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Sears desperately needs money to keep it afloat during bankruptcy. And now the deadline is getting tighter.The retailer, which filed for bankruptcy on Oct. 15, has already gotten a 0 million loan to help fund its operations while it tries to reorganize. It warned the day it filed that it would need an additional 0 million loan within weeks or else its ability to stay in business would be "seriously jeopardized."But now Sears has postponed a hearing that was set for November 1 to win bankruptcy court approval of such a loan, according to a court document filed Wednesday. No new meeting date was set.Sears declined to comment on the delay.A hedge fund owned by Eddie Lampert, who is also Sears chairman and majority shareholder, was expected to lead financing of the 0 million loan.CNBC reported Thursday that Lampert is looking to ensure that his hedge fund would get paid back first when it comes time for Sears to reimburse its creditors. Specifically, Lampert wants his ESL Investments hedge fund to have the same status as major banks like Wells Fargo and Citigroup that provided the initial 0 million loan, CNBC reported.Meanwhile, Sears is bleeding money. It said it is burning through cash at a rate of 5 million a month, according to its first-day filings.The 132-year-old company has been struggling for several years and is already drowning in debt. It was forced to file for bankruptcy when it came time to make a 4 million debt payment but didn't have the cash.Lampert, who gave up the CEO role at Sears as part of the filing, has been loaning money to Sears for years. But he has always taken steps to ensure that his loans are backed by hard assets, such as real estate or credit card balances, to improve his chances of having the loan repaid even in the case of bankruptcy. Even if Sears liquidates, he'll end up holding real estate worth hundreds of millions of dollars.Lampert is the company's largest creditor. He's owed at least .6 billion. 2024
SAN YSIDRO, Calif. (KGTV) - Several immigrants' rights groups allege harassment and one man says he was strip-searched by Customs and Border Protection agents.The Southern Poverty Law Center, the Center for Constitutional Rights, and the American Immigration Council filed a motion requesting more information from the U.S. government regarding the detention of the Director of Al Otro Lado, calling their acts retaliation for helping asylum seekers.Hugo Castro, Director of Border Angels, Tijuana, spoke with 10News about his experience last December."I was sent to secondary for no reason," Castro said. He was in Mexicali for a doctor's appointment when he was detained by a CBP officer."The officer searched me, said I didn't have a weapon and was trying to grab me and I said hey, you don't need to grab me, just tell me what to do," He said the next 5 hours were unnerving. "They took my cellphone... after that they searched me, body search, and took off my shoes and look all around my, through my pants and underwear," he said looking at the ground.Castro said he was interrogated about migrants and the immigration rights' group Al Otro Lado."You know, if I was part of the caravan the organizers. If we were paying migrants, if we were helping migrants to cross the border."Castro said he explained to the officer he helps bring donations to nine shelters in Tijuana. Castro said he was detained for five and a half hours. He said he was detained again in January.Founder of Border Angels Enrique Morones was livid after he heard of the harassment."What happened to Hugo Castro and James Cordero both border angels, is outrageous, is absolutely outrageous and they're not the only two, there's other people I know who have been in the same situation," he said.SPLC, CCRT and the American Immigration Council claim alerts were placed on immigration lawyer's passports. 1886
SANTEE, Calif. (KGTV) -- A woman is on high alert after she says a six-foot-long rattlesnake nearly attacked her dog Friday.20-year-old Willow Godshalk-Gross says she let her small dog out just before 10 a.m. Friday on the 7100 block of Mariposa Street.According to the 20-year-old, the dog started running around when Willow noticed a snake. She quickly grabbed the dog and started running back inside.Firefighters responded and found the massive red diamond rattlesnake cozying up net to some rocks near a fence line.A firefighter was able to safely remove the snake with tongs. Crews say this rattlesnake is the largest they’ve ever seen.After being fed and taken care of by a 3rd party, the snake will be released into the wild. 755
SEATTLE (AP) — U.S. scientists said Friday they will investigate why an unusual number of gray whales are washing up dead on West Coast beaches.About 70 whales have been found dead so far this year on the coasts of California, Oregon, Washington and Alaska, the most since 2000. About five more have been discovered on British Columbia beaches. That's a very small fraction of the total number of whales believed to have died, because most simply sink and others wash up in such remote areas they're not recorded.NOAA Fisheries on Friday declared the die-off an "unusual mortality event," providing additional resources to respond to the deaths and triggering the investigation."Many of the whales have been skinny and malnourished, and that suggests they may not have gotten enough to eat during their last feeding season in the Arctic," agency spokesman Michael Milstein told reporters during a conference call.The eastern North Pacific gray whales were removed from the endangered species list in 1994, after recovering from the whaling era.The population has grown significantly in the last decade and is now estimated at 27,000 — the highest since surveys began in 1967. That has raised questions about whether their population has reached the limit of what the environment can sustain. Another theory suggests that the loss of Arctic sea ice due to global warming is a culprit.The whales spend their summers feeding in the Arctic before migrating 10,000 miles (16,000 km) to winter off Mexico. Though they eat all along their route, they are typically thinning by the time they return north along the West Coast each spring.They eat many things, but especially amphipods, tiny shrimp-like creatures that live in sediment on the ocean floor in the Arctic. For many years, researchers noted that fewer calves tended to be born following years when the ice in the Chukchi Sea, north of the Bering Strait between Alaska and Russia, was late to melt. The whales had less time to feast because they couldn't access the feeding area, and thus had less blubber to sustain them on their next migration.Last year, though, the Artic was unusually warm. The whales weren't blocked from the feeding area, and yet are still struggling this year. That has scientists wondering if the loss of sea ice has led to a loss of algae that feed the amphipods. Surveys show the amphipod beds moving farther north, said Sue Moore, a biological oceanographer at the University of Washington."The sea ice has been changing very quickly over the last decade or so," she said. "The whales may have to shift to other prey, such as krill or other things they eat."In an average year, about 35 whales wash up in the U.S.In 2000, more than 100 did, prompting NOAA to declare an "unusual mortality event" then as well. The resulting investigation failed to identify a cause. The die-off followed strong changes in ocean conditions in the mid-1990s, suggesting that warmer water patterns affected the availability of prey, but scientists were often unable to perform necropsies, Moore said."It's sometimes very difficult to get to these whales in a timely fashion," she said. "You can't always get the kind of samples you would need for diagnostic reasons."Since then, researchers have built up an improved network of volunteers and have better educated the public to help report and respond to whale deaths, said Deborah Fauquier, veterinary medical officer at NOAA's Office of Protected Resources. This time around, scientists have been able to perform necropsies on 20 of the whales, she said.John Calambokidis, a research biologist with the Cascadia Research Collective, noted that as the whales search farther afield for food, they've entered areas where they're not normally seen so often, including San Francisco Bay and Puget Sound. That puts them at higher risk of being struck by ships or entangled in fishing gear.Four of the 10 gray whales found dead near San Francisco this year were struck by ships, and a number of shipping companies have slowed their vessels in the area to avoid collisions. 4086
Saudi Arabia Foreign Minister Adel al-Jubeir told Fox News that the killing of journalist Jamal Khashoggi was a "tremendous mistake" and part of a rogue operation."The individuals who did this did this outside the scope of their authority," he told Bret Baier on Sunday. "There obviously was a tremendous mistake made, and what compounded the mistake was the attempt to try to cover up. That is unacceptable in any government."Al-Jubeir said that Saudi Arabia was taking action to investigate how Khashoggi died and hold those responsible accountable."We are determined to uncover every stone. We are determined to find out all the facts. And we are determined to punish those who are responsible for this murder," he said. 731