giving mixed to positive signals.
For instance, the initial unemployment weekly claims for the week ending May 2 stood at 200,000. While this was an increase of 10,000 claims compared to the previous week, the four-week moving average of the claims fell by 4,500 during this period.
In a May 7 statement, the National Federation of Independent Business (NFIB) said that its April jobs report indicates “softening” in the employment market.
The organization’s Small Business Employment Index declined for the second straight month in April. However, “even in a month with a weaker Employment Index, over half of small business owners reported hiring or trying to hire,” NFIB chief economist Bill Dunkelberg said.
Regarding business activity in the United States, five of seven sectors tracked by S&P Global registered higher activity in April than the previous month, according to a May 5 statement from the company.
In April, the health care, consumer goods, industrials, basic materials, and consumer services sectors grew month over month, while technology and financial sectors posted declines. Health care and consumer goods were the two top-performing sectors.
“The latest increase in Consumer Goods production was the steepest since April 2022,” S&P said. “This partly reflected advanced purchasing and customer stock building in response to expected price hikes, as the rate of new order growth surged to its highest since August 2021.”
As for the country’s overall economic growth, the first quarter 2026 U.S. GDP growth was 2 percent, up from 0.5 percent in the fourth quarter of 2025, according to an April 30 estimate by the Bureau of Economic Analysis.
In late April, Federal Reserve Chairman Jerome Powell said that U.S. growth was “really solid” across the economy.
“Some of that is that consumer spending is hanging in pretty well; the most recent data are good. And some of it is just the apparently insatiable demand for data centers all over the United States,” Powell said.
Tyler Durden Fri, 05/08/2026 - 14:20Jenny Mollen recently underwent popular celebrity surgery: ‘It’s insane’
Jenny Mollen recently underwent popular celebrity surgery: ‘It’s insane’
Congratulate the class of 2026 with 21 thoughtful graduation gift ideas
Maryland Blames Data Centers For $1.6 Billion Power Bill Shock, Omits Green Energy Mess
Maryland's Office of People's Counsel released a new report warning that homeowners in the state could face $1.6 billion in additional power bill costs over the next decade to subsidize transmission line upgrades, largely due to data center demand outside Maryland, more specifically from data centers in Northern Virginia.
OPC filed a complaint with the Federal Energy Regulatory Commission (FERC) arguing that PJM Interconnection, the largest U.S. grid operator, is forcing Maryland power customers to shoulder costs for grid expansion projects that feed into Northern Virginia. The complaint was titled "OPC complaint challenges PJM cost rules for unfairly assigning $2 billion in data center-driven transmission costs to Marylanders."
People's Counsel David Lapp said Maryland residents neither caused the need for the transmission line projects nor will they meaningfully benefit from them:
"Without FERC action, Maryland customers face paying billions for transmission infrastructure that PJM is advancing to benefit data centers. PJM's cost allocation rules are broken. Maryland customers have neither caused the need for these billions in new transmission projects nor will they meaningfully benefit from them."
The complaint comes as the Mid-Atlantic region, specifically Maryland, is locked in a power bill crisis, with a confluence of bad "green" energy policies colliding with the AI data center boom.
Not mentioned by the OPC or the one-party-ruled state of Democratic Party kings and queens is that Maryland is structurally dependent on imported power through PJM. It does not produce enough electricity inside the state to cover its own load, which makes power customers more exposed to regional grid costs, transmission upgrades, electricity price spikes, and data-center-driven demand growth outside of Maryland.
How did Maryland get to the point where it has to import roughly 24 million megawatt-hours of electricity a year, using 2024 EIA data, or about 40% of in-state electricity demand?
It is due to poor state-level management by politicians and their 'green' energy policies, which led to the early retirements of coal power plants and to a failure to prioritize new, reliable power to increase baseload.
Local outlet Fox Baltimore recently quoted Ed Hale, the Republican candidate for governor, who blamed the state's green energy policies and the early retirement of fossil-fuel power plants for the power bil mess.
"We have a lot of fossil fuels here that burn a lot easier and cleaner than in the old days," Hale said earlier this year. "I'm thinking that we have to do better, and we have to reopen the plants that have been not torn down, and just get them open again and reenergize them."
Beyond Maryland, but still in the Mid-Atlantic and Northeast regions, there is a hidden cost to the AI buildout: surging carbon prices are pushing up CO2 costs across the region past California levels, raising the prospect of higher energy costs for consumers, according to Bloomberg.
The price to emit a so-called short ton of CO2 into the atmosphere under the Regional Greenhouse Gas Initiative, a market covering 10 states, including New York, jumped 12% on Monday to $53.50, adding to a 31% gain last week. Traders are betting that Virginia's planned return to the market in July will boost demand for permits, as the state is the world's largest hub for data centers.
Whether through misguided green policies at the state level, such as charging companies for CO2 emissions, the prior 'everything green' framework has miserably failed consumers.
If the U.S. wants to win the AI race, progressive states like Maryland must build out new power generation and consider reactivating coal plants, while recognizing that becoming 'greener' could result in becoming poorer - Europe is finding that out (read here).
Tyler Durden Fri, 05/08/2026 - 14:00Ancient Settlement Older Than The Pyramids Discovered; Rewrites North American History
Authored by Steve Watson via modernity.news,
An ancient Indigenous settlement unearthed near Sturgeon Lake in Saskatchewan is challenging long-held views about early human presence in North America.
Dating to around 11,000 years ago and predating Egypt’s Great Pyramid by more than 6,000 years, according to the official timeline, the site provides evidence of long-term habitation rather than temporary camps.
Archaeologists working with Sturgeon Lake First Nation uncovered stone tools, fire pits, toolmaking materials, and remains of the extinct Bison antiquus. Charcoal layers point to controlled fire management, aligning with oral traditions. The findings suggest a sophisticated society with advanced hunting strategies, including buffalo jumps.
Experts found a Native American settlement older than the pyramids…
North America’s earliest inhabitants formed stable communities far earlier than previously believed.
Archaeologists working near Sturgeon Lake in Saskatchewan have unearthed evidence of a sophisticated… pic.twitter.com/8kh38Cklrf
The site, known as Âsowanânihk (“a place to cross” in Cree), lies about five kilometres north of Prince Albert along the North Saskatchewan River. It was first spotted by avocational archaeologist Dave Rondeau through riverbank erosion exposing artifacts.
Rondeau said: “The moment I saw the layers of history peeking through the soil, I felt the weight of generations staring back at me. Now that the evidence has proven my first instincts, this site is shaking up everything we thought we knew and could change the narrative of early Indigenous civilizations in North America.”
Dr. Glenn Stuart of the University of Saskatchewan added: “This discovery challenges the outdated idea that early Indigenous peoples were solely nomadic. The evidence of long-term settlement and land stewardship suggests a deep-rooted presence. It also raises questions about the Bering Strait Theory, supporting oral histories that Indigenous communities have lived here for countless generations.”
Prehistoric settlement discovery in North America older than Egypt's Great Pyramid rewrites human history https://t.co/PVQjzCRF63
— Daily Mail US (@Daily_MailUS) May 7, 2026Excavations indicate the location served as a hub for organized activity shortly after the last Ice Age. Researchers compare its importance to iconic global sites like the Great Pyramids, Stonehenge, and Göbekli Tepe.
The discovery includes evidence of bison pounds and kill sites, with hunters targeting massive Bison antiquus weighing up to 4,400 pounds. This points to coordinated community efforts and deep environmental knowledge.
Chief Christine Longjohn of Sturgeon Lake First Nation stated: “This discovery is a powerful reminder that our ancestors were here, building, thriving and shaping the land long before history books acknowledged us. For too long, our voices have been silenced, but this site speaks for us, proving that our roots run deep and unbroken. It carries the footsteps of our ancestors, their struggles, their triumphs, and their wisdom. Every stone, every artifact is a testament to their strength. We are not just reclaiming history, we are reclaiming our rightful place in it.”
The site, on Treaty 6 territory home to the Plains Cree, faces potential threats from logging and industrial activity. The Âsowanânihk Council, involving Elders, youth, educators, and archaeologists from the University of Saskatchewan and University of Calgary, is leading protection and further study efforts. Plans include a cultural interpretive centre.
Carbon dating of charcoal from a hearth places activity at about 10,700 years ago, roughly 1,000 years earlier than prior estimates for organized settlement in the region.
This find adds physical evidence to oral histories describing the area as a cultural and trade center, highlighting sophisticated land stewardship in post-glacial North America.
The discovery underscores ongoing collaboration between Indigenous communities and researchers to preserve and understand this chapter of human history. Further excavations and funding could yield more insights into early societal organization on the continent.
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.
Tyler Durden Fri, 05/08/2026 - 13:45