US toy retail giant Toys R Us files for bankruptcy in US, Canada

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.

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Romney announces presidential candidacy

Tuesday, February 13, 2007

Former Massachusetts Governor Mitt Romney formally announced his presidential candidacy yesterday outside of Detroit.

“I don’t believe Washington can be transformed from within by lifetime politicians, there’ve been too many deals, too many favors, too many entanglements — and too little real world experience managing, guiding, leading,” said Romney, who was a successful businessman before entering politics. Romney focused on his leadership experience outside of government.

Romney made the announcement at the Henry Ford Museum, something which the National Jewish Democratic Council heavily criticized saying that they were, “deeply troubled by Governor Romney’s choice . . . to kick (off) his presidential campaign on the former estate of a well-known and outspoken anti-Semite and xenophobe.” A spokesman for Romney said, “Governor Romney believes our country needs to put innovation at the forefront if we are to ensure a stronger, safer and more prosperous America, the Ford Museum embodies that bold, innovative spirit.”

Romney’s record as a moderate and his Latter-day Saint faith are expected to be his primary campaign challenges.

Romney, born in Detroit, the son of former Michigan Governor, Republican Presidential candidate, and automotive pioneer George Romney, attended Cranbrook School of Michigan and Harvard Business and Law Schools. Romney ran against senior Massachusetts senator and Kennedy family member, Ted Kennedy. Romney won 41% percent of the vote against Kennedy in the closest election in Kennedy’s entire tenure in the United States Senate. Romney was also CEO of the Salt Lake Organizing Committee which was in charge of planning the 2002 Winter Olympics from 1999 to 2002, he took charge after the 2002 Winter Olympic bid scandal. He also sat on the board of Massachusetts-based office supply giant, Staples, Inc.

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Don’t Let Your Vehicle Insurance Premium Lapse

Submitted by: Dakota Lindal

There are so many things we have to pay for each month, and this can get very stressful. Unfortunately you will find that the more money you earn the more bills you will have to pay. When unexpected expenses crop up, it can be difficult to stay on top of all payments. It is unfortunate, but there are times when you may find that you have to let a certain bill payment lapse. In this article we will discuss this lapse, and why it is so important that you do not allow your vehicle insurance to be one of the payments that lapse.

Your vehicle insurance premium is an extremely important bill that you have to pay. Naturally you have those people who say that they think that they will never have an accident and are paying that money every month for nothing. This is a bad mindset to have, because there is always the possibility that you could be in a collision for as long as you are on the road in a motor vehicle. Unfortunately, your chances of being in a collision are a lot higher than you think! Now you need to consider that if you allow your vehicle insurance premium to lapse, you will not be insured for that month until all fees are up to date. This is very dangerous, as your chances of being in a collision in that specific month are just as high as in any other month. What will you do if you are in a collision in this uncovered month? Then it will really be as if you have been paying your insurance premium for nothing for all the previous months!

[youtube]http://www.youtube.com/watch?v=HssOvolu1jQ[/youtube]

Think of the financial repercussions of letting your policy lapse. If you allow your vehicle insurance premium to be the one bill to lapse, then you will have to make up for that payment for the following month. Depending on how much your vehicle insurance premium is, this can be a lot extra to have to pay the following month. You will also hold the reputation with your insurance company for being a bad payer, which could mean that you might not be offered discounts in the future. You basically never want to hold the reputation of being a bad payer, because this could mean that you will be looked negatively upon in the future.

Should you find that you are having a hard time meeting your payments every month; you need to consider finding a new insurance policy. Look for an insurance policy that you can actually afford to pay every month. For example, if you have a comprehensive policy that you are finding too expensive, you must consider taking out a simple third party policy, which is the cheapest vehicle insurance policy that you can acquire. Also ensure to shop around and compile as many quotes as you can, as this will also help you find a more affordable policy.

About the Author: For more information onvehicle insurance, go to

youinsure.co.za

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Woman returns home with Christmas turkey, a month after setting out

Tuesday, January 19, 2010

A Scottish woman who set out before Christmas to purchase a turkey finally made it home on Monday, after being cut off by snow for a month. Kay Ure left the Lighthouse Keeper’s cottage on Cape Wrath, at the very northwest tip of Great Britain, in December. She was heading to Inverness on a shopping trip.

However on her return journey heavy snow and ice prevented her husband, John, from travelling the last 11 miles to pick her up. She was forced to wait a month in a friend’s caravan, before the weather improved and the couple could finally be reunited.

They were separated not just for Christmas and New Year, but also for Mr Ure’s 58th birthday. With no fresh supplies, he was reduced to celebrating with a tin of baked beans. He also ran out of coal, and had to feed the couple’s six springer spaniels on emergency army rations.

“It’s the first time we’ve been separated”, said Mr Ure in December. “We’ve been snowed in here for three weeks before, so we are well used to it and it’s quite nice to get a bit of peace and quiet.”

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Retired U.S. vets sue Donald Rumsfeld for excessive service cutbacks

Tuesday, May 31, 2005

One thousand residents of the Defense Department-managed Armed Forces Retirement Home in Washington, D.C. filed a class-action lawsuit on May 24, asserting that the cut-backs in medical and dental services imposed by Secretary of Defense Donald Rumsfeld are illegal. The operating budget for the home was reduced from $63 million in 2004 to $58 million for 2005. The residents cite cuts in on-site X-ray, electrocardiogram, physical and dental services, and the closing of the home’s main clinic and an on-site pharmacy.

Chief Financial Officer Steve McManus responded that the changes not only save money but also achieved improved efficiencies. “We’re really trying to improve the benefits to our residents,” he said.

Most of the home’s costs are paid for by a trust fund and monthly fees paid by residents. By law, the Armed Forces Retirement Homes are required to fund, “on-site primary care, medical care and a continuum of long-term care services.”

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Blue Security anti-spam community target of large-scale spam attack

Tuesday, May 2, 2006

Beginning Monday morning, many BlueFrog and Blue Security users began receiving an email warning them that if they did not remove their email addresses from the Blue Security registry, they would begin to receive huge amounts of unsolicited email. As quickly as four hours after the initial warning message, some users began to receive an unprecedented amount of spam. Most of the messages were simply useless text. Users reported that Blue Security’s website was unavailable or extremely slow in responding.

Blue Security is an online community dedicated to fighting spam. As they became more popular, their member list increased substantially. The members’ email address is encrypted and added to a list of e-mail addresses that wish to stop receiving spam. Blue Security maintains the encrypted list, which uses an encrypted hash function. Spammers are encouraged to remove all addressed from their email list that are also in Blue Security’s Do Not Intrude Registry by using free compliance tools available at Blue Security’s web site.

According to Blue Security’s web site, “A major spammer had started spamming our members with discouraging messages in an attempt to demoralize our community. This spammer is using mailing lists he already owns that may contain addresses of some community members.” Reportedly, Blue Security has received complaints from users about spam allegedly sent from Blue Security promoting their anti-spam solution and web site.

Blue Security states they are “an anti-spam company determined to fight spam and as such never has and never will send unsolicited email.” There are also reports of non-users of BlueSecurity/BlueFrog receiving the warning emails, which now seems is also being sent to email addresses of people who have never added their email address to Blue Security’s Do Not Intrude Registry.

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Tips For How To Get Your Ex Back Without Losing Your Sanity

By Dan Weber

Anyone who has ever suffered a breakup before knows how difficult this time can be. However, there are things you can do to help make the situation more bearable, and there are things you can do to make the situation worse. Your choice in this matter determines weather things are going to be easier or are things going to be harder for you. And – if you want to know how to get your ex back, than there are quite a few things you can do to help get your ex back and retain your sanity. I will discuss some of there right here in this article.

Step one – Understand that no matter how badly you may want to be together, at this point in time, you are not. This means there is no reason to call your ex 50 times a day just to see what they are doing, yet actually hoping to earn respect. You must give the other person a little bit of space. This means put away the ideas of acting like a stalker. Stop calling just to hear their voice on the answering machine and stop following them around. If you are engaging in any of this type of behavior, you are doing nothing more than pushing your ex away. This is generally not the goal that most people have in mind.

[youtube]http://www.youtube.com/watch?v=eohiWM7eJf4[/youtube]

Step two – while giving your ex some space is a good idea, it is still a good idea to let them know you care about them. This means once you feel the time is appropriate, a simple phone call just to say hello or even a quick e-mail just to check on them is acceptable. However, keep it light, and try not to seem overly pushy. This is the time you want to prove to your ex that you are willing to change and make things better. At the same time, your ex needs their space. But in spite of that, you do not want to ignore them completely. Your goal here is striking a balance between showing you care and acting like a stalker.

Step three – Ignore your friends advice while you may enjoy your friend’s company. You may like talking to your friend about your relationship, but you alone are responsible for making the decisions that affect your relationships. This means, in many cases, ignoring what your best friend Sally says about how to get your ex back. Instead, follow what your heart tells you. This may also mean you need to ignore what your family says. For example, your family says the best thing to do would be to send your ex flowers. Now, you know that that would upset them more and make the situation worse. This would be a good time to simply tell them thank you for the advice and choosing a different way of trying to reconnect with your ex.

As you can imagine, much of what determines if you will get back together depends upon your behavior as well as your ex’s wishes. Regardless of how hard you try, if your ex really does not want to get back together, than there’s very little you can do. Nonetheless, with the right behavior and the right attitude, you have a huge impact upon how positive the experience can be, and this will eventually greatly effect your chances. It is important not to dwell on the negatives, and instead work on emphasizing the positives of your relationship. By following some of these simple tips, you should find the experience of trying to get your ex back to be much simpler.

About the Author: Dan Weber is a dating and relationship expert. You can find his experiences posted at the getting your ex back blog. Just follow along as he posts his thoughts about the subject, and learn how to apply them to your life.

Source: isnare.com

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  • 9 September 2022: Top Thrill Dragster roller coaster in Ohio, US permanently closed following serious accident
  • 6 September 2022: Texas identifies first death involving monkeypox
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  • 17 May 2022: Bans off Our Bodies protests occur across United States after leaked Supreme Court draft
  • 17 May 2022: UK defers junk food deals, advertisement restrictions
  • 22 April 2022: Indian capital New Delhi reports surge in COVID-19 cases
  • 24 March 2022: India grants Novavax Covid-19 vaccine emergency use authorisation for teens
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Bat for Lashes plays the Bowery Ballroom: an Interview with Natasha Khan

Friday, September 28, 2007

Bat for Lashes is the doppelgänger band ego of one of the leading millennial lights in British music, Natasha Khan. Caroline Weeks, Abi Fry and Lizzy Carey comprise the aurora borealis that backs this haunting, shimmering zither and glockenspiel peacock, and the only complaint coming from the audience at the Bowery Ballroom last Tuesday was that they could not camp out all night underneath these celestial bodies.

We live in the age of the lazy tendency to categorize the work of one artist against another, and Khan has had endless exultations as the next Björk and Kate Bush; Sixousie Sioux, Stevie Nicks, Sinead O’Connor, the list goes on until it is almost meaningless as comparison does little justice to the sound and vision of the band. “I think Bat For Lashes are beyond a trend or fashion band,” said Jefferson Hack, publisher of Dazed & Confused magazine. “[Khan] has an ancient power…she is in part shamanic.” She describes her aesthetic as “powerful women with a cosmic edge” as seen in Jane Birkin, Nico and Cleopatra. And these women are being heard. “I love the harpsichord and the sexual ghost voices and bowed saws,” said Radiohead‘s Thom Yorke of the track Horse and I. “This song seems to come from the world of Grimm’s fairytales.”

Bat’s debut album, Fur And Gold, was nominated for the 2007 Mercury Prize, and they were seen as the dark horse favorite until it was announced Klaxons had won. Even Ladbrokes, the largest gambling company in the United Kingdom, had put their money on Bat for Lashes. “It was a surprise that Klaxons won,” said Khan, “but I think everyone up for the award is brilliant and would have deserved to win.”

Natasha recently spoke with David Shankbone about art, transvestism and drug use in the music business.


DS: Do you have any favorite books?

NK: [Laughs] I’m not the best about finishing books. What I usually do is I will get into a book for a period of time, and then I will dip into it and get the inspiration and transformation in my mind that I need, and then put it away and come back to it. But I have a select rotation of cool books, like Women Who Run With the Wolves by Clarissa Pinkola Estés and Little Birds by Anaïs Nin. Recently, Catching the Big Fish by David Lynch.

DS: Lynch just came out with a movie last year called Inland Empire. I interviewed John Vanderslice last night at the Bowery Ballroom and he raved about it!

NK: I haven’t seen it yet!

DS: Do you notice a difference between playing in front of British and American audiences?

NK: The U.S. audiences are much more full of expression and noises and jubilation. They are like, “Welcome to New York, Baby!” “You’re Awesome!” and stuff like that. Whereas in England they tend to be a lot more reserved. Well, the English are, but it is such a diverse culture you will get the Spanish and Italian gay guys at the front who are going crazy. I definitely think in America they are much more open and there is more excitement, which is really cool.

DS: How many instruments do you play and, please, include the glockenspiel in that number.

NK: [Laughs] I think the number is limitless, hopefully. I try my hand at anything I can contribute; I only just picked up the bass, really—

DS: –I have a great photo of you playing the bass.

NK: I don’t think I’m very good…

DS: You look cool with it!

NK: [Laughs] Fine. The glockenspiel…piano, mainly, and also the harp. Guitar, I like playing percussion and drumming. I usually speak with all my drummers so that I write my songs with them in mind, and we’ll have bass sounds, choir sounds, and then you can multi-task with all these orchestral sounds. Through the magic medium of technology I can play all kinds of sounds, double bass and stuff.

DS: Do you design your own clothes?

NK: All four of us girls love vintage shopping and charity shops. We don’t have a stylist who tells us what to wear, it’s all very much our own natural styles coming through. And for me, personally, I like to wear jewelery. On the night of the New York show that top I was wearing was made especially for me as a gift by these New York designers called Pepper + Pistol. And there’s also my boyfriend, who is an amazing musician—

DS: —that’s Will Lemon from Moon and Moon, right? There is such good buzz about them here in New York.

NK: Yes! They have an album coming out in February and it will fucking blow your mind! I think you would love it, it’s an incredible masterpiece. It’s really exciting, I’m hoping we can do a crazy double unfolding caravan show, the Bat for Lashes album and the new Moon and Moon album: that would be really theatrical and amazing! Will prints a lot of my T-shirts because he does amazing tapestries and silkscreen printing on clothes. When we play there’s a velvety kind of tapestry on the keyboard table that he made. So I wear a lot of his things, thrift store stuff, old bits of jewelry and antique pieces.

DS: You are often compared to Björk and Kate Bush; do those constant comparisons tend to bother you as an artist who is trying to define herself on her own terms?

NK: No, I mean, I guess that in the past it bothered me, but now I just feel really confident and sure that as time goes on my musical style and my writing is taking a pace of its own, and I think in time the music will speak for itself and people will see that I’m obviously doing something different. Those women are fantastic, strong, risk-taking artists—

DS: —as are you—

NK: —thank you, and that’s a great tradition to be part of, and when I look at artists like Björk and Kate Bush, I think of them as being like older sisters that have come before; they are kind of like an amazing support network that comes with me.

DS: I’d imagine it’s preferable to be considered the next Björk or Kate Bush instead of the next Britney.

NK: [Laughs] Totally! Exactly! I mean, could you imagine—oh, no I’m not going to try to offend anyone now! [Laughs] Let’s leave it there.

DS: Does music feed your artwork, or does you artwork feed your music more? Or is the relationship completely symbiotic?

NK: I think it’s pretty back-and-forth. I think when I have blocks in either of those area, I tend to emphasize the other. If I’m finding it really difficult to write something I know that I need to go investigate it in a more visual way, and I’ll start to gather images and take photographs and make notes and make collages and start looking to photographers and filmmakers to give me a more grounded sense of the place that I’m writing about, whether it’s in my imagination or in the characters. Whenever I’m writing music it’s a very visual place in my mind. It has a location full of characters and colors and landscapes, so those two things really compliment each other, and they help the other one to blossom and support the other. They are like brother and sister.

DS: When you are composing music, do you see notes and words as colors and images in your mind, and then you put those down on paper?

NK: Yes. When I’m writing songs, especially lately because I think the next album has a fairly strong concept behind it and I’m writing the songs, really imagining them, so I’m very immersed into the concept of the album and the story that is there through the album. It’s the same as when I’m playing live, I will imagine I see a forest of pine trees and sky all around me and the audience, and it really helps me. Or I’ll just imagine midnight blue and emerald green, those kind of Eighties colors, and they help me.

DS: Is it always pine trees that you see?

NK: Yes, pine trees and sky, I guess.

DS: What things in nature inspire you?

NK: I feel drained thematically if I’m in the city too long. I think that when I’m in nature—for example, I went to Big Sur last year on a road trip and just looking up and seeing dark shadows of trees and starry skies really gets me and makes me feel happy. I would sit right by the sea, and any time I have been a bit stuck I will go for a long walk along the ocean and it’s just really good to see vast horizons, I think, and epic, huge, all-encompassing visions of nature really humble you and give you a good sense of perspective and the fact that you are just a small particle of energy that is vibrating along with everything else. That really helps.

DS: Are there man-made things that inspire you?

NK: Things that are more cultural, like open air cinemas, old Peruvian flats and the Chelsea Hotel. Funny old drag queen karaoke bars…

DS: I photographed some of the famous drag queens here in New York. They are just such great creatures to photograph; they will do just about anything for the camera. I photographed a famous drag queen named Miss Understood who is the emcee at a drag queen restaurant here named Lucky Cheng’s. We were out in front of Lucky Cheng’s taking photographs and a bus was coming down First Avenue, and I said, “Go out and stop that bus!” and she did! It’s an amazing shot.

NK: Oh. My. God.

DS: If you go on her Wikipedia article it’s there.

NK: That’s so cool. I’m really getting into that whole psychedelic sixties and seventies Paris Is Burning and Jack Smith and the Destruction of Atlantis. Things like The Cockettes. There seems to be a bit of a revolution coming through that kind of psychedelic drag queen theater.

DS: There are just so few areas left where there is natural edge and art that is not contrived. It’s taking a contrived thing like changing your gender, but in the backdrop of how that is still so socially unacceptable.

NK: Yeah, the theatrics and creativity that go into that really get me. I’m thinking about The Fisher King…do you know that drag queen in The Fisher King? There’s this really bad and amazing drag queen guy in it who is so vulnerable and sensitive. He sings these amazing songs but he has this really terrible drug problem, I think, or maybe it’s a drink problem. It’s so bordering on the line between fabulous and those people you see who are so in love with the idea of beauty and elevation and the glitz and the glamor of love and beauty, but then there’s this really dark, tragic side. It’s presented together in this confusing and bewildering way, and it always just gets to me. I find it really intriguing.

DS: How are you received in the Pakistani community?

NK: [Laughs] I have absolutely no idea! You should probably ask another question, because I have no idea. I don’t have contact with that side of my family anymore.

DS: When you see artists like Pete Doherty or Amy Winehouse out on these suicidal binges of drug use, what do you think as a musician? What do you get from what you see them go through in their personal lives and with their music?

NK: It’s difficult. The drugs thing was never important to me, it was the music and expression and the way he delivered his music, and I think there’s a strange kind of romantic delusion in the media, and the music media especially, where they are obsessed with people who have terrible drug problems. I think that’s always been the way, though, since Billie Holiday. The thing that I’m questioning now is that it seems now the celebrity angle means that the lifestyle takes over from the actual music. In the past people who had musical genius, unfortunately their personal lives came into play, but maybe that added a level of romance, which I think is pretty uncool, but, whatever. I think that as long as the lifestyle doesn’t precede the talent and the music, that’s okay, but it always feels uncomfortable for me when people’s music goes really far and if you took away the hysteria and propaganda of it, would the music still stand up? That’s my question. Just for me, I’m just glad I don’t do heavy drugs and I don’t have that kind of problem, thank God. I feel that’s a responsibility you have, to present that there’s a power in integrity and strength and in the lifestyle that comes from self-love and assuredness and positivity. I think there’s a real big place for that, but it doesn’t really get as much of that “Rock n’ Roll” play or whatever.

DS: Is it difficult to come to the United States to play considering all the wars we start?

NK: As an English person I feel equally as responsible for that kind of shit. I think it is a collective consciousness that allows violence and those kinds of things to continue, and I think that our governments should be ashamed of themselves. But at the same time, it’s a responsibility of all of our countries, no matter where you are in the world to promote a peaceful lifestyle and not to consciously allow these conflicts to continue. At the same time, I find it difficult to judge because I think that the world is full of shades of light and dark, from spectrums of pure light and pure darkness, and that’s the way human nature and nature itself has always been. It’s difficult, but it’s just a process, and it’s the big creature that’s the world; humankind is a big creature that is learning all the time. And we have to go through these processes of learning to see what is right.
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