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Sears has won some more time to save itself. But not a lot more time.At a bankruptcy court hearing Thursday, Judge Robert Drain approved Sears' plan to auction off about 500 stores. The auction is central to the company's mission to remain in business. Sears intends to use funds from the sale for its operations, and it will pay rent to the stores' buyers so they can stay open.A committee of Sears' creditors had objected to the plan and argued that the company should immediately start the process of going out of business to limit its ongoing losses.Judge Drain said he will hold another hearing a week before Christmas to consider whether to go ahead with Sears' effort to stay in business or start the process to close all its remaining stores. Drain said it wasn't realistic to start a liquidation process immediately."You can't do a GOB [going out of business] plan for a company this big by snapping your fingers," he said. "Let's come back to court [in December] and see what the lay of the land is."Sears' attorneys conceded was a chance the company might not be able to survive."We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock. "We're not blind to that fact."Schrock said the upcoming holiday shopping season is a crucial period for Sears, and the company believes it will at least be able to break even in the fourth quarter.The creditors' attorney expressed doubts that the company will be able to stay in business. But he said they could live with waiting until December for a decision on Sears' future.Sears also disclosed in a filing late Wednesday that it has arranged for an additional 0 million loan to fund operations during the bankruptcy process. That loan is a crucial component of the company's ability to stay in business, according to a filing the company made on the first day of the bankruptcy process, but it has taken a month to lock-up the funding.The loan is from Great American Capital Partners, rather than ESL, the hedge fund controlled by Sears Chairman Eddie Lampert. When Sears first filed for bankruptcy, it said that it anticipated the loan would come from ESL, but creditors have objected to a the series of insider deals between Sears and Lampert. 2303
See you in Washington, DC, on January 6th. Don’t miss it. Information to follow!— Donald J. Trump (@realDonaldTrump) December 27, 2020 148
School choice can mean a lot of things, and for some parents, it means homeschooling.Elizabeth Bell, who lives in Fairfax County, Virginia, made the decision to homeschool her five children—ages 12, 9, 6, 4 and 2."We have a syllabus,” explains Bell. “It's like, day by day, check it off."Bell says she made the decision to homeschool her children after giving public school a try."One complaint of Zacharies, when he was at school this year, was 'Mom, I can only eat two times a day?” Bell jokes. “That was really hard for him.”Other factors that went into Bell’s decision were cost, control, safety, and individualized care. The most important? Freedom."Homeschooling is so flexible that you don't have to do it during the hours of 9 and 3,” explains Bell. 770
SANTA ANA, Calif. (AP) — In the latest move to change place names in light of U.S. racial history, leaders of Orange County’s Democratic Party are pushing to drop film legend John Wayne’s name, statue and other likenesses from the county’s airport because of his racist and bigoted comments.The Los Angeles Times reports that earlier this week, officials passed an emergency resolution condemning Wayne’s “racist and bigoted statements” made in a 1971 interview and are calling on the Orange County Board of Supervisors to drop his name, statue and other likenesses from the international airport.In the Playboy magazine interview, Wayne makes bigoted statements against Black people, Native Americans and the LGBTQ community. 734
SANDUSKY, Ohio — Just as summer began, so did the immigration raids in northeast Ohio.The first one happened on June 5 at Corsos, a garden and flower center in Sandusky, Ohio where 114 people were arrested as their workday started.Two weeks later, U.S Immigration and Customs Enforcement raided another company called Fresh Mark. ICE raided all three of the company's locations, including the one in Canton, Ohio. More than 140 workers were arrested there, many of them accused of using false identification to get their jobs."We want to support our families and we want to protect and defend them so that they don't get split apart which you see is happening all over the place," said Veronica Dahlberg, executive director of HOLA Ohio, a small, grassroots Latino organization based in northeast Ohio.Dahlberg and the folks at HOLA Ohio stepped in to pay some of the bonds for those arrested in Sandusky."So far we've helped 21 of the farm workers, so we post the bonds for them at the Cleveland Heights deportation office," Dahlberg said.HOLA Ohio has raised ,000 to put towards bonding out the workers, and so far they used over ,000.Dahlberg said the family reunions have been bittersweet."When you see those reunions and you can deliver mom to the children or dad back to the household and the people are just so happy," she said. "There's a lot of tears, a lot of hugs, a lot of sadness. Even though mom or dad is home, it's just a long process to try to stay here with their families."Dahlberg said although controversial, she is proud of the work she's doing."People will say 'oh you're helping illegals, you are helping people who are breaking the law,'" Dahlberg said. "I say no, we are helping the children. We are helping us citizen children keep their parents here." 1823