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Major Steakhouse Chain's Largest Franchisee Files For Bankruptcy As Debt Explodes
Major Steakhouse Chain's Largest Franchisee Files For Bankruptcy As Debt Explodes
The casual dining industry has suffered another major blow following the bankruptcy filing of Outback Steakhouse's largest U.S. franchisee after years of soaring costs, declining customer traffic, and mounting debt.San Diego-based Out West Restaurant Group, also known as Cerca Trova Restaurant Group, filed for Chapter 11 bankruptcy protection Monday in Delaware, putting 61 restaurants across five Western states into bankruptcy proceedings.The company's debt has exploded from $269 million in 2020 to approximately $449 million in 2026, according to the...
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Jun 20, 2026 / Tyler Durden
Banning Hospitals' 'Certain Contracts' Could Save Americans $45 Billion, Report Finds
Banning Hospitals' 'Certain Contracts' Could Save Americans $45 Billion, Report Finds
Authored by Travis Gillmore via The Epoch Times,
A ban on certain contracts between hospital systems and health insurers could save Americans around $45 billion, according to a report from White House analysts released on June 18.
Lenox Health Greenwich Village Hospital in Manhattan, New York City, on Nov. 2, 2020. Chung I Ho/The Epoch Times
"The Council of Economic Advisers' findings reinforce that the Trump administration is delivering meaningful cost reductions for American patients," White House spokeswoman Allison Schuster told The...
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Aug 15, 2026 / Tyler Durden
More Than Half Of Gen Z Investors Have Moved Money Into Sports Bets
More Than Half Of Gen Z Investors Have Moved Money Into Sports Bets
A growing share of young Americans is folding sports gambling into their long-term financial plans, according to new research from the investment platform Betterment.
In an online survey of 1,000 U.S. retail investors conducted in late March and early April and released this week, 52% of Gen Z investors said they had shifted money originally set aside for stocks or other investments into sports wagers over the past year. Only about one-third of Gen Z participants reported no...
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Apr 1, 2026 / Tyler Durden
Trump Says 'Iran Asked For Ceasefire', Threatens Blasting Them "Back To The Stone Ages" If Strait Unopened
Trump Says 'Iran Asked For Ceasefire', Threatens Blasting Them "Back To The Stone Ages" If Strait Unopened
Summary
UAE mulls becoming first Gulf country to directly joint US-Israeli war against Iran, lobbies for firm UNSC security resolution.
Trump to Reuters: will be "out of Iran pretty quickly" and could return for "spot hits" if needed. Also says he's open to exiting 'paper tiger' NATO after Iran war is over, angry over lack of help in Hormuz crisis.
Oil tanker leased to QatarEnergy was struck by an Iranian cruise missile in Qatari waters Wednesday.
IRGC has...
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