Robbins: Freedom of worship and the strange case of Warder Cresson – Vail Daily News

Warder Cresson was well strange. He was also the first American consul to Jerusalem. Seized with the evangelical fervor of the age, Cresson was convinced that the Second Coming was nigh, to come in 1847 to be precise. And Warder Cresson meant to claim a front-row seat.

Cressons main qualification for the job of counsul-general was his messianic zeal and his connection to then-Secretary of State John Clahoun, who prevailed upon President John Tyler to appoint him.

Cresson and his contingent arrived in the Holy Land with drooling passion along with great pompt and fanfare.Almost at once, he announced to the ruling pasha that he had come to witness the apocalypse.Dipolmats shortly informed the president that his delegate to Jerusalem was a religious maniac and madman.

By design, the United States Constitution takes a hands-off approach to religion. The operative part of the First Amendment provides that Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof In time, in his own sort of thrashing way, Warder Cresson would test that most fundamental precept of the Constitution.

Born to a well-to-do Quaker family, before arriving in Jerusalem, Cresson had spent two decades trying on the coats of half-a-dozen different apocalyptic cults, along the way abandoning his wife and six children.At different times, he had been a Shaker, a Millerite, a Mormon and a Campbellite before, at last, he became convinced that return of the Jews to Jerusalem would assure the second coming. Cresson adopted this literally as an article of faith.His faith, though flighty, was deep, abiding and maniacally sincere.

Ultimately the president tired of Cressons schtick and relieved him of his duties.But that did little, if anything, to deter Cresson. For several years, he continued to issue visas for the protection of Jews, converted to Judaism and changed his name to Michael Boaz Israel (or, more formally, Michoel Boaz Yisroel ben Avraham).

This was too much for his beleaguered wife.

Elizabeth Townsend Warder sued to have her wayward husband declared insane.

The peripatetic Warder Cresson-cum-Michael Boaz Israel jumped on a boat and sailed back from the Holy Land to Philadelphia to answer to the inquisition of lunacy which soon took on the buzz of the O.J. Simpson trial of its time.

What was at stake in an admittedly roundabout way was the precept of religious freedom.What the long-suffering Mrs. Cresson was testing was the constitutional right of an American citizen to believe whatever he or she desired.Hers was a frontal assault on the First Amendment.Could Warder-cum-Michael slake his religious fervor with what Mrs. Cresson believed was any cockamamie thought that flitted through what was surely his deluded brain?Wouldnt her success in doing so stomp on the very essence of Jeffersonian liberty?

At the trial, Warder Cresson was found to be insane.

But that was not the end of it.

He appealed and a retrial was ordered.

In the second legal bout, which went on for six days and entailed nearly 100 witnesses, the woebegone Mrs. Cresson lost.Warder/Michael, the court ruled, whoever the heck he wanted to be, could be, think, or believe any religious thing he wanted.There was no restraint on thought or the pursuit of religious satisfaction.

Cresson returned, triumphant, to Jerusalem.He established a model Jewish farm, studied the Torah, divorced his wife and remarried a woman who was more aligned with the religious paroxysms that dominated his actions and his thoughts, and fathered three more children.

What the strange case of Warder Cresson affirmed was that the First Amendment meant what it said; that there could be no state-aided constraint on the exercise of ones religious convictions, however odd, or like the rebounding of a Pachinko ball it may appear to others.Every citizen was entitled to accord with his/her beliefs and conscience. The state would not and could not aid or abet one set of beliefs or systems to be superior to any other.

Law, like God, at times works in mysterious ways.What often seems at first blush like a plain vanilla dispute between two parties take the domestic woes between Mrs. Cresson and her errant husband (or Rosa Parks refusing to give up her bus seat, or Earl Gideon establishing the Sixth Amendments right to counsel, or Ernesto Miranda affirming an accused Fifth Amendment right against self-incrimination) can ripple out and have repercussions far beyond the nut of the initial dispute.In fact, at law at least, that is more the norm than the exception.It is the rare case where a party expressly sets out to make or challenge the law.

More often, what starts out as a private dispute swells with importance. Such then was the strange case of Warder Cresson who became a respected member of his adopted community and is buried on the Mount of Olives within easy view of the Old City of his beloved Jerusalem.

Rohn K. Robbins is an attorney licensed before the bars of Colorado and California who practices in the Vail Valley with the law firm of Stevens, Littman, Biddison, Tharp & Weinberg LLC. His practice areas include business and commercial transactions, real estate and development, family law, custody and divorce and civil litigation. Robbins may be reached at 970-926-4461 or at his email address, robbins@slblaw.com.

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Robbins: Freedom of worship and the strange case of Warder Cresson - Vail Daily News

The Consequences of the Coronavirus Will Haunt Us Forever – Investment U

Investment Opportunities

By Andy Snyder

Originally posted March 25, 2020 on Manward Press

Weve got bad news.

Despite all the ciphering, speculation and soon-to-be-crushed curves this crisis will never end.

Like a scar across the cheek from a blow we never saw coming, the effects of the coronavirus will last forever.

Oh sure, stocks will recover, the economy will come back and, yes, well even gain immunity to the nasty little bug.

But, as always, theres more to the story

A lot more.

We joined in on a conversation with a state senator Monday night. Hes one of the good ones a former Army officer and a staunch defender of freedom. (We fear he wont last long in politics.)

The chat was somber, with hints of optimism.

The topic was one thats on the minds of so many Americans these days the limits and powers of the government.

The message that this senator repeated over and over was quite simple: Let the people decide.

Right now, for instance, in many states throughout the Union, businesses have been forced to close. Jobs have been lost. Retirement plans are crushed.

Divorces will spike. Suffering will rise. And Trump isnt wrong suicides will come.

A 66-year-old woman shot herself in the head just down the road last night.

Its a hell of a thing.

Perhaps the thing thats gone most unnoticed, though, is the new presumption of guilt in the nation.

Were now guilty before proven innocent. Were now deemed to be riddled with the virus before the government tests us and tells us were not.

This is a nasty mindset that strikes at the core of American values.[mw-adbox]

Here in Pennsylvania, all nonessential businesses were told to shut down. The state police are handing out fines.

But, as anybody would guess, the governors definition of nonessential is different from yours and ours and the mans who is running the shop in town.

The state wisely set up a waiver system for the new rules. But businesses are deemed guilty before they prove themselves innocent.

Even if a guy is sure his business is essential, hes got to close it until the government reviews his application and deems him safe to stay in business.

Last we heard, there were 13,000 applicants waiting to hear the fate of their business.

And the bureaucrats are in no hurry.

Again, its a hell of thing.

Do they think were that dumb? our friend in the Senate asked. They cant trust the people to make the right decision?

Meanwhile the police patrol the streets with drones. The National Guard has moved into New York City. And kids throughout the country will miss months of school.

Perhaps scariest of all is the fact that the media is quickly weaponizing the idea that the cure for this virus may be worse than the disease.

It demonizes us for even pondering the question for even wondering whether life is life without Liberty.

Its a tough discussion that must be had with clear heads not with the November election fogging the view.

This is where our old, reliable pal Know-How enters the story.

And its where things get scary

Few folks know exactly how much power the government gave itself after our last big national emergency.

Oh sure, we see an army of bored TSA agents each time we fly (there are 44,000 of them now). We see an occasional officer from the Department of Homeland Security when we drive through the city. And our new drivers license has a shiny sticker on it telling whoever bothers to look at it that our background has been checked and were clean.

But few folks know 9/11 gave your state governor immense control over your health.

Worried about a biological attack, governments across the land penned a bevy of ideas that most Americans are only finding out about some 19 years after the fact.

Your governor, as you now know, has the power to quarantine you or the whole state. So does the president.

With an emergency declaration, he can ration vaccines and other medicines.

And if things get really bad, in states like Arizona, the governor can jab you with a needle of the serum of his choice. In the Grand Canyon state, the governor can force the vaccination of folks diagnosed with a deadly disease or, get this, simply those who are reasonably believed to have been exposed or who may reasonably be expected to be exposed.

This isnt some internet myth or hype. Its fact. You can read the bill here.

Its scary.

We sure hope any vaccines that hit the market arent rushed because theyd be sticking us all this week if they could.

And dont try hiding your cough or blaming allergies.

The same laws that let the governor vaccinate you also let his boys dig into your medical records to see if youve asked a doc about your symptoms and they let the government track your calls and movements just to verify youre not hanging out with large groups or other infected folks.

But before you go thinking were preaching some sort of anti-vax message, we beg you to remember that none of this comes along with the great protections that make America America.

This can all and has been ordered by just one man.

Theres no judge or jury.

Theres no Fifth Amendment that keeps your business open until your case is heard.

Theres no Fourth Amendment that keeps the man from looking in your shop windows.

Theres not even a First Amendment right to protest when the government tells us we cant gather in groups of three or more.

This a dangerous disease.

Its a hell of a time in America.

But we must not make it worse.

We must open our minds and see all that is going on.

Some of its good (weve reported it). Some of its quite bad.

But more folks must understand the decisions and precedents we set today will affect this country for good.

If we fail now, this crisis will never go away.

This is about to become a huge discussion across the nation. Please join it with an open and informed mind.

Note: Are our core values in danger? Send us your thoughts here.

Andy did what most of us can only dream of. He left our bustling society to rough it in the Alaskan wilderness no roads, no electricity, nothing but the outdoors and his sharp mind. While there, he met with top investors and entrepreneurs from across the globe, all seeking out his expertise. His experience inspired the idea for his unique publishing company, Manward Press. Not only does Andy dish out top-notch investment advice (after all, he spent a decade as an advisor at one of Wall Streets top brokerages), but his mission is to lead folks to richer, healthier lives through his science-backed Triad of Liberty, Know-How and Connections. His one-of-a-kind free daily e-letter,Manward Digest, is a true fan favorite.

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The Consequences of the Coronavirus Will Haunt Us Forever - Investment U

How to Solve the Fixed-Costs Crisis – The Atlantic

When we tell the shop to close down for a month, it can cut its variable costs (including, unfortunately, through layoffs), but not its fixed costs. When the shop isnt earning that gross margin on each cup, its fixed costs keep accumulating and can quickly overwhelm any reserves it may have saved. Support that covers all the lost revenue would be excessive; what is needed is support in proportion to fixed costs.

Note, also, how this challenge differs from that of a typical debt crisis. Interest payments on debt are one form of fixed cost, and a firm that takes on too much debt can find that even a small downturn in salesor even no downturn at allleaves it without enough gross margin to cover the interest owed. But here, with revenue collapsing to zero, through no fault of the business owner, the crisis has nothing to do with excessive leverage. Even if the coffee shop borrowed responsibly, or didnt borrow at all, other fixed costs could still become crushing.

Peter Wehner: The Trump presidency is over

How to help businesses facing a total revenue collapse cover their fixed costs? A good place to start would be in the Anglo-American tradition of compensation for a government taking, best known in the United States from its appearance in our Constitutions Fifth Amendment: Nor shall private property be taken for public use, without just compensation. We recognize that government must sometimes take private property, as when it uses eminent domain for the construction of a road or pipeline. But we also recognize that when it does, it must pay.

The shutdown of commercial establishments necessitated by our public-health crisis is, in a sense, such a taking. Not necessarily in the constitutional sensea complex jurisprudence has evolved on the question of when government regulation of a propertys use might rise to the level of taking, and my suggestion here is not that current conditions necessarily qualify or that our government is therefore compelled to provide compensation. Rather, in common sense: The coffee shop owner would like to operate his business and we, the public, need him not to. He has not failed in business; to the contrary he has succeeded and, but for public need, his shop would have customers. He is paying for property, the economic use of which we have entirely deprived him. Shouldnt he be compensated?

A Public-Health Takings Fund could, and should, reimburse business owners deprived of the profitable use of their real property by public-health imperative. Thanks to the widespread existence of well-documented mortgages and leases on which businesses have made regular payments, determining the amount of compensation will in most cases be straightforward. Compensation should be available to businesses closed by local, state, or federal regulation, for the duration such rules remain in effect. It should require continued maintenance and upkeep of the property. Importantly, it should be a grant, not a loanit is not a new resource, but rather compensation for a cost incurred. If businesses are saddled with additional loans that they cannot use for forward-looking investment, they will face higher fixed costs with nothing to show for it long after the present crisis ends, leaving them more fragile and with worse prospects.

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How to Solve the Fixed-Costs Crisis - The Atlantic

Guy’s Decision To Hook Up With Woman After She Offers To Pay Him For Sex Blows Up In His Face Big Time – Comic Sands

A 21-year-old guy who was working the midnight shift at his job was bored with the lack of customers.

However, an encounter with a woman who stopped by with a seductive offer changed everything, but not in a good way.

Redditor "throwaway53018" prefaced his TIFU (Today I F'd UP) post by disclosing that he tends to "run into some really weird people" at his place of work.

He played right into this very narrative on this fateful night.

The Original Poster (OP) may have appreciated the company to occupy his boredom, but her services beyond that were not required.

But it wasn't the last he saw of her.

say it what GIF by SkyGiphy

Things took a turn, post-coitus.

see ya goodbye GIFGiphy

The OP's father shared an interesting anecdote regarding a woman who was arrested for drunk-driving.

Redditors gave their advice on what not to do.

its always sunny in philadelphia shut up GIFGiphy

Redditors warned that lying to authorities could have serious consequences.

This user suggested the OP plead the fifth amendment and attached a video in which a Regent University Law professor recommended not talking to the police.

Don't Talk to the Policeyoutu.be

This informed user suggested to say the following when cops put on the pressure.

The OP gave an update with some bad news.

He lied and forgot about the surveillance cameras.

This is how Redditor "Peaceful-mammoth" sees it.

The hotel got slammed for their intervention.

Maybe the OP will get off easy.

We have bigger fish to fry.

So much for social distancing.

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Guy's Decision To Hook Up With Woman After She Offers To Pay Him For Sex Blows Up In His Face Big Time - Comic Sands

What Should We Know About the Presidents Health? – The Atlantic

It is true that the public deserves a sense of a candidates physical and mental fitness, and that candidates have a moral responsibility to disclose serious conditions that could impair their ability to serve. Its just not clear that indiscriminate release of medical records gets us there.

If genuine concern persists about candidates health, we could consider creating an independent panel of doctors to perform a physical examination and offer impartial assessments of candidates ability to serve. Such a panel has been proposed by Jimmy Carter, among others, and could vet not only candidates health, but also when and whether the Twenty-Fifth Amendment should be invoked for an incapacitated president.

Read: The hardest job in the world

Indeed, a more important concern about whether a president can effectively govern is declining mental acuity over timesubtle cognitive changes due to nascent dementia or other neurological conditions. Unlike cholesterol levels and colonoscopieswhich are objective, diagnostic, and widely usedno single test determines whether a person has the mental or emotional deficits we might worry about with presidential candidates.

While screening exams exist, such as the one President Trump took in 2018, diagnoses of cognitive decline are made based on comprehensive assessments of in-depth interviews, laboratory data, and imaging tests. But a candidate who runs an effective presidential campaign is unlikely to arouse sufficient clinical suspicion for a doctor to actually pursue and document any significant cognitive impairment.

Moreover, not all patientsleast of all the powerful, high-performing patients running for presidentroutinely receive this type of cognitive evaluation. Doctors calibrate neurocognitive testing and treatment to the individual patient in front of themand even with the same patient, different doctors may consider different diagnoses and record different data. Doctors notes, then, are more like journal entries than tax returnsand thus dont allow for objective, meaningful comparisons of mental fitness across candidates.

And so, annual nonpartisan health evaluations, ones that include cognitive assessments, would be far more helpful than old medical records or letters from longtime doctors. This is partly because, as Carter notes, unlike candidates personal physicians, an independent panel wouldnt have to balance patient confidentiality and personal interest vis--vis the nations interest. But its also because most neurocognitive tests are more valuable as repeated measurements used to track trends in cognitive and behavioral functioning over timeas could be performed by annual evaluationsthan as snapshots of mental acuity available through old medical records.

Ultimately, however, no medical stamp of approval exists for presidential fitness. The best test of whether a candidate is fit to serve is their performance during the campaign (that is, if we ever get back to a normal campaign). Just as impeachment is a political processnot a legal onedetermining whether someone is fit for the highest office requires the publics judgment, not the doctors note.

Aside from a few rumors, Grover Clevelands maritime operation remained largely secret for nearly a quarter century, until the missions last surviving surgeon finally revealed what had happened. Cleveland, a cancer survivor who weighed 260 pounds, recovered swiftly and completed his second term without incident. He went on to enjoy more than a decade of post-presidency life, and died, according to one report, a perfectly natural death.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.

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What Should We Know About the Presidents Health? - The Atlantic

Liberated is a cyberpunk noir that takes place within the pages of a digital comic book – PC Gamer

Liberated is a neo-noir action-adventure set in a world where the government has started to act like Big Brother.The setting is inspired by surveillance technologies that are being used in the world right now, and the game merges sidescrolling action with the structure of a digital comic book to tell its story.

Of course, not everyone is particularly happy with living in a surveillance state, and a group of rebels who call themselves the Liberated have risen up in objection to the use of technology controlling the population. This group of freedom fighters might sound like the protagonists, but the group has radicalised, and will go to bloody lengths to get what they want.

Liberated explores both sides of the conflict through four characters, each with their own sense of justice. The story has echoes of Watchmen in that there are no heroes, only flawed people who will aggressively fight for what they believe in. The art style is stark, punchy and moves seamlessly between the 2D comic story panels and the 3D action sequences. From playing the demo, you can just feel the love for the comic genre in every panel of the game.

"To be bold, what we're hoping to achieve with Liberated is a create the comic book 2.0," Atomic Wolf's communication manager Konrad Wakuski says. "I would even say Liberated is sort of our proof of concept or something that we want to call the playable graphic novel. Our goal is to make up for that loss of physicality with interactivity, animation and sound to create an immersive experience that you can only do digitally. But still keeping the charm and the coolness of the traditional paper comics the art form itself."

What we're hoping to achieve with Liberated is a create the comic book 2.0.

After playing Liberated's free demo, I can certainly vouch for its coolness. Each chapter begins with the opening of a comic book, you click through the animated panels and then enter into a side-scrolling action scene. Atomic Wolf says that these sequences will be a mix of stealth, platforming and puzzles.

The gunfights in particular leave a lasting impression. As you unleash a torrent of shots, bullets zip across the panel and land with a satisfying comic book 'AARGH!' when you hit an enemy. Everything is in deep shades of black and grey with flashes of white and when you get hit by an enemy the edges of the comic book slowly become splattered in crimson blood.

"We wanted to create a simulation of reading a comic in the digital space," Wakuski says. "And in terms of that, there is a lot of detail that actually comes into play. One is how your eyes would normally move across the comic book pages, like how you see it as a whole first, and then use zoom in on each panel, taking your time with each individual image and then creating context from the surrounding panels. There isn't a loading screen, there is no nothing forcing you to move forward, the reader sets the pace and we wanted to recreate that."

To emulate this, Liberated lets you click through panels at your own leisurely pace. During action sequences your can stand still to recover health, which gives you time to stop and appreciate the environment you're in. Wakuski tells me that it's vital to get this sense of pacing right to do the comic book form justice.

"Whether an action scene plays out fast, or it plays out in slow motion, the flow of time depends entirely on you," he says. "It's dependant on how fast you read and how long you linger on each individual panel. So the importance of letting you do that was a crucial part of designing the comics part of the game itself. Then during the video game sections of the game, that dynamic changes."

It's cool to see that Atomic Wolf hasn't only been inspired by the art style of comic books, but the entire medium as a whole. The team have thought about the intricacies of how a reader interacts with the pages of a comic and have cleverly brought them into the game.

If you missed the demo, Liberated is due out sometime later this year so you won't have to wait too long to play it.

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Liberated is a cyberpunk noir that takes place within the pages of a digital comic book - PC Gamer

PS5: 5 Games we’re playing on the PlayStation 5 God of War 2, Cyberpunk 2077, Horizon Zero Dawn 2 & more – RealSport – RealSport

The PS5 is releasing later this year, and with it will come a whole roster of incredible games!

With the PS5 set to release later this year, we are beyond excited to get our hands on some of the new titles that are expected to come with next-gen.

With the upgrades in both software and hardware, there is likely to be some outstanding graphics weve never been able to experience before on a console.

Not only are there games set to release on all platforms, but Sony has some hidden gems up their sleeve just for the PlayStation 5.

Continue below to read more on our top picks for the PlayStations 5, as well as an honourable mention!

The first Horizon Zero Dawn released over 3 years ago, leaving fans desperate for more cyber-hunting action!

HZD2 is set to be a PlayStation exclusive, so any Xbox fans will have to wait for a possible, but unlikely, Xbox release.

The new PS5 will allow the developers to create an even more in-depth world. With better hardware, the game will look and feel more realistic.

READ MORE: Horizon Zero Dawn 2: Release date, platforms, trailer, characters, enemies, gameplay, news & everything you need to know

The PS5 is also using an SSD instead of a hard drive, meaning games will load much faster. With HZD, this will create a much more fluid and natural experience.

The God of War series is notorious for its elaborate storytelling and overabundance of badass fight scenes.

The reboot continued with this formulae and gave us one of the greatest games of all time.

We follow Kratos through the new Norse mythology realm, where he journeys to deliver his wifes ashes to the highest point in all the realms.

READ MORE: God of War 2: Sequel to Santa Monica Studios Fourth GoW game teased by Developer!

At the end, we get a sneak peek into the next game with Thor coming to get revenge on Kratos for the deaths of his extended family.

We cant wait to get our hands on the next chapter of Kratos journey, with more Gods, Monsters and epic moments to experience!

The next Call of Duty is set to release in the Autumn of 2020. This means it is likely to come out before the release of the next console.

This will mean the game will release on both the PS4 and the upcoming PS5.

From the current information we have, we know the next COD will be set in the Cold War and will continue the Boots-on-the-ground feel that the series has been following for the last few years.

READ MORE: Modern Warfare 2019 Pre-Order: Captain Price Playable Character Leak In Blackout Black Ops 4 DLC 4, Cross platform, Maps & more

The story will continue on from the first Black Ops games, with possible original characters such as Mason and Reznov.

Although the current COD game, Modern Warfare, has amazing graphics, we can expect the new title to look even better.

Cyberpunk has found itself delayed from April to September 2020. This is unfortunate, as this means it will release just before the next-gen consoles are available.

CD Projekt Red had no plans to release the game on the PS5, but due to this delay, they are now considering a next-gen release given the circumstances.

From what weve seen, the graphics look stunning! With its ultra-realistic lighting and immersive story, Cyberpunk is at the top of everyones watchlist.

READ MORE: Cyberpunk 2077 Release Date: Trailer, Gameplay, Pre-order Bundles, Weapons, Leaked Map, Characters, PS5, Xbox Series X & everything else you need to know

Fans of The Witcher and other RPG games are hyped for Cyberpunks release, but we have a little way to go yet. Click here to read more about our coverage of Cyberpunk.

Set in Feudal Japan, Ghost of Tsushima takes an eastern spin on your standard RPG.

The combat and swordplay look amazing. It seems gritty and realistic allowing the player to pull off combos and deadly executions.

The story is in-depth and presented with beautiful cinematics and dialogue. Alongside a genuine Japanese score, it seems Ghost of Tsushima will be an extremely immersive experience.

READ MORE: PlayStation 5 Specs: PS5 is a huge step above PS4, but might be behind Xbox Series X

Since its reveal at E3 2018, weve been on the edge of our seat to get a better look at the core mechanics of the game, as well as more story details.

GOS is set to release on PS4 on the 26th June 2020, meaning well see a re-release of the game on PS5 later down the line.

Elder Scrolls VI was teased at E3 2018. Its reveal trailer simply showing the name and logo as well as some scenery.

With The Elder Scrolls V: Skyrim become one of the biggest games of all time, there are high hopes for the next big Elder Scrolls game.

With Bethesda able to take advantage of the new system, we hope to see a much larger world to explore, as well as better graphics.

READ MORE: Elder Scrolls 6 Location: Leaked internal memo may have just revealed the location of the next instalment

There is currently no set release date for The Elder Scrolls VI. If you wish to read more about the ESO VI, click here.

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PS5: 5 Games we're playing on the PlayStation 5 God of War 2, Cyberpunk 2077, Horizon Zero Dawn 2 & more - RealSport - RealSport

CD Projekt Red Goes Behind The Music Of Cyberpunk 2077 – CGMagazine

At a time where social distancing is being recommended globally, the world has rarely before been this on edge about anyone displaying symptomatic behaviours of any kind. Thats probably why Animal Crossing: New Horizons players are having such strong reactions to a sneezing emote.

In Nintendos new Switch exclusive, players can learn how to use emote animations from NPC villagers. These cute humanoid animals will randomly approach the player to teach them how to look happy, sad, or how to dance. Another emote theyll teachwithout any warning or concern for the players personal spaceis sneezing. The interaction usually plays out thus: a villager runs up to the player, tells the player to watch this, and then sneezes directly into the players face.

Given the current climate brought on by the coronavirus pandemic, COVID-19, this otherwise innocuous (though definitely rude) emote has elicited an extreme response in players. Many are posting videos of this random interaction with shock and terror.

This rat just gave me Corona Virus. Ill stay away from people (& animals) from now on. #AnimalCrossing #ACNH #NintendoSwitch https://t.co/9I3S1HHIGU

thanks asshole #AnimalCrossing #ACNH #NintendoSwitch https://t.co/ORAmzveWQe

this is me meer seconds before i contacted COVID- 19 (please practice social distancing) #AnimalCrossing #ACNH #NintendoSwitch https://t.co/o1Gf7fhxUM

Many have taken to having their Animal Crossing avatars wear face masks, perhaps in response to this absolutely uncalled-for behaviour. Others have put up signs in their village, asking visiting players to avoid sneezing on each other. One has even gone as far as to gate off their islands entrance, barring other players from visiting.

came to my freinds island and this happened #AnimalCrossing #ACNH #NintendoSwitch #coronavirus #dodocode https://t.co/CggvR0RoK4

Readers should be aware that sneezing is not currently a known symptom of the coronavirus, though it is always best to cough or sneeze into the crook of your arm. It also should be noted that, if you are feeling sick, you should definitely stay home for at least fourteen days. In any case, visiting other Animal Crossing players villages is perfectly safe, seeing as Animal Crossing: New Horizons is a video game and not a vehicle for spreading the coronavirus or any other illnesses. It is, however, a fantastic life simulator that does an incredible job of giving the players a lot to do in a game that is essentially about doing nothing, and is a great way to pass the time if you are currently quarantined or generally practicing social distancing. If youre looking for any other multiplayer games to play during these trying times, check out Tabletop Simulator, an incredible game that bridges the gap of social distancing with a playful physics system and a robust library of board game mods.

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CD Projekt Red Goes Behind The Music Of Cyberpunk 2077 - CGMagazine

Killing Floor 2 goes Cyberpunk in its Neon Nightmares update – Blast Away the Game Review

Continuing to the teams dedication to their fans and launching free and consistent content updates for Killing Floor 2, Tripwire Interactive has officially launched their Neon Nightmares update for Killing Floor 2, bringing new weapons, maps, and a lot more chaotic fun.

When it comes toKilling Floor 2, Tripwire Interactive continues to surprise with their dedication to the game, which is currently available for PlayStation 4 and Xbox One consoles alongside the games Steam version for PC users. The latest update brings in a neon-fulled nightmare as players will fight against the zed hordes in the new map titled Biolapse.

The new map is available in both survival and weekly game modes, allowing players to explore multiple levels in an abandoned Horzine laboratory where survivors can use layouts and traps to give the zeds all sorts of trouble. While using the maps layout and traps to their advantage, survivors can also enjoy two new weapons including the HRG Incendiary Rifle as the Firebug, which is a modified M16 M2013 Assault Rife equipped with an incendiary grenade launcher.

As a paid option, players can also use the Compound Bow in order to take out zeds, allowing them to use two different arrow types including Sharp and Cryo arrows to bleed zombies to death or freeze them and cause them to take substantial damage when melee attacked.

Not bad for those looking to enjoy even more free content for the game! Meanwhile, you can check out our review for the initial launch of Killing Floor 2 today.

About the Writer(s):

Dustin is our native video game reviewer who has an appetite for anything that crosses the borders from across the big pond. His interest in JRPGs, Anime, Handheld Gaming, and Pizza is insatiable. You can find him over onTwitterorFacebookwhere he interacts with his followers quite a bit!

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Killing Floor 2 goes Cyberpunk in its Neon Nightmares update - Blast Away the Game Review

Rand Paul and the Stench of Entitlement – European Interest

If you want to understand everything that is wrong with American politics and society, but are tired of the Trump show, Rand Paul might be a good place to start. Paul is the junior senator from Kentucky so, believe it or not, is actually the more decent and compassionate member of that unfortunate states senate delegation, but given that the other senator from Kentucky is Mitch McConnell, that is not saying much about Paul.

For much of his life, both inside and outside of politics, Paul has been a devout Libertarian. He is the son of former Libertarian presidential candidate, and current quack, Ron Paul, so Rand Paul, who was named after the high priestess of Libertarianism-and deeply mediocre novelist-Ayn Rand, came to his Libertarian from a very young age. In recent years, like many in his party, Paul has moved away from whatever odd principles he once had in favor of fealty to Donald Trump.

Senator Paul recently became the first member of the senate to announce that he has tested positive for the Covid-19 virus. According to a statement his office released on Sunday, Paul, is feeling fine and is in quarantine. He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events. If you are reading this and are able to take a test out of an abundance of caution because of extensive travel and events raise your hand. I dont think many American hands went up. The US has been so slow getting tests out that many people who have symptoms are not able to get tested, but Paul a powerful, well-connected and wealthy man was able to get the front of the line. At no point has Paul expressed any recognition that the president he so faithfully follows has worked hard to deny other Americans the ability to assuage concerns similar to Pauls.

Paul, like virtually every other member of his party made no effort to restrain, or even contradict, a Republican president who has spreading disinformation about the virus

In the days leading up to deciding to be tested for the Coronavirus, Paul continued to go about his life more or less as usual. Even after being tested, but before getting the results, Paul conducted his business as a senator, worked with staff and other members and did minimal social distancing. In doing that he exposed countless others to the virus, putting their health and lives at risk. Additionally, Paul, like virtually every other member of his party made no effort to restrain, or even contradict, a Republican president who has spreading disinformation about the virus.

Pauls reckless behavior may have directly affected dozens, perhaps hundreds, of people, but for every high profile senator like Rand Paul who ignored the warnings right up until he became concerned for his own health, there are thousands of Americans who continue to be misinformed by Donald Trump and his enablers in politics and media. These people are unable to get a test when they are concerned, and, in many cases, like Paul have spent weeks ignoring the reality of the Coronavirus crisis and therefore accelerated the spread of the disease.

Rand Paul is an angry, unpleasant, hostile man who has been educated and indoctrinated far beyond his intelligence and who has sacrificed whatever limited integrity he once had at the feet of an unstable and dangerous president. He is now suffering from a deadly illness in no small part because of his own ignorance. However, I wish that he, like all sick people, have a speedy and quick recovery. If he recovers, the test of Pauls meager intellect, and indeed humanity, will be if he recognizes that parroting scientifically bankrupt ideas for fear of upsetting a deeply troubled president is condemning others, who do not have access to early testing or good medical care, to death.

Lifting social distancing policies will lead to an extremely significant increase in deaths. However, a growing number of Republicans think that is okay if it helps the economy and therefore Trumps reelection chances

Unfortunately, that reality still escapes most Republicans whether in government or media. The proof of that is the extent to which conservatives sought to downplay the Covid-19 crisis and their subsequent failure to defer to those who understood pandemics and how to fight them. Moreover, those previous failures are in danger of being compounded exponentially as Republicans including Donald Trump and numerous others are advocating lifting social distancing policies and recommendations because of the effect it is having on the stock market.

This is an extraordinarily short-sighted, murderous, immoral, and for lack of a better word, idiotic idea. Lifting social distancing policies will lead to an extremely significant increase in deaths. However, a growing number of Republicans think that is okay if it helps the economy and therefore Trumps reelection chances. This is simply evil, but it also reveals a level of stupidity that is exceptional even in the Trump era. Do they not realize that two million deaths will lead to economic disruption and fear that would make the current economic downturn look like a Sunday school picnic?

Trump and Paul share a core inability to accept scientific reality when it gets in the way of either ideology or partisan interest, as well as an astonishing inability to recognize how this pandemic is already affecting millions of Americans. These two powerful politicians are completely buffeted from the economic uncertainty and lack of access to healthcare that frame the crisis for the rest of us. Thus, it is no surprise that they can blithely issue statements about getting tested because they are concerned or say things like we cannot let the cure be worse than the problem. Like most Republicans Paul and Trump know and clearly dont care that the lives and livelihoods that are lost because of their decisions are unlikely to be their own.

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Rand Paul and the Stench of Entitlement - European Interest

Sen. Rand Paul Reveals He Has Coronavirus – The Daily Beast

Sen. Rand Paul (R-KY), who was the only senator to oppose a coronavirus relief package last month, announced Sunday that he has tested positive for the virus.

He is feeling fine and is in quarantine, an announcement on his Twitter said. He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events.

It added, He expects to be back in the Senate after his quarantine period ends and will continue to work for the people of Kentucky at this difficult time.

In addition to being the only senator to vote against an $8.3 billion emergency coronavirus package, Paul also was one of the eight senators who voted against paid sick leave in a stimulus bill that passed with an overwhelming 90-8 vote last week.

I think that the paid sick leave is an incentive for businesses to actually let go employees and will make unemployment worse, Paul, a physician who has a Kentucky-issued medical license, explained to Newsweek.

CNN reported that Paul closed his Capitol Hill offices over a week ago and urged employees to work from home due to concerns over the coronavirus outbreak. Two people who attended the annual Speed Art Museum ball in Kentucky with the senator on March 7 later tested positive for the virus, according to the Courier-Journal.

But despite reportedly being tested roughly a week ago, Paul continued to interact with colleagues and even worked out at the Senate gymand was swimming in the poolon Sunday morning, shortly before he received his positive test results, Politico reported.

Paul is the first senator to test positive for the novel coronavirus. Two other members of Congress, Reps. Mario Diaz-Balart (R-FL) and Ben McAdams (D-UT), have also gone public with positive test results.

According to the World Health Organization, COVID-19, the disease caused by the novel coronavirus, is particularly dangerous for people with lung problems. In August 2019, Paul had part of his lung removed after an altercation with his neighbor Rene Boucher. The two had a long-running dispute over lawn care.

On March 2, Paul appeared on Fox News and downplayed the global threat of the coronavirus.

While it is worldwide, I think there is room for optimism that this thing may plateau out in a few weeks and not be as bad it as it may have been portrayed, he said to host Neil Cavuto. Weve seen pockets of this around the world and even in Italy and Iran where we have it, but none of it is approaching what started in China.

When asked about institutions taking larger measures to limit the spread of the virus, Paul was resistant to the idea. I think closing down the Smithsonians would be way too premature and I wouldnt advise something like that.

And when Cavuto asked Paul about making personal adjustments to avoid infection, the Senator was particularly defiant. I mean, I fly all the time and Im not cutting back on my flying... I was on a plane today, he said. I could be wrong and this could be really bad in two or three weeks or a month, but Im hoping its not going to be. Im not ready to buy all the toilet paper at Target.

The senators father, Dr. Ron Paul, a physician and a former Republican congressman from Texas, published an essay called The Coronavirus Hoax last week for the New River Valley News, a local outlet based in Virginia.

People should ask themselves whether this coronavirus pandemic could be a big hoax, with the actual danger of the disease massively exaggerated by those who seek to profitfinancially or politicallyfrom the ensuing panic, the elder Paul wrote.

As of Sunday afternoon, there are 30,000 COVID-19 cases in the U.S., and nearly 400 people have died.

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Sen. Rand Paul Reveals He Has Coronavirus - The Daily Beast

Rand Paul Tests Positive for Coronavirus Days After His Father Dismissed Panic Over the Disease as a Hoax – Newsweek

Kentucky Republican Senator Rand Paul's father, former Texas Congressman Ron Paul, penned an article titled "The Coronavirus Hoax," just six days before his son became the first U.S. senator to test positive for COVID-19.

"Senator Rand Paul has tested positive for COVID-19," Paul's office announced on Twitter Sunday. "He is feeling fine and is in quarantine. He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events. He was not aware of any direct contact with any infected person."

Paul's office said that the senator "expected to be back in the Senate after his quarantine period ends and will continue to work for the people of Kentucky at this difficult time." They also noted that no staff has been in contact with Paul as his D.C. office went remote 10 days ago.

Prior to Paul's diagnosis, a recent article titled "The Coronavirus Hoax," by his father Ron Paul was published on March 16. In the piece, Ron Paul said that "governments love crises because when the people are fearful they are more willing to give up freedoms for promises that the government will take care of them."

He also called Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, the "chief fearmonger" who "did his best to further damage an already tanking economy," when Fauci appeared on the TV program Face the Nation.

"Over what? A virus that has thus far killed just over 5,000 worldwide and less than 100 in the United States?" Ron Paul wrote.

"By contrast, tuberculosis, an old disease not much discussed these days, killed nearly 1.6 million people in 2017. Where's the panic over this?" he also said, before adding that individuals should "ask themselves whether this coronavirus 'pandemic' could be a big hoax."

Although he went on to say that the disease isn't "harmless," Ron Paul also noted that governments have overhyped a "threat as an excuse to grab more of our freedoms" in the past.

Newsweek reached out to the Ron Paul Institute for comment.

Last August, Rand Paul tweeted that he underwent surgery to remove part of his lung after it was damaged in an assault that took place two years prior. The surgery may elevate Paul, 57, to the status of a high-risk coronavirus individual.

Earlier this month, Paul, a licensed physician, voted against a bipartisan $8 billion emergency coronavirus funding bill. He was the sole senator to vote against.

As of Sunday, there were over 311,000 confirmed coronavirus cases globally, with over 13,000 deaths and at least 93,000 recoveries.

The U.S. became the country with the fourth-most number of cases this weekend following China, Spain and Italy after domestic confirmed cases exceeded 26,000, with at least 340 deaths and 176 recoveries.

Updated 7:48 PM ET, with the headline amended.

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Rand Paul Tests Positive for Coronavirus Days After His Father Dismissed Panic Over the Disease as a Hoax - Newsweek

Paddle 8 Bankruptcy a Harbinger in the Time of COVID19 and the Coming Art World Crisis – JD Supra

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Paddle 8 Bankruptcy a Harbinger in the Time of COVID19 and the Coming Art World Crisis - JD Supra

Understanding the New "Fast-Pass" Small Business Bankruptcy Process – JD Supra

Updated: May 25, 2018:

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Understanding the New "Fast-Pass" Small Business Bankruptcy Process - JD Supra

PG&E Reaches Deal With California Governor to Emerge From Bankruptcy – Greentech Media News

Pacific Gas & Electricreached a dealwith California Gov. Gavin Newsom that could allow it to emerge from bankruptcy by a critical June 30 deadline, in exchange for concessions including a revamped board, forgoing shareholder dividends for three years, and measures that could lead to a state takeover if the utility fails to meet key safety and accountability milestones.

The agreement, reached late Friday, is a vital step for PG&E to win approval from state regulators toaccess a$21 billionstate wildfire insurance fund, meant to protect it and other California utilities from future wildfire-driven bankruptcies.A federal bankruptcy judge must still approve the plan.

Newsom hadchallenged PG&Es plansto rely heavily on debt financing to emerge from bankruptcy, even as the utility has concludedsettlements over the past four months topay out $25.5 billion to wildfire victims, insurers and county and local governments damaged by the fires caused by its equipment.

But with the coronavirus pandemic leading Newsom to order an unprecedented stay-at-home order for California residents and close nonessential businesses, and the pandemics global economic impacts driving down share prices of companies including PG&E, Newsom agreed early last week to lift objections totheutilitys$23 billion planto emerge from bankruptcy, which includes $11 billion in debt commitments and $9 billion in new equity, along with $3 billion to be raised by issuing new shares.

Fridays agreement includes several of Newsoms other key demands, such asrequiringPG&E to replace half of its board of directors with California residents and select the new members through an independent executive recruiting firm with Newsoms oversight.

PG&E will also undergo aregional restructuring that will prioritize safety and accountability to its customers. And in a move expected to save roughly $4 billion, the utility will forgo paying dividends to shareholders for three years.

Finally, the deal lays the groundwork for PG&E to be forced to sell the company to the state if it cannot win approval of its plan by the bankruptcy court and the California Public Utilities Commission by June 30, or if it fails to put its financing into place by the end of September.

Last month, along with a record $2.14 billionfine against PG&E,the CPUC issued aproposed decisionthat would impose an oversight process on PG&E, with steps that could allow theCPUC to punish PG&E for wildfire mitigation or safety failures by demanding immediate remedial action, increasing CPUC oversight of PG&Es activitiesor placingit under state receivership. As a final step, the CPUC could revoke PG&E'scertification to operate as a utility in the state.

In a statement, Newsom described the deal as the end of business as usual for PG&E. Through Californias unprecedented intervention in the bankruptcy, we secured a totally transformed board and leadership structure for the company, real accountability tools to ensure safety and reliability and billions more in contributions from shareholders to ensure safety upgrades are achieved.

PG&E filed for bankruptcy in January 2019 under the weight of tens of billions of dollars in liabilities from the deadly wildfires sparked by its equipment in 2017 and 2018, including the November 2018 Camp Fire, the states deadliest to date. In a Monday filingwith the U.S. Securities and Exchange Commission, PG&E revealed it has agreed with the Butte County District Attorney's officeto plead guilty to 84 countsof involuntary manslaughter for its role in that fire.

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PG&E Reaches Deal With California Governor to Emerge From Bankruptcy - Greentech Media News

LendingTree Study Analyzes the Real Costs of Bankruptcy – Yahoo Finance

Study finds that even though bankruptcy filers pay more for loans, they aren't completely shut out of the market; more than 70% of filers are mortgage-eligible after 5 years

CHARLOTTE, N.C., March 24, 2020 /PRNewswire/ --LendingTree, the nation's leading online loan marketplace, released its study on the costs bankruptcy experienced by individuals who have filed for bankruptcy and the effect on an individual's credit. The report found that consumers who recently filed for bankruptcy aren't completely shut out of the market, though interest rates affect their cost for new credit. In fact, more than half of those who filed for bankruptcy one year before visiting LendingTree had credit scores of 640 and higher.

LendingTree logo (PRNewsfoto/LendingTree)

Key findings

There are plenty of reasons why a person might file for bankruptcy, like insurmountable medical bills or extended unemployment. Consumers might fear using bankruptcy as a tool because they worry that they won't be able to secure a mortgage or another type of loan in the future. But bankruptcy doesn't resign borrowers to low credit scores forever.

LendingTree customer data shows that more than half (56%) of all loan applicants who declared bankruptcy had a score of 640 or above just one year after filing. As the chart below shows, the percentage of consumers in all credit bands over 640 increases over time.

Credit score

Percentage of borrowers after 1 year

Percentage of borrowers after 5 years

640+

55.90%

71.00%

680+

17.20%

41.10%

700+

4.60%

17.10%

740+

1.50%

1.50%

Borrowers who recently filed for bankruptcy pay $25,000+ more for a mortgage

Bankruptcy filers could pay tens of thousands of dollars more over the lifetime of a mortgage loan compared with borrowers without a bankruptcy on their credit report. Two years post-bankruptcy, LendingTree customers paid over $25,000 more in interest than those with no bankruptcies on a $250,000 30-year mortgage. Five years post-bankruptcy, that number is cut in half to about $10,000 more in interest.

Bankruptcy filers will pay thousands more over the life of an auto loan

Less than one year out from filing for bankruptcy, new auto loan applicants pay nearly $3,000 more on a five-year $25,000 auto loan due to higher APRs. After five years, that number drops to about $2,000.

The data suggests that although APRs eventually go down for auto loan borrowers as time passes after their bankruptcy, they'll still pay a premium for loans in the form of higher interest rates for years to come.

Auto loan borrowers included in the study needed scores of 600 and above. LendingTree borrowers with scores from 600-639 did qualify for auto loans, but they paid a premium (typically 10%+ APR).

Offered APRs steady decrease as time passes after bankruptcy

Mortgage Credit Score Range

Less than 1 Yr

After 1 Yr

After 2 Yrs

After 3 Yrs

After 4 Yrs

After 5 Yrs

Never/ Not inthe Last 7 Yrs

640 - 679

N/A

N/A

4.59%

4.41%

4.41%

4.36%

4.41%

680 - 719

N/A

N/A

4.37%

4.25%

4.20%

4.17%

4.15%

720 - 759

N/A

N/A

4.21%

4.04%

3.99%

4.01%

4.01%

760 or higher

N/A

N/A

3.90%

3.94%

3.96%

3.90%

3.97%

Auto Credit Score Range

Less than 1 Yr

After 1 Yr

After 2 Yrs

After 3 Yrs

After 4 Yrs

After 5 Yrs

Never/ Not in the Last 7 Yrs

600 - 639

15.26%

12.68%

12.13%

11.95%

11.54%

13.72%

11.75%

640 - 679

10.76%

9.90%

9.32%

8.59%

10.09%

9.03%

8.65%

680 - 719

7.64%

7.53%

7.22%

7.24%

6.89%

7.69%

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LendingTree Study Analyzes the Real Costs of Bankruptcy - Yahoo Finance

Market Update News: Bankruptcy isn’t the end of the homeownership drea – Mortgage Professional America

With growing fears of recession and job losses related to the COVID-19 coronavirus crisis, many Americans may find themselves in a devastating financial position.

But for those unlucky enough to face bankruptcy, a homeownership dream may not be over.

According to a new study from LendingTree, more than 70% of those that file for bankruptcy are mortgage-eligible again within 5 years.

With more than half of those who filed for bankruptcy one year before visiting LendingTree having credit scores of 640 and higher, 17% had a score of 680 or higher; 5% had scores of 700 or higher; and 1.5% had a score of at least 740.

Higher costsHowever, these borrowers will typically face higher APRs for mortgages than other borrower, with the exception of those with scores above 760 who were typically offered rates lower than those without bankruptcy on their credit file.

Mortgage borrowers two years out from bankruptcy can expect to pay almost $26,000 more over the life of their mortgage than people without a bankruptcy on their records.

Even after five years, they can expect to pay more than $9,600.

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Market Update News: Bankruptcy isn't the end of the homeownership drea - Mortgage Professional America

Pier 1 Imports lays off 65% of its staff at Fort Worth headquarters – The Dallas Morning News

Pier 1 Imports said it has temporarily laid off 65% of its headquarters employees in Fort Worth and some distribution center employees until further notice. The company didnt say how many employees that represented, but the figure is in the hundreds. Last year, the company still had more than 800 employees in Fort Worth.

The Fort Worth-based home furnishings retailer has been operating in Chapter 11 bankruptcy since Feb. 17, and CEO and chief financial officer Robert Riesbeck said Tuesday that the severe staff cuts are an attempt to preserve funds.

For the employees who remain, wages are being reduced by 20%. For executive vice presidents and above, pay cuts are 50%. Senior vice presidents salaries are being cut 30%.

All of its 1,000 stores are closed. Half of those stores were in the process of closing permanently before the coronavirus pandemic forced the closing of the rest of its stores Sunday. The retailer said its still processing orders online. Its board members also are taking a 50% pay cut.

A hearing is scheduled for Thursday in the U.S. Bankruptcy Court in Richmond, Va., to consider alternatives, according to a court motion.

In light of these circumstances, the company, its lenders and the unsecured creditors are working constructively to discern the best path forward for these chapter 11 cases, the filing said. These parties remain in discussion regarding how to best maximize the value of the company at this point and how to proceed with the currently scheduled auction and the other case milestones.

Pier 1 had said previously that it had interested bidders. The bid deadline was Monday, and the court had set March 31 as the auction date with a sale and confirmation hearing on April 23.

Now that coronavirus has temporarily shut down much of the retail industry, analysts have included Pier 1 on lists of retail companies that are likely casualties.

Like many retailers that have temporarily closed stores in response to COVID-19, we are making difficult decisions that are necessary to preserve value in our business for the long-term benefit of our associates, customers and other stakeholders, Riesbeck said in a statement. We are incredibly grateful to our associates for their commitment to our customers and our company, and we will continue to take appropriate actions to position Pier 1 for the future.

Twitter: @MariaHalkias

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Pier 1 Imports lays off 65% of its staff at Fort Worth headquarters - The Dallas Morning News

PG&E Reaches Agreement With Governor, Clearing Bankruptcy Hurdle – The New York Times

Pacific Gas & Electric reached an agreement Friday with Gov. Gavin Newsom of California in which it pledged billions of dollars to help wildfire victims, improve safety and make other changes, resolving the biggest obstacles to the companys plan to come out of bankruptcy.

As part of the deal, PG&E, which filed for bankruptcy protection last year after amassing tens of billions of dollars in debt related to wildfires caused by its equipment, will not pay dividends to shareholders for three years. The agreement should allow the utility to exit bankruptcy by June 30, a state-mandated deadline for it to take part in a fund that will help utilities pay claims from future wildfires.

A federal judge still needs to approve the companys bankruptcy plan, but the agreement with Mr. Newsom makes the approval much more likely.

The agreement comes as Mr. Newsom continues to manage the escalating coronavirus outbreak that led him on Thursday to order Californians to stay at home. Though the crisis has consumed much of the governors time, his office said the timing of the agreement was dictated by the need to meet the June 30 deadline, ahead of the next wildfire season.

This is the end of business as usual for PG&E, Mr. Newsom said in a statement. Through Californias unprecedented intervention in the bankruptcy, we secured a totally transformed board and leadership structure for the company, real accountability tools to ensure safety and reliability and billions more in contributions from shareholders to ensure safety upgrades are achieved.

Mr. Newsoms office said PG&E must receive approval of its plan by state regulators and the bankruptcy judge by June 30 and have its financing in place by Sept. 30. Failure to do so will set off the sale of the company.

In addition, the agreement requires half of the companys new board to include California residents. An independent executive recruiting firm would select the new directors with Mr. Newsoms approval.

Even with the added provisions secured by the governor, half of the companys $13.5 billion payment to wildfire victims will be in the form of PG&E stock under a previously reached agreement. Some victims have grown increasingly wary of that deal because PG&Es stock, like the S&P 500 index, has tumbled in recent weeks. PG&E shares closed at $7.22 on Friday, down from nearly $18 in mid-February.

Mr. Newsoms office said it would not intervene in the agreement victims reached with the utility.

Suspending PG&Es dividend for three years will save about $4 billion, according to calculations by the governors office, strengthening PG&Es balance sheet.

But in other areas, Mr. Newsom gained more modest concessions. Under the agreement, PG&E Corporation, the holding company that owns the utility, will still issue new debt, something that could put it at financial risk. The interest on that debt would have to be paid with profits from the Pacific Gas & Electric Company, the entity that provides customers with gas and power. PG&E and its shareholders had originally wanted the holding company to issue $7 billion in debt, but the agreement with the governor calls for $4.75 billion.

PG&E is also going ahead with a financing arrangement that involves using a tax windfall from its wildfire-related losses to back its new debt.

In a letter in December, Mr. Newsom criticized PG&Es intention to issue debt at the holding company and use its tax breaks, saying such steps would leave the company with limited tools to finance itself when it needs to access capital to make billions of dollars of safety investments.

PG&E is still set to emerge from bankruptcy with far more debt than it had before it sought bankruptcy protection.

Our plan will position the company to make necessary safety and wildfire mitigation investments in the coming years, partner with the state in achieving its bold climate goals, and, importantly, provide protection to California if the Chapter 11 process is not concluded in a timely manner, Bill Johnson, chief executive of PG&E Corporation, said in a statement.

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PG&E Reaches Agreement With Governor, Clearing Bankruptcy Hurdle - The New York Times

Bankruptcy, Coronavirus (COVID-19), and How Retailers Can Brace for the Impact – JD Supra

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Bankruptcy, Coronavirus (COVID-19), and How Retailers Can Brace for the Impact - JD Supra