IlluMyFi

A cocktail of Covid-19 and the cost-of-living crisis has left larger ‘chrome and carpet’ venues high and dry as struggling chains look to party bars

‘A taste of Ibiza in grotty King’s Cross’: memories of closed UK nightclubs

When the patrons of Watford’s Pryzm nightclub celebrated New Year’s Eve on 31 December 2023, they were marking the end of an era, or rather, the end of seven eras. Like every beloved local club, the venue had been known by multiple names over the years: Top Rank, Bailey’s, Paradise Lost, Kudos, Destiny and Oceana.

Now, it will be reincarnated no more, after failing to reach a deal with its landlord.

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28.12.24 12:40

by theguardian.com

Janet Yellen issues warning to Congress as US nears debt limit

Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit

Janet Yellen, the Treasury secretary, said her agency will need to start taking “extraordinary measures”, or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as 14 January, in a letter sent to congressional leaders Friday afternoon.

“Treasury expects to hit the statutory debt ceiling between January 14 and January 23,” Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation’s debt ceiling – which has been suspended until 1 January.

United States of America