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Hertz has been in business for over 100 years.In May, the car-rental company filed for reorganization under Chapter 11 in bankruptcy court in Delaware.On Monday, Hertz announced in a press release that revenues were down 70% as it reported its second-quarter financial results."In the second quarter, like so many companies whose revenues have sharply declined due to the pandemic's significant impact on global travel, we had to make difficult but necessary decisions to strengthen and position the company for growth for many years to come," said Paul Stone, President and Chief Executive Officer of Hertz Global in the news release. "The toughest decisions have been those that impact the livelihood of our dedicated workforce and our voluntarily reorganizing under Chapter 11 in North America. We are moving through our reorganization process and remain focused on emerging an even stronger global rental car leader better positioned to serve our customers around the world."The parent company, Hertz Global Holdings, recorded revenue of 2 million, but with a net loss of 7 million.And with air travel impacted by COVID-19, the company said airport car rentals were down 82%.In the news release, the company said they saw a strong rebound in its used-car market in May and June, and they were able to "sell cars aggressively as we right-size the fleet to align with market realities.""We continue to make disciplined adjustments to our cost structure based on revenue fluctuations and expect to generate about .5 billion in annualized savings," said Stone in the release. "Our priority is fleet management. The continued strong used-car market allows us to continue to sell cars aggressively as we right-size the fleet to align with market realities. Across the business, our team is laser-focused on capturing revenue, driving efficiency, and advancing critical technology. In the U.S., we continue to capitalize on rental opportunities off-airport, while ensuring customer service levels remain best-in-class. Internationally, our fleet is trending toward demand levels. And our Donlen leasing business remains stable. Finally, continuing to keep our teams and our customers safe in this unpredictable environment is of utmost importance to everyone at Hertz." 2282

Hillary Clinton told a receptive audience over the weekend in India that while she thought President Donald Trump played to some of Americans' worst fears, he does not reflect the country as a whole."No, we did not deserve that," Clinton said when asked if the US "deserves" Trump as its leader.Clinton called the 2016 presidential race the "first reality TV campaign," and said Trump, as a bombastic "reality TV candidate," was able to win over enough of the audience to win the election.And in comments seized on by the Republican National Committee, Clinton said she had won sections of the country with more economic output and attributed some of Trump's insurgent victory to a series of social and economic anxieties and discriminatory attitudes among his supporters."I won the places that represent two-thirds of America's gross domestic product," Clinton said. "So I won the places that are optimistic, diverse, dynamic, moving forward. And his whole campaign, 'Make America Great Again,' was looking backwards. You know, you didn't like black people getting rights, you don't like women, you know, getting jobs, you don't want to, you know, see that Indian-American succeeding more than you are, whatever your problem is, I'm going to solve it."Clinton said there is "the phenomenon of disappointment" about economic outcomes, particularly after the 2008 financial crisis, one of three main areas where she said she sees Americans' fears play out.Second, she pointed to "a reaction to advancing opportunities and rights for other groups," citing advancements for African-Americans, the LGBT community and women -- and said the third area was "the reaction against immigrants."As for Trump's conduct on the international stage, Clinton pointed to the President's "affinity for dictators," including Russian President Vladimir Putin.But when asked if the Russians have anything compromising on Trump, Clinton said, "We'll find out. Follow the money."She made clear later in the discussion that she did not know where the special counsel's investigation into Russian election meddling and possible coordination with Trump's team is likely to lead."Whether or not it affects him or just people around him, nobody knows," Clinton said. 2266

General Electric was blasted on Wednesday by workers, retirees and shareholders bemoaning the downfall of the company they love.At its annual meeting, GE got an earful from employees and investors who pleaded with management to right the ship after a disastrous year."I believe it was arrogance and a series of bad business decisions," former employee Bill Freeda said. "Our board of directors clearly has been AWOL."Another shareholder said: "GE, which was once one of the preeminent companies in the world — the bluest of blue chips — is now an embarrassment."The past 12 months has been one of the darkest periods in GE's 126-year history. A cash crisis, brought on by years of bad deal-making, forced GE to cut its dividend in half and lay off thousands of workers. GE's stock price has crashed by 50%, and calls to kick it out of the Dow have grown louder.Despite the deep criticism of past and current GE leaders, the company's nominees to the board were all elected on Wednesday. None of the shareholder proposals calling for reform were adopted, though one pushing for splitting the CEO and chairman roles received strong support.John Flannery, a veteran GE executive who replaced longtime chairman and CEO Jeff Immelt last year, said he remains "extremely proud" of the company despite its "immensely disappointing" results."We're keenly aware of the pain that our performance has caused," he said.Flannery urged investors and employees to keep the faith and said results from the start of 2018 offer hope."I want all of you to be proud of the company and not lose heart," he said. "I assure you we will not let up until this job is complete."Former GE workers slammed the company for eliminating their supplemental health insurance plans."We built the company. We put it where it is today," said Ron Flowers, president of the Retiree Association of General Electric."Don't just think financially," Flowers urged the board. "Think morally also."Other retirees lamented GE's billion pension deficit, the largest among S&P 500 companies. They questioned whether the pension fund, whittled by years of low rates and inattention, will be around to support them.Flannery said the pension fund is running a "significant deficit," but he said maintaining its integrity is "a deep priority for us." He noted GE recently announced plans to contribute billion to the fund.Freeda, a GE retiree, slammed Immelt for having a back-up jet fly around the world with him on some trips. (GE has said it stopped that practice in 2014. Immelt told the board last year in a letter that he "did not have time to personally direct" the day-to-day operations of GE's corporate air team. He said use of the spare plane was halted once he became aware of it.)"Shareowners should wonder: Were there other serious business abuses?" Freeda said. He called for an independent investigation into questionable business practices under Immelt and urged GE to consider clawing back the former CEO's bonuses.Flannery said that the GE board would take "appropriate steps" if "evidence of serious misconduct" were to emerge. A spokesperson for Immelt declined to comment.GE shareholders voiced stronger support for a proposal aimed at boosting oversight by splitting the CEO and chairman roles. About 41% of shares were cast in favor of the bid, up from 24% last year.In light of accounting concerns at GE, shareholder support for KPMG as the company's auditor dropped sharply. Just 65% of shares were cast in favor of ratifying KPMG, down from 94% last year. KPMG has been inspecting GE's books for 109 years, leading critics to argue they've become too cozy.Martin Harangozo said he was fired by GE with no severance after raising questions about "bad" accounting."GE transitioned from an honest company to a dishonest company," Harangozo said.Underscoring the challenges facing GE, Moody's lowered its credit outlook on the conglomerate to negative on Wednesday because of the expected costs of a Justice Department investigation into its subprime-mortgages business.Moody's warned it could downgrade GE's credit rating if the company fails to improve cash flow significantly or if revenue keeps shrinking at the beleaguered power division. GE shares dropped nearly 5% on Wednesday, leaving them down 53% over the past year.One retiree pleaded with Flannery to turn around the company — fast."My whole life has been GE," he said. "Give it all you've got. We're with you." 4465

Giving your time is the most generous gift that anyone can give.  It’s also essential to many of San Diego County’s causes, and great for developing community. Giving your time is the most generous gift that anyone can give. But where do you begin to find the right opportunity for you? The easiest way is to connect with what matters to you. There is always some way to give back that’s meaningful to you. ?    Animals 462

From 2000 through 2018, 459 children have died from accidental furniture tip overs, which are preventable fatalities that can be stopped by anchoring furniture to a wall.In response, the US Consumer Product Safety Commission is launching a public service announcement campaign called "Even When You're Watching.” The campaign will show the dangers of leaving furniture unanchored. The campaign includes “terrifying” footage of tip overs caught on video.In addition to the number of fatalities, the CPSC estimates that every 43 minutes, a child is injured by furniture tipping over."Even when adults are in the same room with children, dangerous tip-overs can occur," said CPSC acting chairman Robert Adler. "Many parents and caregivers do not know about this hidden hazard, or believe that they can prevent a tip-over by watching their children, but these incidents still happen. We urge adults to Anchor It! and to tell their friends and family to do so, too, because these tragic tip-overs can happen in the blink of an eye."According to a CPSC survey, 80 percent are aware that furniture can tip over, but just 47 percent say they have their TV anchors, and 55 percent say they have anchored furniture in their home.The CSPC offers parents the following tips:To protect children from a tip-over incident, follow these safety tips in any home where children live or visit:Anchor TVs and furniture, such as bookcases and dressers, securely to the wall.Always place TVs on a sturdy, low base, and push the TV back as far as possible, particularly if anchoring is not possible.Avoid displaying or storing items, such as toys and remotes, in places where kids might be tempted to climb up to reach for them.Store heavier items on lower shelves, or in lower drawers.If purchasing a new TV, consider recycling older ones not currently in use. If moving the older TV to another room, be sure it is anchored to the wall properly.Keep TV and/or cable cords out of reach of children.Supervise children in rooms where these safety tips have not been undertaken.To view the public service announcement, click here. 2112