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Sears is seeking court approval to pay executives as much as million in quarterly bonuses while the company struggles to restructure in bankruptcy.Three top executives could get nearly million each if the company goes out of business. If Sears remains in business, they could get nearly 0,000 each for hitting the top performance targets.Sears filed two different types of bonus plans in bankruptcy court?Thursday. The first is for the top 18 "key" executives, who would collectively get as much as .1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about 5 million a month.A second retention bonus plan was designed to encourage 322 other unnamed executives to stay put during Sears' reorganization. They would collectively get .9 million a quarter, which works out to an average of about ,000 per quarter per executive. No executive could receive more the 0,000 in bonuses for staying with the company during the bankruptcy process.A judge's approval is needed before the bonuses could be paid. A hearing on the plans is set for December 20.The company wants to retain as many executives as it can, but Sears is laying off employees who staffed?hundreds of stores it is closing. Many hourly workers claim they will not be paid severance.Shelia Brewer, who worked for 17 years as a full-time hourly employee at a Kmart in Rockford Illinois, said the company told her she'd get eight weeks of severance. Instead, she received a letter saying that severance payments were being halted because of the bankruptcy, and she would get only the four weeks of pay she had already received."It hit me hard. I was already struggling as it was," she said. She said the bonus plan makes her angry."They say we can't get our severance because there's no money, but they're getting bonuses? It's like a slap in the face," she said.A Sears spokesman declined to comment on the bonus plan or its current severance policy.Eddie Lampert, the company's primary shareholder and chairman, apparently will not receive a bonus, according to the filing.The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses. They are Chief Financial Officer Robert Riecker, Chief Digital Officer Leena Munjal and Gregory Ladley, president of the company's clothing and footwear business.Each could receive as much as 0,000 a quarter in bonus payments for hitting the maximum cash flow targets. They could receive four times that much if Sears goes out of business, in something the company called an "acceleration event."Retention bonuses for top executives are not unusual when companies go bankrupt. But bankruptcy law limits how much severance companies can pay.Toys "R" Us won approval for up to million in bonuses for 17 top executives a year ago during its failed attempt to stay in business, despite objections from employees groups and others."It's outrageous that the bankruptcy court is considering bonuses for Sears' high paid executives while laid off employees get their severance pay cut off," said Carrie Gleason, campaign manager for Rise Up Retail, a retail employee advocacy group. "This is exactly what happened at Toys 'R' Us. A handful of executives who couldn't save the company got millions in bonuses while tens of thousands of dedicated employees were denied their promised severance pay." 3581
#TikTok News: The GOP-led Senate Homeland Security Committee just passed a ban on TikTok on government devices. pic.twitter.com/oRjKAOiEEM— Alex Miller (@AlexMillerNews) July 22, 2020 191
Women are using Facebook and online merchandise venues to sell well-known cosmetic brands at discount prices, but buyers beware of the bargains.Brittanie Masters, an Arizona mom who's making extra cash by selling makeup online, says she started several months ago and she's made up to 0 in one day by auctioning foundation in a Facebook group. "So I was selling them anywhere from to apiece, but a lot of ladies on the Facebook page are selling for a lot more," Masters said. "Brand new I think they’re ."Masters said women are attracted to the black market to get good deals, but they also risk getting swindled. She explains the products being sold can be counterfeit, previously used, or even pulled from a beauty store's dumpster. So how is it getting from the trash to online marketplaces? Some women are dumpster diving for makeup either for personal use or to sell online."It’s not as crazy to me anymore because people will sell the stuff and make a lot of money, and if something's discontinued they could jack up the price twice the amount of retail for a tester that’s half-full," Masters said.Masters said the best way to check for fake products is to compare with something you purchased from a respected retailer. She recommends looking at the label for misspellings, double-checking product size, and using your nose. Sometimes fake makeup smells like chemicals or cleaning products. 1424
"Equal Justice Under Law." Those are the words written at the steps of the Supreme Court. It's a promise to the American people in addition to guarding and interpreting the Constitution.The nation is closely watching the confirmation process of Judge Amy Coney Barrett. Considering the legacy of the late Supreme Court Justice Ruth Bader Ginsburg, who Barrett would replace, women’s rights is on the forefront of many people’s minds.“In general, the Supreme Court has been an important means of expanding, or sometimes reinterpreting equal rights,” Dr. Celeste Montoya said.Dr. Montoya is a political scientist and associate professor of women and gender studies at the University of Colorado. She says Justice Ginsburg had an unforgettable impact on women’s rights.“You really can’t overstate the contributions she’s made to women’s rights," Dr. Montoya said. "Not only on the Supreme Court, but prior to holding that seat. Her whole career has been built on expanding equal rights for women from her position on the ACLU’s women’s rights project, her work as a lawyer, to her work on the Supreme Court.”Rights for women in the workplace when it comes to equal pay and for women seeking an abortion.Roe v. Wade became a hot topic in the confirmation hearings, but Judge Barrett declined to say how she might rule on future cases. However, Dr. Montoya says what we do know from her past rulings is that Judge Barrett is considered a social conservative.“There are some conservatives that take more of a libertarian approach and so they’re not necessarily opposed to women’s rights, but they don’t think the government should take a very hands-on approach to it. Social conservatives on the other hand take a different sort of position on it – they tend to support traditional gender hierarchies that are less likely to push for or to support women’s rights in variety of positions in politics, in economics, in the workplace. They tend to support some of those more traditional roles that women hold.”Dr. Montoya says she believes the Supreme Court ruling on Roe v. Wade has already been undermined, impacting access to contraceptives in general. Dr. Daniel Grossman – a professor in obstetrics, gynecology and reproductive sciences at the University of California—echoes the same observation.“We’ve already seen a significant erosion of the guarantee for access to a full range to contraceptive methods in the affordable care act with an increasing number of categories of employers that are able to deny their employees this benefit,” Dr. Grossman said.Dr. Grossman says a Supreme Court with Judge Barrett would potentially continue what he believes is an erosion of women’s reproductive health rights. Montoya notes states have been given more flexibility the past few decades when determining reproductive rights and that will likely continue is Judge Barrett is confirmed.“We can expect with a 6-3 conservative split, and one that’s very heavily weighted with social conservatives versus libertarians, that we’ll continue in that direction, that we’ll continue to see precedence that gives states more leeway that dictate how they’re going to define reproductive rights or abortion rights for women,” Dr. Montoya said.What Judge Barrett has shared in the hearings is that although she was nominated to succeed Ginsburg, no one could take her place. She also said she believes courts have a vital responsibility to enforce the rule of law, but policy decisions are better left to the legislative branch. 3515
A woman wielding a kitchen knife has attacked at least 14 children at a kindergarten in Chongqing in central China, local police said Friday.Chongqing City Banan District police said the children were slashed as they walked back to class after their morning exercises at Yudong New Century Kindergarten about 9.30 a.m. local time.Videos circulating on Chinese social media showed small children bleeding from severe cuts to their faces at the entrance of the kindergarten as stunned adults looked on.School security guards and staff restrained the 39-year-old attacker and took her into custody. Video from the scene appeared to show angry onlookers attempting to hit and kick the woman after she was detained.Chongqing resident Xia Yang said the attack had shocked residents of the city, a metropolis of some 30 million people.Nearby residents said the kindergarten doesn't have any outdoor space for the children, and they have to use a local public park for their morning exercises."It happened when the children were entering the school gate ... The attacker just ran at them with a knife. The teachers were dumbstruck," said Zhang Jing, who lives close to the school.He told CNN old people out shopping for groceries had intervened to stop the attack.An unknown number of students were taken to a nearby hospital following the incident, according to police.Video from the hospital showed adults wailing in grief as children covered in blood were rushed from ambulances into the building. In another video, a child whose head is wrapped in bandages was pushed past on a gurney, as crowds looked on.Zhang said after the knife attack and recent scandals over faulty medicine for children, he's increasingly skeptical of the government's ability to look after his own daughter."It is terrifying. The vaccines are faulty, the food is faulty ... and right now even the security is problematic," he told CNN.There is no information about a potential motive for the attack. Police are continuing to investigate.Friday's incident isn't the first time school children in China have been hurt by people wielding knives. Nine students were killed at a middle school in Shaanxi province in April by a 28-year-old man who was later sentenced to death.According to state media Xinhua, the killer had wanted to "get revenge on his former classmates who had teased him" and had bought the knives online.In 2017, 11 students were injured after a man climbed over the wall of a kindergarten with a knife and began attacking them. 2559