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View this post on Instagram What a Shake - - - - - #abc7eyewitness #earthquake #losangeles #kcal9news #instagram #videooftheday #omg A post shared by Chen ??? (@mrzcla) on Jul 5, 2019 at 8:35pm PDT 218

??HAPPY TEARS! 4 year old Andrew Dedrick came by Hubbard Radio studios to donate his piggy bank. His mom told me he’s been watching the news and he wanted to buy toys for kids in the Bahamas. @WPTV @FOX29WFLX pic.twitter.com/axBm5KGMBv— Janny Rodriguez (@JannyReports) September 4, 2019 298

 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

(CNN) -- Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world's largest oil production facility, people with knowledge of the kingdom's operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.A source told CNN Business that Aramco "hopes to have that capacity restored within days."The Saudi interior ministry confirmed the drone attacks caused fires at the two facilities. In a statement posted on Twitter, the ministry said the fires were under control and that authorities were investigating."Abqaiq is perhaps the most critical facility in the world for oil supply. Oil prices will jump on this attack," Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, said in a statement.The development comes as Saudi Aramco takes steps to go public in what could be the world's biggest IPO. Aramco attracted huge interest with its debut international bond sale in April. It commissioned an independent audit of the kingdom's oil reserves and has started publishing earnings. Over the past two weeks, the kingdom has replaced its energy minister and the chairman of Aramco.Saudi Arabia, the world's largest oil exporter, has cut back on production of crude and other energy products as part of an OPEC effort to boost prices. Saudi Arabia produces approximately 10% of the total global supply of 100 million barrels per day.The International Energy Agency said on Saturday it was monitoring the situation in Saudi Arabia. "We are in contact with Saudi authorities as well as major producer and consumer nations. For now, markets are well supplied with ample commercial stocks," it said on Twitter.If the disruption in Saudi Arabia is prolonged, "sanctioned Iran supplies are another source of potential additional oil," Bordoff said. "But [US President Donald]Trump has already shown he is willing to pursue a maximum pressure campaign even when oil prices spike. If anything, the risk of tit-for-tat regional escalation that pushes oil prices even higher has gone up significantly."Oil prices fell on Friday, with Brent crude, the global price benchmark slipping 0.3% to close at .22 per barrel. 2694

SAN DIEGO (KGTV) -- The pomp and circumstance will be virtual this year, but the money incoming Mayor Todd Gloria and the nine City Council members will take home is very real.Starting Thursday, the city will pay its mayor 6,000 a year -- more than double outgoing Mayor Kevin Faulconer’s roughly 1,000 salary.Meanwhile, City Council salaries will jump from ,000 a year to 4,000 overnight. That's a 65 percent raise; it increases to 5,000 on Dec. 10, 2022.The timing may seem odd, given the pandemic's impact on jobs and our economy, and the fact that major city general fund revenues are projected to be about million under budget this fiscal year. But it turns out San Diego voters authorized these pay increases back in 2018 via Measure L, which voters passed with 78 percent approval.In a statement, a spokeswoman for Gloria said he would accept the full salary."Nearly 80 percent of San Diego voters agreed that the adjustments to the salaries of San Diego elected officials was the right thing to do. The City’s budget will be balanced while we implement the will of the voters," said spokeswoman Jen Lebron.San Diego attorney Bob Ottilie, who authored the measure, said in the end it will improve how the city is run.“We're going to have a better quality of governance because of this,” said Ottilie.The measure eliminated the council’s ability to set salaries and instead tied the mayor, city council and city attorney salaries to those of Superior Court judges, amid other ethics reforms. Ottlie began pushing for the change after the council approved the infamous Chargers ticket guarantee in the 1990s.“Think of how many parks, rec centers, libraries, after-school hour programs for kids you can fund with that kind of money," he said. "So you get smart people on the council that are real business people that aren't going gaga over a sports franchise or something else, and you save the city a lot of money."But former City Councilman Carl DeMaio says voters were misled because Measure L’s ballot language was not overt about the large pay raises. He takes issue with its title: Charter amendments regarding ethics and compensation for elected officials.“If voters knew that they were voting to give a massive salary increase to mayor and council it would have probably got 10 percent vote,” he said.But Ottilie said all of the key information was in ballot materials sent to voters. He said he already noticed the higher quality of candidates for the 2020 election, noting several possess advanced degrees.The City Attorney’s salary will increase from 4,000 to 6,000 per year, starting Thursday. 2645