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Sears is seeking court approval to pay executives as much as million in quarterly bonuses while the company struggles to restructure in bankruptcy.Three top executives could get nearly million each if the company goes out of business. If Sears remains in business, they could get nearly 0,000 each for hitting the top performance targets.Sears filed two different types of bonus plans in bankruptcy court?Thursday. The first is for the top 18 "key" executives, who would collectively get as much as .1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about 5 million a month.A second retention bonus plan was designed to encourage 322 other unnamed executives to stay put during Sears' reorganization. They would collectively get .9 million a quarter, which works out to an average of about ,000 per quarter per executive. No executive could receive more the 0,000 in bonuses for staying with the company during the bankruptcy process.A judge's approval is needed before the bonuses could be paid. A hearing on the plans is set for December 20.The company wants to retain as many executives as it can, but Sears is laying off employees who staffed?hundreds of stores it is closing. Many hourly workers claim they will not be paid severance.Shelia Brewer, who worked for 17 years as a full-time hourly employee at a Kmart in Rockford Illinois, said the company told her she'd get eight weeks of severance. Instead, she received a letter saying that severance payments were being halted because of the bankruptcy, and she would get only the four weeks of pay she had already received."It hit me hard. I was already struggling as it was," she said. She said the bonus plan makes her angry."They say we can't get our severance because there's no money, but they're getting bonuses? It's like a slap in the face," she said.A Sears spokesman declined to comment on the bonus plan or its current severance policy.Eddie Lampert, the company's primary shareholder and chairman, apparently will not receive a bonus, according to the filing.The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses. They are Chief Financial Officer Robert Riecker, Chief Digital Officer Leena Munjal and Gregory Ladley, president of the company's clothing and footwear business.Each could receive as much as 0,000 a quarter in bonus payments for hitting the maximum cash flow targets. They could receive four times that much if Sears goes out of business, in something the company called an "acceleration event."Retention bonuses for top executives are not unusual when companies go bankrupt. But bankruptcy law limits how much severance companies can pay.Toys "R" Us won approval for up to million in bonuses for 17 top executives a year ago during its failed attempt to stay in business, despite objections from employees groups and others."It's outrageous that the bankruptcy court is considering bonuses for Sears' high paid executives while laid off employees get their severance pay cut off," said Carrie Gleason, campaign manager for Rise Up Retail, a retail employee advocacy group. "This is exactly what happened at Toys 'R' Us. A handful of executives who couldn't save the company got millions in bonuses while tens of thousands of dedicated employees were denied their promised severance pay." 3581
With flash flooding season brings warnings to dog owners: Make sure pets aren't tied up in the case of a flood.But a bill in the Texas Legislature wants to do more than just warn — the bill proposes banning chains altogether and setting specific rules for leaving pets restrained and unattended.HB 940, entitled the " 329

President Donald Trump's top economic adviser Gary Cohn is resigning, the White House announced on Tuesday.Cohn, who had once been rumored as a potential next chief of staff, will leave the White House in the wake of his fierce disagreement with the President's decision to impose tariffs on steel and aluminum imports."Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again. He is a rare talent, and I thank him for his dedicated service to the American people," Trump said in a statement.The New York Times first reported the news. 677
(AP) -- The American Medical Association on Tuesday called for an immediate ban on all electronic cigarettes and vaping devices.The group adopted the sweeping stance at a policy-making meeting in San Diego. It aims to lobby for state and federal laws, regulations or legal action to achieve a ban, but the industry is sure to fight back.The AMA cited a surge in underage teen use of e-cigarettes, which typically heat a solution that contains nicotine.“It’s simple, we must keep nicotine products out of the hands of young people.” Dr. Patrice Harris, AMA’s president, said in a statement.RELATED: DEA says marijuana vaping has health risksThe doctors’ group said a separate health issue also prompted its action — the recent U.S. outbreak of lung illnesses linked to vaping. Most of those sickened said they vaped THC, the high-inducing ingredient in marijuana, not nicotine. Officials believe a thickening agent used in black market THC vaping products may be a culprit.The outbreak has “shined a light on the fact that we have very little evidence about the short- and long-term health consequences of e-cigarettes and vaping products,” Harris said. About 2,100 people have gotten sick; 42 have died.The AMA has previously sought bans on e-cigarette flavors and ads.Some observers say the AMA’s position is flawed and has little chance of achieving a sweeping ban.“I would be 100% with the AMA if they were seeking a ban on all tobacco products that are smoked, including e-cigarettes,” said Jonathan Foulds, a tobacco addiction specialist at Penn State University. “But right now, nicotine electronic cigarettes are competing with and replacing the most harmful legal product in this country.”RELATED: 11 San Diego illnesses linked to vaping, officials sayGregory Conley, president of the American Vaping Association, a pro-vaping advocacy group, said the Centers for Disease Control and Prevention has made clear that its focus “is not store-bought nicotine vaping products, but illicit contaminated THC oil cartridges sold by drug dealers.”“It would be a mistake for adult smokers and their families to listen to these misguided prohibitionists, as the evidence continues to indicate that adult smokers who switch to nicotine vaping products greatly improve their health," Conley said.The AMA policy calls for a ban of vaping products not approved to help people quit. But so far, none have been reviewed or approved for that use by the U.S. Food and Drug Administration.Stephanie Caccomo, an FDA press officer, said the agency is “committed to doing everything we can to prevent kids from using tobacco products and will continue to develop a policy approach that aligns with that concern.”Juul Labs, the nation’s biggest e-cigarette maker, didn’t immediately respond to a request for comment.RELATED: Los Angeles County reports 1st vaping-related death as CDC issues e-cigarette warningE-cigarettes first appeared in the U.S. more than a decade ago and have grown in popularity despite little research on their long-term effects. The FDA has been widely criticized for repeatedly pushing back its own deadline to begin reviewing thousands of vaping products on the market, at one point until 2022. The deadline is now next May.___AP writer Matthew Perrone in Washington contributed to this report.___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. 3505
SAN DIEGO (KGTV) -- A potential partnership between the San Diego Unified School District and UC San Diego could help prevent the spread of the coronavirus within the school district.On Tuesday, officials with SD Unified and UC San Diego will discuss a collaborative effort that will provide COVID-19 testing -- with rapid results -- for district students and staff members every two weeks.Under the proposed testing program, all students and staff would be tested even if no symptoms are shown. The plan is to get their more than 100,000 students and 15,000 staff members tested twice a month.School Board Vice President Richard Barrera said, “We can’t wait for the federal and state government to provide so we can reopen our schools. We have to take the initiative ourselves ... being able to test on our campuses both students and staff is the best way to get large numbers of people being tested. UC San Diego would bring health professionals onto our campuses to do the testing.”San Diego Unified School District schools are currently in Phase One of the district's reopening plan. Under Phase One, which began Oct. 13, teachers have returned to campuses to provide appointment-based, in-person instruction for elementary school students identified as having “the greatest needs.”Phase Two of the district’s reopening plan would begin for elementary school students on Jan. 4, 2021. Middle and high Schools will start Jan. 25, at the beginning of the third academic quarter.SD Unified Superintendent Cindy Marten, district School Board President Dr. John Lee Evans, and UC San Diego Chancellor Pradeep K. Khosla are among the leaders expected to speak on the proposed partnership on Tuesday on the UC San Diego campus.The school board will vote on the million testing plan at its regular meeting Tuesday afternoon.The district wants to use the million from its budget, which includes funding from the CARES ACT to put up the initial costs to start up this program. But what happens next?"To sustain it -- it will require significant investments and that will need to come from the next stimulus package," said Barrera. 2140
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