John Bringardner

In the final paragraphs of “Debt: The First 5,000 Years,” the anarchist and anthropologist David Graeber drops his academic detachment to offer a solution to the financial impasse whose historical background he has just laid out in hundreds of pages. “It seems to me that we are long overdue for some kind of Biblical-style Jubilee: one that would affect both international debt and consumer debt,” he writes.

A first-day hearing in the Chapter 11 of Dean Foods is scheduled to begin today at 2:30pm CT/3:30pm ET in Houston, Texas. The Dallas, Texas-based dairy company filed for bankruptcy facing about USD 1.6bn in funded debt obligations. Existing lenders are providing Dean with an USD 850m debtor-in-possession financing facility as it explores a potential sale to its long-time partner, Dairy Farmers of America. Today’s bloggers are Maria Chutchian & John Bringardner.

Forever 21 Inc. filed for Chapter 11 protection late Sunday night, in an effort to shrink its global footprint. A hearing on the company’s “first-day” motions is scheduled to begin at 2pm ET on Tuesday, October 1. Today’s bloggers are Pat Holohan and John Bringardner [This blog is publicly available, but many of its links point to pages that are available only to Debtwire subscribers. To request a free trial or learn more about a subscription, contact sales.us@debtwire.com.]