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WESTLAKE VILLAGE (CNS) - Westlake Village-based Guitar Center, the country's largest retailer of instruments and musical equipment, joined a growing list of companies impacted by the economic toll of the COVID-19 pandemic, filing for bankruptcy, according to a report Sunday.Guitar Center has about 300 stores across the U.S., and its sister brands include Music & Arts, which has more than 200 stores specializing in band and orchestral instruments for sale and rent, according to the Los Angeles Times.The filing in the Eastern District of Virginia gives the company a break on its debts by letting it stay in business as it seeks to carry out a restructuring plan, the Times reported.According to the report, a restructuring support agreement announced Nov. 13 requires new financing backed by existing creditors, in addition to 5 million in new equity investments from its parent company, Ares Management Corp., as well as the Carlyle Group and Brigade Capital Management.Moody's Investor Service explained that the coronavirus shutdown has hit nonessential retailers hard, and that Guitar Center was particularly vulnerable because musical instruments are highly discretionary item. The company's stores were shut down in mid-March when the pandemic began in earnest. Since then, the Times reported, it has reopened some locations while maintaining online operations.Guitar Center claims it has liabilities of between billion and billion, with a similar range for its assets, according to the filing.According to the report, Ares acquired the company in 2014 in an out-of-court restructuring of Guitar Center's substantial debt load, the result of a deal by Bain Capital LP in 2007 to take it private. 1728
We've all faced challenges communicating during the pandemic, whether it be a shaky Zoom call or asking someone to repeat what they said through their mask. But for people who are deaf or hard of hearing, communication has been even tougher. “First thing I did was start carrying a pad with paper and pen and I'd have to ask people to write things down. I can’t understand, when I walk into a store sometimes, what people are saying," said Michael Conley.Born deaf, Conley relies on reading lips to communicate and says others in the deaf community rely on facial expressions, both of which are often hidden behind a mask now in public. Conley says while many people are understanding, others get frustrated when he can't understand them. Conley decided not to go to his aunt's funeral due to the communication challenges he would face while at the airport, renting a car, and at the funeral itself. “As a deaf person, I think I’ve been isolated a lot anyway, and this just adds to it," said Conley.And after losing his job, Conley faced other communication challenges at home.“So many of us working from home, we’ve lost our jobs or something has happened where we have to make phone calls we didn’t have to before," he said.But the tech world is helping improve accessibility, with companies like Zoom and Google enabling live captioning for video calls, transcribing conversations within seconds.Conley’s also relied on an app that provides real-time captioning for phone calls. Called InnoCaption, calls are captioned by either a stenographer or automated speech recognition software.“It really changes everything," said Conley. "Before, I used to dread making phone calls. Now, it’s not a problem; it’s freed me completely.”Funded by the Federal Communications Commission, the app is available at no cost for the deaf and hard of hearing."It’s very intuitive," said Conley. "Everything is converted into text in real-time."Conley says in-person communication would be easier if people wore clear masks, but right now, that’s not happening much, making the innovations in his hand that much more of a lifeline. 2123

With Christmas right around the corner, many businesses around San Diego County are getting ready to open their doors to sell fresh Christmas trees. We've compiled a list of places you and your family can pick up a fresh Christmas tree in and around San Diego County. RELATED: Pumpkin patches around San Diego County 339
While experts are encouraged by early vaccine data, many still say there is a way to go before life returns to normalcy."Operation Warp Speed," is a Trump administration effort to develop and deliver a safe and effective COVID-19 in the coming months. The administration's goal is to make initial doses available by January 2021.The vaccine will initially be rationed while drugmakers produce more doses. Healthcare workers, people in nursing homes, first responders and those with high-risk health conditions will likely be the first people eligible to receive the vaccine. According to Dr. Anthony Fauci, the director of the National Insitute for Allergies and Infectious Diseases, the rest of the general population won't be able to receive the vaccine until later in 2021.Pfizer and Moderna have both announced that their vaccines are on track for potential emergency authorization from the Food and Drug Administration. But there are several other candidates that could also get approval soon — and could potentially overtake the market.Both Pfizer's and Moderna's vaccine candidates require two shots, which need to be taken 28 days apart. But health experts believe that if a single-dose vaccine gets approval, it could quickly become the standard for worldwide vaccination."So, if you can get a vaccine out there that actually requires only one dose, it could quickly overtake the market," said Dr. Marcus Schabacker the President & CEO, of Emergency Care Research Institute.Health experts are also encouraged that there are several vaccine candidates in the final stages of testing — they believe that more potential vaccines reduce safety risks."We have a lot of people in the world. We need to vaccinate in different countries under different criteria, and you always run the risk that there's something in the Pfizer vaccine that someone's allergic to that isn't in the Madonna vaccine," said Dr. Jill Roberts, an associated professor as USF Health.One question that hasn't yet been answered is how the vaccines will stand up to the newly infected."So if you're turning positive today, we know you are exposed to somebody that had COVID, and we vaccinate you today — will that actually prevent you from developing severe disease?" Roberts said.Merck is another U.S. based pharmaceutical company that is working on a single-dose COVID-19 vaccine. That vaccine is currently in early testing overseas. 2422
WILMINGTON, Del. (AP) — Bernie Sanders held an in-person campaign for the first time since the start of the coronavirus pandemic in March, heading to the battleground states of New Hampshire and Michigan to promote Joe Biden and soothe any lingering tensions between the Democratic Party's progressive and centrist wings. WATCH RECAP: On Saturday, the Vermont senator held a socially distanced, outdoor rally Saturday in Lebanon, New Hampshire which was capped to keep crowds from growing too large. Sanders spoke about a range of topics, from the economy to the pandemic. Sanders said that there are some who think the government has to make a choice between having a strong economy and protecting the American people coronavirus. He said the truth of the matter is that America won't have a strong economy if the virus continues to surge. "We will never have a strong economy if people are afraid to go to work, afraid to go to school, afraid to shop, afraid to have dinner at a restaurant, or afraid to do all of the things that we normally do," Sanders said. "We will never have a strong economy unless we get this pandemic under control."As of Saturday afternoon, more than 209,000 people in the U.S. have died from the virus, according to Johns Hopkins.When speaking about the economy, Sanders said the working class is in "more desperation today than at any time since the great depression of the 1930's."Sanders added that during the pandemic, nearly 60% of Latino families and 55% of African-American families have either experienced a job loss or a pay cut, while the billionaires of our country have profited."In the last number of months, 640 three billionaires -- that's not a lot of people -- have seen their wealth go up by 5 billion," Sanders said. "Let me say that again. While 30 million Americans have lost their jobs, while 12 million Americans have lost their health insurance, while 29 million Americans do not have enough food to eat, while 40 million of our people face eviction, 643 billionaires increased their wealth by 0, that's billion over the last six months alone."On Monday, Sanders will host a drive-in rally in Macomb County, Michigan — a Detroit suburb that voted Republican in 2016 and was instrumental in clinching the White House for President Donald Trump. 2313
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