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Sears CEO Steps Down, But That’s Only the Beginning of the Bad News

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Sears Holdings Corporation has apparently filed for Chapter 11 bankruptcy on Monday, announcing that CEO Ed Lambert would be resigning from his post in order to aid the restructuring process.

This is pretty sad news as Sears is practically an American institution. There’s little doubt that the changing tide of commerce from brick-and-mortar stores to online shopping has had a huge role in the company’s decline, however, it seems a large part of the blame rests on the retailer itself.

The company issued a statement confirming that it has filed voluntary petitions for bankruptcy relief in an effort to “continue streamlining its operating model and grow profitability for the long term.”

CEO Ed Lambert has also resigned his post to allow a team of executives to take over day-to-day operations, and restructuring expert Mohsin Meghji will lead the firm’s transition into Chapter 11.

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Lambert will still remain chairman of the board, as the company’s largest investor and creditor, but a new independent director, William Transier, has been appointed due to his expertise in overseeing complex capital reorganizations.

While the company said its Sears and Kmart stores will continue to operate as usual, another 142 unprofitable locations will be shuttered by the end of 2018.

Analysts have been speculating for quite some time that the Sears company was not doing very well, and for good reason. Over the last decade, the firm has shutdown hundreds of stores and is more than $5.6 billion in debt. Its stock price has fallen so low they’ve had to sell off several major brands just to keep things afloat.

While it seems Lambert has an optimistic view of the restructuring process, many other experts are not feeling so upbeat. Neil Saunders, a man who doesn’t hold back the nitty gritty reality of a given situation, stated that “the problem in Sears’ case is that it is a poor retailer. Put bluntly, it has failed on every facet of retailing from assortment to service to merchandise to basic shop-keeping standards.”

“That failure has manifested itself in lost customers, lost market share, and a brand that has become tarnished and increasingly irrelevant,” Saunders finished.

Here’s to hoping that Sears will take such criticism seriously, learn from their mistakes, and manage to turn the ship around before it’s too late.

Source: TheBlaze

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Florida’s Top Doc Removed from Meeting Over Mask Refusal

He was following the science, though…

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When it comes to the COVID-19 pandemic, we have often heard the mantra “follow the science”, repeated ad nauseam by any number of doctors, epidemiologists, and experts.  This is because COVID-19, like other viruses, behaves in a predictable and distinct way, an die can use math to understand the true nature of our risks, and to a fairly accurate degree.

But there are some who wish to ignore the science, and instead create arbitrary rules and regulations that don’t conform to the advice of the experts.

This sentiment turned downright silly in Florida this week, after one of the state’s leading medical experts was removed from a meeting for not wearing a mask.

Florida’s top health official was asked to leave a meeting after refusing to wear a mask at the office of a state senator who told him she had a serious medical condition, officials have confirmed.

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Florida Senate leader Wilton Simpson, a Republican, sent a memo to senators Saturday regarding the incident at the office of Democratic state Sen. Tina Polsky, asking visitors at the building to be respectful with social interactions. Polsky, who represents parts of Broward and Palm Beach counties, had not yet made public her breast cancer diagnosis.

Polsky told The Associated Press about the tense exchange with state Surgeon General Joseph Ladapo that was first reported by the news site Florida Politics. She said Ladapo and two aides were offered masks and asked to wear them when they arrived for the Wednesday meeting. She did not tell him she had breast cancer, but said she had a serious condition.

Ladado suggested that the meeting could take place outside if it would make Polsky more comfortable, but she refused.

This begs the obvious question: If Ladapo is following the science, as he most certainly is, who is anyone to tell him he’s wrong?  This is the premiere expert on Florida’s coronavirus situation, after all.

 

When it comes to the COVID-19 pandemic, we have often heard the mantra “follow the science”, repeated ad nauseam by any number of doctors, epidemiologists, and experts.  This is because COVID-19, like other viruses, behaves in a predictable and distinct way, an die can use math to understand the true nature of our risks, and to a fairly accurate degree. But there are some who wish to ignore the science, and instead create arbitrary rules and regulations that don’t conform to the advice of the experts. This sentiment turned downright silly in Florida this week, after one of the state’s leading medical experts was removed from a meeting for not wearing a mask. Florida’s top health official was asked to leave a meeting after refusing to wear a mask at the office of a state senator who told him she had a serious medical condition, officials have confirmed. Florida Senate leader Wilton Simpson, a Republican, sent a memo to senators Saturday regarding the incident at the office of Democratic state Sen. Tina Polsky, asking visitors at the building to be respectful with social interactions. Polsky, who represents parts of Broward and Palm Beach counties, had not yet made public her breast cancer diagnosis. Polsky told The Associated Press about the tense exchange with state Surgeon General Joseph Ladapo that was first reported by the news site Florida Politics. She said Ladapo and two aides were offered masks and asked to wear them when they arrived for the Wednesday meeting. She did not tell him she had breast cancer, but said she had a serious condition. Ladado suggested that the meeting could take place outside if it would make Polsky more comfortable, but she refused. This begs the obvious question: If Ladapo is following the science, as he most certainly is,…

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Crew of Alec Baldwin Film Walked Off Set Over Safety Fears Hours Before Fatality

WHOA!

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While the fatal shooting of a Hollywood cinematographer has been deemed an accident by those involved, there appears to have been a pattern of negligence on-set, leading up to the incident.

Alec Baldwin last week discharged a “prop” firearm in the direction of crew members on the set of his film “Rust”, and, somehow, a live round had been loaded into the weapon.  The shot killed one member of the production staff and wounded another.

As it turns out, crew members were already concerned about the way in which the weapons were being handled.

The 24-year-old head armorer in charge of guns on the Alec Baldwin film where cinematographer Halyna Hutchins was tragically shot and killed on Thursday had admitted she wasn’t sure she was ready for the job in an interview before filming started.

‘I almost didn’t take the job because I wasn’t sure if I was ready, but doing it, it went really smoothly,’ Hannah Gutierrez-Reed said in a podcast interview last month after leading the firearms department for The Old Way, starring Nicolas Cage – her first time as head armorer.

And that’s not all:

It comes as crew on the film revealed they walked off set hours before the fatal accident over safety fears after firearms were accidentally discharged three times – including once by Baldwin’s stunt double who had been told the gun was not loaded, and twice in a closed cabin.

A search warrant released Friday said that Gutierrez-Reed laid out three prop guns on a cart outside the filming location, and first assistant director Dave Halls grabbed the gun from the cart and brought it inside to Baldwin, unaware that it was loaded with live rounds.

‘Cold gun!’ shouted Halls before handing the gun to Baldwin, using the phrase to signal to cast and crew that the gun was safe to fire for the scene, the warrant said.

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The investigation into the incident is ongoing, and there is the potential for someone to be charged in the case still.

While the fatal shooting of a Hollywood cinematographer has been deemed an accident by those involved, there appears to have been a pattern of negligence on-set, leading up to the incident. Alec Baldwin last week discharged a “prop” firearm in the direction of crew members on the set of his film “Rust”, and, somehow, a live round had been loaded into the weapon.  The shot killed one member of the production staff and wounded another. As it turns out, crew members were already concerned about the way in which the weapons were being handled. The 24-year-old head armorer in charge of guns on the Alec Baldwin film where cinematographer Halyna Hutchins was tragically shot and killed on Thursday had admitted she wasn’t sure she was ready for the job in an interview before filming started. ‘I almost didn’t take the job because I wasn’t sure if I was ready, but doing it, it went really smoothly,’ Hannah Gutierrez-Reed said in a podcast interview last month after leading the firearms department for The Old Way, starring Nicolas Cage – her first time as head armorer. And that’s not all: It comes as crew on the film revealed they walked off set hours before the fatal accident over safety fears after firearms were accidentally discharged three times – including once by Baldwin’s stunt double who had been told the gun was not loaded, and twice in a closed cabin. A search warrant released Friday said that Gutierrez-Reed laid out three prop guns on a cart outside the filming location, and first assistant director Dave Halls grabbed the gun from the cart and brought it inside to Baldwin, unaware that it was loaded with live rounds. ‘Cold gun!’ shouted Halls before handing the gun to Baldwin, using the phrase to signal to cast and…

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