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Toys "R" Us is on its way out, but KB Toys is set to pop back up.Strategic Marks, a company that buys and revitalizes defunct brands, owns the KB name and plans to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season."My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go," said Strategic Marks president Ellia Kassoff, in a phone interview with CNNMoney. "That's a big, big void that we're hoping to fill up."Toys "R" Us, which filed for bankruptcy last year, announced last week that it expects to close all of its 735 stores in the US. Those closures will put 31,000 people out of work and hurt toy manufacturers that depended on the national retailer for distribution.Kassoff said he's been in contact with Hasbro Inc. and Mattel, Inc. and up to 200 smaller toy suppliers who are looking for new brick and mortar retailers. He said he plans to take advantage of a glut of toy manufacturers that have inventory but no place to sell it.To get a quick retail footprint, Kassoff said he's working with companies that specialize in holiday and pop-up retail, like Spencer Spirit Holdings Inc., Go! Retail Group, and Party City Holdco Inc."We're talking to companies that know how to do it, they have a methodology, they're used to rolling out stuff real quickly," he said.After the holiday shopping season ends, Kassoff will decide which of the pop-up stores will become permanent, based on their performance and whether he can negotiate a lease.Strategic Marks bought the KB Toys brand from Bain Capital in 2016. Bain is the same company that bought Toys "R" Us and took it private in 2006, a process that left the toy company?saddled with .3 billion in debt, from which it never recovered. 1843
To Professor @mos_daf and her family: I am deeply sorry for the hurtful incident that happened today @santaclarauniv.No work is more important than our efforts to realize a more inclusive, welcoming and safe campus where all are respected and valued. pic.twitter.com/KCA50RitP4— Kevin O'Brien, S.J. (@kevinobriensj) August 23, 2020 339
There has been no phone call between President-elect Joe Biden and President Donald Trump. There has been no concession from the commander-in-chief either. America is currently enduring one of the most turbulent transitions in recent memory. So what is not happening that should be during this non-traditional transition? NO SIGN-OFF ON TRANSITIONWhile Biden has held events with signs like "The Office of the President-elect" behind him, technically the office has not been activated by the General Services Administration. It may sound like an obscure government agency, but the office is responsible for unlocking funds and access for the president-elect. Without the GSA starting the transition, Biden can't telephone current members of the executive branch and receive confidential briefings from them. He doesn't have access to taxpayer funds to begin the background check process for some appointees. SIGNIFICANT IMPLICATIONS The implications go beyond the lack of a photograph between Biden and Trump in the White House. The last time the United States experienced a delayed transition was in 2000 because of the Florida Recount. The 9/11 Commission, following the September 11th attacks, put some blame on the transition because it prevented President George W. Bush from putting some national security advisers in key positions in a timely manner. Congressional Democrats have sent a letter asking GSA administrator Emily Murphy to brief Congress on why the transition has not begun. 1503
TIJUANA, Mexico (KGTV) - Hundreds of kids are waiting at shelters in Mexico, unable to get their asylum application processed, according to lawyers.They came with the migrant caravan in November. "Really quite brave of them to go through all of that," Lawyer Kara Lynum said. Lynum traveled to Tijuana with fellow lawyers from around the country in December.While in the shelter during their five day stay, she says they saw huge gaps in resources for the kids, prompting them to create a GoFundMe page."So the money is going directly to Al Otro Lado, so they're going to use it to fund those needs, they're going to hire a teacher. They're going to hire a trauma counselor for the kids, enhance security in the shelter and then hopefully hire a lawyer too," Lynum said one of the biggest issues is getting kids' applications processed."There's that list for asylum seekers, and the kids can't get on that list," saying change needs to happen, "for the children, in particular, they should be able to walk up to the Port of Entry and start the process of asylum."The roadblock, the law states anyone under 18 must have a guardian, to ensure the child is acting under their own free will."To know the background of this minor, I mean there's arguments that some of these kids are being trafficked. We don't know exactly where are there parents?" Immigration Specialist and Lawyer Lilia Velasquez said.Lynum said many of the kids she encountered have relatives in the U.S. Velasquez said the kids' parents have to sign over Power of Attorney, "the minor brings an ID with a photo, the relative brings also an ID, maybe birth certificates, then they can verify if those kids belong to that family."Back home in Minnesota Lynum thinks about the kids she met, wondering how they're faring, "I think about being 17 and a girl and you're by yourself and taking all of that on, is a big ask for these kids." 1907
TOKYO (AP) -- The decades-old dream of zipping around in the sky as simply as driving on highways may be becoming less illusory.Japan's SkyDrive Inc., among the myriads of "flying car" projects around the world, has carried out a successful though modest test flight with one person aboard.In a video shown to reporters on Friday, a contraption that looked like a slick motorcycle with propellers lifted several feet (1-2 meters) off the ground and hovered in a netted area for four minutes.Tomohiro Fukuzawa, who heads the effort, said he hopes to turn it into a real-life product by 2023, but acknowledged that making the vehicle safe was critical. 658