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SANTA FE, N.M. (AP) — “Game of Thrones” author George R.R. Martin won’t be able to build a seven-sided, castle-style library at his compound in Santa Fe. The Santa Fe New Mexican reports that the city’s Historic Districts Review Board denied a request Tuesday to allow Martin to exceed the building height limit in the historic district where he lives. Neighbors objected to the project, saying they didn't want a visible castle in the middle of a residential neighborhood. Officials also denied a similar proposal early this year, saying the project didn’t meet height and style standards and didn’t fit in with the character of the historic district. 660
Secretary of State Rex Tillerson thanked agency staff in a message Friday, calling his service at the State Department "one of the great privileges of my life," just days after being fired by President Donald Trump in an early morning tweet."I depart my post with nothing but the best memories of working with my State Department colleagues," Tillerson said in the letter, the text of which was obtained by CNN and first reported by the Associated Press. "Know that I will continue to pray for our country, our leaders, and your efforts to make this world a better place than we found it. I am cheering for your success and thank you again for your service." 666
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) -- Firefighters were able to knock down a two acre brush fire in San Ysidro Sunday morning. According to San Diego Fire Rescue, the fire sparked just before 7:20 a.m. in a rural canyon east of San Ysidro. The department says, due to the difficult terrain, crews had to be flown in to fight the blaze. RELATED: San Diegans urged to prepare for wildfiresSan Diego Fire-Rescue says the fire burned approximately two acres. The cause of the blaze is unknown at this time, but the Metro Arson Strike Team has been called in to investigate. 569
Sears has won some more time to save itself. But not a lot more time.At a bankruptcy court hearing Thursday, Judge Robert Drain approved Sears' plan to auction off about 500 stores. The auction is central to the company's mission to remain in business. Sears intends to use funds from the sale for its operations, and it will pay rent to the stores' buyers so they can stay open.A committee of Sears' creditors had objected to the plan and argued that the company should immediately start the process of going out of business to limit its ongoing losses.Judge Drain said he will hold another hearing a week before Christmas to consider whether to go ahead with Sears' effort to stay in business or start the process to close all its remaining stores. Drain said it wasn't realistic to start a liquidation process immediately."You can't do a GOB [going out of business] plan for a company this big by snapping your fingers," he said. "Let's come back to court [in December] and see what the lay of the land is."Sears' attorneys conceded was a chance the company might not be able to survive."We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock. "We're not blind to that fact."Schrock said the upcoming holiday shopping season is a crucial period for Sears, and the company believes it will at least be able to break even in the fourth quarter.The creditors' attorney expressed doubts that the company will be able to stay in business. But he said they could live with waiting until December for a decision on Sears' future.Sears also disclosed in a filing late Wednesday that it has arranged for an additional 0 million loan to fund operations during the bankruptcy process. That loan is a crucial component of the company's ability to stay in business, according to a filing the company made on the first day of the bankruptcy process, but it has taken a month to lock-up the funding.The loan is from Great American Capital Partners, rather than ESL, the hedge fund controlled by Sears Chairman Eddie Lampert. When Sears first filed for bankruptcy, it said that it anticipated the loan would come from ESL, but creditors have objected to a the series of insider deals between Sears and Lampert. 2303