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For years, Toys "R" Us was an American success story.Now the discount toy retailer is in its final chapter. The company filed for bankruptcy in September. On Wednesday, Toys "R" Us told employees that it would close or sell all its stores in the United States.It's an ignominious end for the company that was once the toy industry's powerhouse. In the second half of the 20th century, just after the Baby Boom, Toys "R" Us grew into a dominant retail chain thanks to its low prices and a knack for keeping the nation's hottest toys in stock."Toys 'R' Us, Big Kid on the Block, Won't Stop Growing," a Wall Street Journal headline blared in 1988.It all started in 1948, when Charles Lazarus, age 25, opened a baby furniture store called Children's Bargain Town in Washington, D.C. He knew Americans returning from World War II were starting families and needed somewhere to stock up on nursery decor.But before long, Lazarus discovered that the real money was not in cribs, but in toys.Toys break, or go out of fashion — which means parents need to go to the store more often, Toys "R" Us explains in its online company history.In 1957, Lazarus opened his first store stocked only with toys. It was modeled after a supermarket, with items stocked high on shelves and a wide assortment of choices. He named it Toys "R" Us — with a backwards "R" in the logo that was supposed to look it it was drawn by a kid.The mainstays of the iconic Toys "R" Us marketing campaigns emerged over the next two decade. Dr. G. Raffe, which had been used to advertise Children's Bargain Town, became "Geoffrey."In a Washington Post ad from 1970, an eager Geoffrey touted "super giraffic selections" inside "super giraffic stores!" Geoffrey made his first TV appearance in 1973. The "I don't want to grow up" jingle made its debut in the early 1980s.In the meantime, Toys "R" Us was booming.The company went public in 1978 after the bankruptcy of onetime parent Interstate Stores. It quickly became a Wall Street favorite. In 1980, the Los Angeles Times called Toys 'R' Us "one of the New York Stock Exchange's hottest stocks.""What we are is a supermarket for toys," Lazarus told the Washington Post in 1981. "We don't have a competitor in variety. There is none."The Washington Post story favorably compared Toys "R" Us to another American giant: McDonald's."Like McDonald's, with its regimented service and standardized burgers and fries, Toys 'R' Us has become an American institution," the article said.Toys 'R' Us was also known in the corporate world for its sophisticated use of computers."One thing that sets the Toys 'R' Us operation apart is that Mr. Lazarus knows precisely what his customers are buying," a 1985 Wall Street Journal article said. "Each product is tracked by computer, and that helps the chain spot hot-selling items weeks before most competitors do."Lazarus also kept his stores stocked with a variety of baby products, like diapers and formula, so shoppers would have a reason to shop year-round.Things started to go awry in the 1990s. In 1994, Lazarus stepped down as CEO. But the biggest change came when Walmart started offering lower prices on diapers, according to toy industry analyst Jim Silver.While Toys "R" Us remained a destination during the holidays, it lost regular shoppers during the rest of the year."That changed everything," Silver said.In 2001, Toys "R" Us opened a flagship store in Times Square, complete with a 60-foot Ferris wheel and a life-size Barbie dollhouse, in order to juice enthusiasm. But the costs were "astronomical," Silver said.On shaky ground, Toys "R" Us was taken private by a group of private equity firms in 2005. Bain Capital, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust bought the company for .6 billion.Saddled with debt, the store was not able to pour enough money into necessary, innovative changes. By the time Amazon ruled the online shopping ecosystem, Toys "R" Us was lightyears behind — despite an early partnership with Amazon in 2000. The agreement to jointly sell toys online ultimately went sour and ended after a court fight."Walmart had a better online experience. Target had a better online experience," Silver said. "They lost online and they didn't adapt."In 2015, Toys "R" Us closed its Times Square mega-store. It was the beginning of the end.A dismal 2017 holiday season was the death knell. Toys "R" Us will run out of cash in the United States in May 2018, according to a recent bankruptcy filing."Everything is up for sale," Toys "R" Us CEO David Brandon told employees on a conference call earlier this week. 4609
Former New York Democratic Rep. Anthony Weiner is set to be released from prison about three months earlier than initially scheduled, according to the Federal Bureau of Prisons website.In May 2017, Weiner pleaded guilty to one charge of transferring obscene material to a minor in federal court in Manhattan. The charges stem from communications that the former congressman had with a 15f-year-old girl on social media sites between January and March 2016."This crime was my rock bottom," Weiner said in court. "I have no excuse. ... I victimized a young person who deserved better."Weiner was a prominent Democratic congressman before he resigned in 2011 following the release of sexually-charged, and sometimes explicit, text messages he exchanged with women other than his wife. During his run for New York City mayor in 2013, more sexually-explicit exchanges with other women were released before he was soundly defeated in that race.Weiner's estranged wife, Huma Abedin, was a top aide to Democratic presidential nominee Hillary Clinton. The federal investigation into Weiner ended up playing a critical role in the 2016 election when emails potentially relevant to the FBI's investigation into Clinton's email server?surfaced on Weiner's laptop. Former FBI Director James Comey announced the discovery of the emails less than two weeks before election day, only to conclude two days before the balloting that the emails changed nothing in the investigation. Democrats blame that announcement in part for Clinton's loss.Weiner was sentenced to 21 months in federal prison, and reported to prison November 6, 2017. He is currently located at FMC Devens in Massachusetts.His prison term of 21 months would have ended in August 2019, and this new release date is now set for May 14, 2019, according to the website."This projected release date includes credit for good conduct time earned and good conduct time that may be earned throughout the remainder of his sentence," read a statement from the Bureau of Prisons to CNN. 2048

For decades, the Del Mar Races have been more than just horses. It's the food, drinks and fashion that San Diegan's spend all year anxiously awaiting."It brings the festivities. Instead of everyone just coming for a race day, it makes the women have a reason to put something pretty on like hats or go all out with a dress," said Deena Von Yokes. For the past 8 years, Deena was a judge for the race's annual hat contest.But as COVID-19 kept fans away this year, she and organizers didn't let the contest take a back seat."Home turf club is what we’re calling it. You can create your own with your 'friend bubble' or 'business bubble' or 'work bubble'. People can still celebrate and have fun."And by celebrate, she wanted everyone to dress up from head to toe."Take a picture of your head to your toes because its about the hat but it’s also the complete look," Deena described.To enter the virtual contest this year, participants had to upload their entire look on social media using the #DelMarHatsContest and tagging the Del Mar Races official account."People who have never done it before can do something crazy so I’m kind of curious to see what happens and to see what people come up with."Everyone proved COVID-19 couldn't stop San Diego."We’re showing how resilient we are all in the spirit of fashion, and in this case, in horse racing because that’s a tradition here and we’re going to keep that alive."Winner will be announced July 11th. The grand prize is two tickets to 2021's Breeder's Cup. 1513
Fifty- three years ago, Richard and Mildred Loving changed the nation by saying, "I do."The couple got married on June 2, 1958, in Washington D.C but when they returned to Caroline County, Virginia, they were arrested because their marriage wasn't legal.Richard was White and Mildred was Black and their marriage violated the Racial Integrity Act of 1924.Richard and Mildred were charged with unlawful cohabitation and given two options: either continue to serve jail time or leave Virginia for 25 years.The couple faced ostracism and threats, but they took their case to the U.S. Supreme Court to challenge the state's ban against interracial marriage.On June 12, 1967, that case – Loving v. Virginia – produced a landmark decision by the U.S. Supreme Court to strike down laws in 16 states prohibiting interracial marriage.Every year supporters celebrate Loving Day – a day to reflect on and celebrate multicultural unions.Their story was depicted in the 2016 movie “Loving” as well as the 2011 documentary “The Loving Story.”This story was first published by WTVR's Sarah Danial. 1090
For the second year in a row, US seniors will see increases in their Social Security checks starting in January.Recipients will get a 2.8 percent boost in 2019, higher than last year's 2 percent increase — which followed years of minimal changes in payments.The average payment for all retired workers will go up from ,422 to ,461 per month, or .The annual cost of living adjustment is pegged to inflation, which has been rising faster over the past year. The upcoming 2019 increase, which will cover 67 million Americans, is the largest since a 3.6 percent hike in 2012.The announcement from the Social Security Administration comes after the release of the Consumer Price Index for September, which shows a 2.3 percent increase in the cost of all items over the past year. The year-over-year increase in August was 2.7 percent.Lately, the largest component of rising costs has been housing, with low inventory and a re-emergence of first-time home buyers driving up prices. The CPI's measure of gas prices is also up 9.1 percent since last September.Senior advocacy groups hailed the increase but said it still wasn't enough to cover the living costs of older Americans.The Senior Citizens League, a group mostly comprised of retired military veterans, voiced a particular concern in a report released Thursday: that the 5 million Social Security recipients with the smallest monthly payments would effectively see no increase in 2019 after taking into account rising premiums for Medicare Part B, which are automatically deducted from Social Security Checks."We need to strengthen and expand Social Security with COLAs that reflect the real expenses seniors face," said Richard Fiesta, executive director of the Alliance for Retired Americans, which is supported by major labor unions.The group supports pegging cost-of-living increases instead to a measure of inflation specifically tailored to people older than age 62, which factors in higher healthcare costs. A bill has been introduced in the House to make that change and hasn't moved further. 2082
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