bankrupt

The unitary council in south Essex became effectively bankrupt two years ago after it borrowed and invested hundreds of millions and racked up a £1.5bn debt.

Customers of the bankrupt Celsius reveal how the cryptocurrency firm’s collapse upended their lives.

Kat McNamara, an independent politician who opposed the bill, told the crowd: "The idea that in order to support a 10-year-old you have to criminalise them is irrational, ineffective and morally bankrupt."

Again and again in his career—when Tesla nearly went bankrupt after the financial crisis, when it was mired in “production hell” after scaling up production in the late 2010s, and when SpaceX nearly went bankrupt—Musk has managed to pull a rabbit out of his hat and thoroughly flummox his detractors.

“Whether or not they are self-serving or true believers in the new fascism is unimportant. They are of the movement . . . Whether they are driven by the idea that what they are fighting for is a free speech issue or whether they are truly morally bankrupt racists doesn’t matter. They are part of the public face of a fascist political movement that seeks to destroy the democratic idea.”