Core Insights - The video rental industry has experienced significant decline due to technological advancements, particularly the rise of video streaming services [1][2] - Major companies like Blockbuster and Hollywood Video filed for bankruptcy as a result of financial distress caused by the shift from physical rentals to streaming [3][4] - The refrigeration appliance industry is also facing challenges, exemplified by Norcold's bankruptcy filing and liquidation plan [5][6] Video Rental Industry - The video rental sector thrived in the 1980s with the popularity of VHS tapes, leading to the establishment of Blockbuster Video in 1985 and Hollywood Video in 1988 [1] - By the mid-2000s, DVDs began to replace VHS, and streaming services started to gain traction, leading to financial difficulties for video retail stores by 2010 [2] - Hollywood Video's parent company, Movie Gallery, filed for Chapter 11 bankruptcy in February 2010 and later converted to Chapter 7 liquidation [3][8] - Blockbuster Video filed for Chapter 11 bankruptcy in September 2010, carrying approximately $1 billion in debt, and ultimately closed all stores by August 2014 [3][8] - The final blow to the video rental industry came with Redbox Video's parent company converting to Chapter 7 liquidation in July 2024 [4][8] Refrigeration Appliance Industry - Norcold LLC, a manufacturer of recreational vehicle refrigerators, filed for Chapter 11 bankruptcy with a liquidation plan to sell its assets [5] - The bankruptcy petition was filed in the U.S. Bankruptcy Court for the District of Delaware, listing assets between $10 million to $50 million and liabilities between $100 million to $500 million [6] - Major unsecured creditors of Norcold include Dellware Electrical Appliance Co. (owed over $1.02 million), ZenCargo Freight (owed over $341,000), and Longoal Tech LLC (owed over $150,000) [6][9]

RT Radar 𝘸​ Archie🚨 (@RadarHits)🇨🇳🤖CHINA IS BUILDING THE FUTURE — NOW!I talk to Arnaud Bertrand about myths and misunderstandings of China in Western media, compare government models, and the rapid technological progress China is making.Is the West lagging behind?Connect with Arnaud: @RnaudBertrandTIME STAMPS- Introduction- Arnauds Business Ventures- Challenging Western Preconceptions of China- Media Misrepresentations and Social Credit Scores- Clarifying China’s Blacklist System- China’s Technological and ...

In an interview with Jordan B. Peterson, Michael Saylor pointed out that technological progress should naturally lead to lower prices, yet in reality, people rarely feel its effects. The key reason lies in monetary expansion. If productivity rises 20% a year, prices should drop 20%.But if the money supply grows 10%, prices only fall 10%.That missing 10%? It's quietly stolen through inflation. Gold, once seen as sound money, isn’t perfect. Fiat is worse—currencies like the Argentine peso and Russian ruble ha ...