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What happened before Kodak's moment

Kodak, once an iconic American brand  valued at $30 billion , has been in dire straits for more than a decade. It filed for bankruptcy in 2012 and emerged in 2013. But Kodak, which built its business selling film, never successfully transitioned to digital.  After bankruptcy, Kodak's old stock was worthless, but the newly issued shares peaked at over $36 in early 2014. But since then, it has rapidly declined, with the price mired well below $3 since March. In recent years Kodak has been  selling its patents, buildings, and other assets  for cash. In 2018, the company attempted a pivot to cryptocurrency.  Then, late Tuesday afternoon, everything changed. President Trump  announced  that he was "using the Defense Production Act to provide a $765 million loan to support the launch of Kodak Pharmaceuticals." Kodak would now "produce generic active pharmaceutical ingredients," reducing the country's reliance on China. Trump described it as "one of the most ...
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U.S. Will Cut 12,000 Forces in Germany

Whether you are for or against the U.S. keeping troops in Germany, you should be concerned about the reason the President is reducing troop presence in that country. The Pentagon has started to execute President Donald Trump’s order to withdraw one-third of the U.S. troops in Germany—reducing their numbers from 36,000 to 24,000. Three things about this move are already clear. First, far from being “a major strategic and positive shift,” as Secretary of Defense Mark Esper characterized it at a news conference Wednesday, it is purely an outburst of Trump’s angst and revenge, aimed at German Chancellor Angela Merkel, for various slights against him. Second, the strategic shift it bodes would not be at all positive for the NATO alliance—and, contrary to Trump’s intentions, it would cost the United States more money. Finally, in part for those reasons, defense officials are slow-rolling the pullout, to the point where only a small fraction of the troops will have left Germany by this fall’s...
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