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Here's what's happening in the political world on Saturday, March 31, 2018:Trump attacks CA Gov. 'Moonbeam' Brown, Amazon in Twitter rant-- President Donald Trump slammed California Gov. Jerry Brown and Amazon Saturday morning, in a Twitter rant ranging from immigration to the U.S. Postal Service.President Trump went after Amazon first, claiming the online giant is scamming the U.S. Postal Service: 419
Grocery stores are preparing for more shortages and two chains have already announced limits on buying some items.Kroger is allowing customers two each of paper towels, toilet paper, disinfecting wipes and hand soap. H-E-B is putting limits on those same things, along with rubbing alcohol, and first aid and cleaning gloves.A supply chain expert tells us the upcoming holidays and a recent surge in COVID-19 cases are adding to demand.Manufacturers are focusing on the most popular products, so less variety may also make it seem like there are more shortages.Months of steady demand has made it tough for retailers to stock up.“There hasn't been really a low season across the board to allow for building up inventory that we can use during the holiday season when we expect a surge in demand,” said Rafay Ishfaq, Associate Professor of Supply Chain Management at Auburn University.Another chain, Stew Leonard's, says it's ordering 20% more stock than usual before the holidays this year. Meanwhile, it's already seen an uptick in panic buying.Customers are looking for cleaning supplies, frozen foods and comfort foods.“I think there was a little unrest over the election and there still is, and people aren't really sure if there's going to be any type of a lockdown in America,” said Stew Leonard's CEO Stew Leonard Jr.In talking to customers, Stew Leonard's says it's found more people are preparing for small Thanksgiving gatherings. So, it's stocking up on smaller turkeys and offering recipes to people who are trying a hand at cooking one for the first time.By anticipating the changes, the chain hopes to keep shelves full through the end of the year. 1670

General Electric was blasted on Wednesday by workers, retirees and shareholders bemoaning the downfall of the company they love.At its annual meeting, GE got an earful from employees and investors who pleaded with management to right the ship after a disastrous year."I believe it was arrogance and a series of bad business decisions," former employee Bill Freeda said. "Our board of directors clearly has been AWOL."Another shareholder said: "GE, which was once one of the preeminent companies in the world — the bluest of blue chips — is now an embarrassment."The past 12 months has been one of the darkest periods in GE's 126-year history. A cash crisis, brought on by years of bad deal-making, forced GE to cut its dividend in half and lay off thousands of workers. GE's stock price has crashed by 50%, and calls to kick it out of the Dow have grown louder.Despite the deep criticism of past and current GE leaders, the company's nominees to the board were all elected on Wednesday. None of the shareholder proposals calling for reform were adopted, though one pushing for splitting the CEO and chairman roles received strong support.John Flannery, a veteran GE executive who replaced longtime chairman and CEO Jeff Immelt last year, said he remains "extremely proud" of the company despite its "immensely disappointing" results."We're keenly aware of the pain that our performance has caused," he said.Flannery urged investors and employees to keep the faith and said results from the start of 2018 offer hope."I want all of you to be proud of the company and not lose heart," he said. "I assure you we will not let up until this job is complete."Former GE workers slammed the company for eliminating their supplemental health insurance plans."We built the company. We put it where it is today," said Ron Flowers, president of the Retiree Association of General Electric."Don't just think financially," Flowers urged the board. "Think morally also."Other retirees lamented GE's billion pension deficit, the largest among S&P 500 companies. They questioned whether the pension fund, whittled by years of low rates and inattention, will be around to support them.Flannery said the pension fund is running a "significant deficit," but he said maintaining its integrity is "a deep priority for us." He noted GE recently announced plans to contribute billion to the fund.Freeda, a GE retiree, slammed Immelt for having a back-up jet fly around the world with him on some trips. (GE has said it stopped that practice in 2014. Immelt told the board last year in a letter that he "did not have time to personally direct" the day-to-day operations of GE's corporate air team. He said use of the spare plane was halted once he became aware of it.)"Shareowners should wonder: Were there other serious business abuses?" Freeda said. He called for an independent investigation into questionable business practices under Immelt and urged GE to consider clawing back the former CEO's bonuses.Flannery said that the GE board would take "appropriate steps" if "evidence of serious misconduct" were to emerge. A spokesperson for Immelt declined to comment.GE shareholders voiced stronger support for a proposal aimed at boosting oversight by splitting the CEO and chairman roles. About 41% of shares were cast in favor of the bid, up from 24% last year.In light of accounting concerns at GE, shareholder support for KPMG as the company's auditor dropped sharply. Just 65% of shares were cast in favor of ratifying KPMG, down from 94% last year. KPMG has been inspecting GE's books for 109 years, leading critics to argue they've become too cozy.Martin Harangozo said he was fired by GE with no severance after raising questions about "bad" accounting."GE transitioned from an honest company to a dishonest company," Harangozo said.Underscoring the challenges facing GE, Moody's lowered its credit outlook on the conglomerate to negative on Wednesday because of the expected costs of a Justice Department investigation into its subprime-mortgages business.Moody's warned it could downgrade GE's credit rating if the company fails to improve cash flow significantly or if revenue keeps shrinking at the beleaguered power division. GE shares dropped nearly 5% on Wednesday, leaving them down 53% over the past year.One retiree pleaded with Flannery to turn around the company — fast."My whole life has been GE," he said. "Give it all you've got. We're with you." 4465
Hospitals are fast approaching capacity a number of states, and the Miami area again ordered restaurants closed as the number of confirmed coronavirus cases and hospitalizations began to climb. The dour news comes as the U.S. emerged from a Fourth of July weekend of picnics, pool parties and beach outings that health officials fear could fuel the rapidly worsening outbreak. The see-saw effect of eased restrictions and then increases in cases is seeing a number of states reverse course and start to clamp down.To dampen the spread, Miami-Dade County closed all beaches over the July Fourth holiday. The beaches are expected to reopen on Tuesday. Over the course of the pandemic, Miami-Dade County has had more than 1,000 deaths and 48,000 COVID-19 cases, according to Johns Hopkins University data. 811
Here are this week's hottest home video releases:CocoExploring Mexican culture through the lends of the Dia de Los Muertos tradition, the film tells a heart-melting tale about a music-loving boy who uncovers family secrets while exploring the realm of the dead. Superb visuals meld with a tear-jerking script to create a watershed experience. The Disney/Pixar For my full review, click here. Extras include deleted scenes, filmmaker commentary, drawing lessons and a slew of background featurettes.Doctor Who: The Complete Peter Capaldi YearsA compilation of three seasons starring fan favorite Peter Capaldi -- the 12th actor to take on the iconic role -- pulls together seasons eight through 10 of the show, adding previously unreleased deleted scenes to the existing slate of extras. "Doctor Who" fans should also take note that the Christmas special "Doctor Who: Twice Upon a Time" is also available.Lady and the Tramp Walt Disney Signature CollectionThe 1955 Disney classic gets the full-featured Blu-ray and digital release in a set loaded with extras. The delightful romance, which boasts the memorable spaghetti kiss scene, holds up well, continuing to cast its spell more than a half-century after release. A sing-along mode, reenactments of Walt Disney's meetings with animators, deleted scenes and peeks inside Disney's home life fill out the slate of special features. Murder on the Orient ExpressThe latest film adaptation of the 1934 Agatha Christie murder mystery rounds up Johnny Depp, Kenneth Branagh, Michelle Pfeiffer, Penelope Cruz, Judi Dench, Daisy Ridley and Leslie Odom Jr. for the classic whodunnit. Branagh directs with his typical panache, keeping the story vital and relevant for modern audiences while maintaining loyalty to the past. For my full review, click here. Extras include deleted scenes, filmmaker commentary and featurettes on Christie, the effects and the music.Studios provided review screeners. 1980
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