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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

Following Emergency Use Authorization by the FDA and a formal recommendation from the Centers for Disease Control and Prevention (CDC) over the weekend, the first Americans began receiving Pfizer's COVID-19 vaccine on Monday.As the sun rose on the east coast, medical professionals began distributing vaccines to patients who had lined up for an initial dose.In New York, Gov. Andrew Cuomo was there to witness the first injection in his state. According to Scripps station WPIX in New York City, the first person to receive the vaccine in the state was Sandra Lindsay, a nurse who works at Long Island Jewish Medical Center.Kentucky Gov. Andy Beshear was also on hand to see the first injections in his commonwealth.At 2:30 p.m. ET in Washington, D.C., Health and Human Services Director Alex Azar and Surgeon General Jerome Adams will be on hand to witness as health care workers at George Washington University Hospital will be among the first to receive the vaccine.The first injections of the vaccine came the same day that the U.S. is expected to surpass 300,000 COVID-19 deaths. As of Monday morning, Johns Hopkins reports that the U.S. had total 299,000 deaths; the country has seen more than 2,000 deaths a day in recent weeks.On Friday night, the FDA made the much-anticipated move to approve Pfizer's COVID-19 vaccine candidate for Emergency Use. The move allows the U.S. to begin inoculating Americans against COVID-19, which is currently spreading and killing at rates not yet seen during the pandemic.The FDA prompted Pfizer to begin shipping the first doses of the vaccine nationwide. On Sunday, the CDC issued a recommendation for the vaccine, giving health care professionals to start distributing shots to those that want them.Pfizer's vaccine requires two doses, which need to be taken 21 days apart. Everyone who receives an initial dose on Monday will need to return next month to complete the process.Pfizer's development of a COVID-19 vaccine — which studies have shown to be 95% effective in preventing the virus — in under a year is nothing short of a medical miracle. The previous speed record for vaccine development occurred in the 1960s when researchers developed a vaccine for the mumps in just four years.However, plenty of obstacles remain for the U.S. amid the pandemic. Anywhere from about 30% to 50% of Americans have expressed skepticism in getting a COVID-19. Health care experts suspect that about 70% of Americans would need COVID-19 antibodies in order to reach herd immunity.A COVID-19 vaccine developed by Moderna is expected to be granted Emergency Use Authorization later this week, and health care professionals could begin distributing that vaccine as soon as next week.An earlier version of this story mistakenly stated that the two doses of Pfizer's vaccine needed to be taken 28 days apart. 2847

Former Obama administration official and San Antonio Mayor Julian Castro said he is "likely" to challenge President Donald Trump in 2020."I'm likely to do it. I have a strong vision for the country. I believe that our country's going in the wrong direction and that it needs new leadership. I'll make a final decision after November, but I'm inclined to do it," Castro said in an interview published by Rolling Stone on Tuesday.Castro, who was the secretary of housing and urban development during the Obama administration, has stoked speculation about his presidential ambitions in a series of public comments and with increasingly frequent travel to presidential primary states. He had been rumored to be a contender for the vice presidential spot on the 2016 Democratic ticket.Over the weekend, the Texas Democrat was in Iowa campaigning for J.D. Scholten, a candidate for Iowa's 4th Congressional District. It was Castro's second trip to the state since August"You know, I have to say, I felt at home coming in, walking in," Castro told a crowd at the event. In late July, Castro's twin brother, Democratic Rep. Joaquin Castro of Texas, told CBS that his brother has "definitely thought about it," referring to a presidential bid.Speaking to Rolling Stone, Julian Castro expressed some hesitation about a 2020 bid, citing his family, but he also began articulating the basis of a run.He was also asked about a potentially bruising Democratic primary fight amid signs that key contenders like Joe Biden and Elizabeth Warren are preparing to declare their own presidential ambitions."It's going to be cathartic for the party to go through a process where everybody gets to show what they've got. Where you have debates with over a dozen people and every wing of the party is represented," Castro said.He continued, "We need to go through that to get over 2016, and we're going to come out of the 2020 primary, I'm convinced, in a much stronger position. The nominee will be stronger for it and be better prepared to win in November of 2020. I'm hopeful, and I think realistically hopeful, about what this very contested, long, drawn-out process is going to mean. Most of the time a party wants to avoid that kind of process, but in this case, that's our salvation." 2285

For the most part, we've already been sheltering in our homes as we all try to get a grip on the pandemic. And this holiday season, which started Thursday with the first day of Hanukkah, families are looking for ways to make it special.Rabbi Robert Nosanchuk says his team is helping families celebrate Hanukkah safely at home through live stream services online.“Many participants will light candles together on Zoom. So, we'll literally light up the internet,” Nosanchuk said.And while you may not be able to give gifts in person this year, you can still offer the traditional monetary Hanukkah gift virtually.But this year, Nosanchuk is asking families to focus ways to build a more peaceful and just society.“Whatever faith you may be representing, I hope you'll know that your Jewish neighbors are holding their Hanukkah menorah by the window to publicize that miracles do happen,” Nosanchuk said. “I pray strongly that we'll all be healed. We'll feel well in the new year.”This story was originally published by Taneisha Cordell at WEWS. 1051

First lady Melania Trump will attend the funeral for Barbara Bush in Texas on Saturday."Mrs. Trump plans to pay her respects at the funeral on Saturday," her communications director Stephanie Grisham told CNN.Bush, the matriarch of a Republican political dynasty and a first lady who elevated the cause of literacy, died Tuesday. She was 92.The-CNN-Wire 361