Posts

Showing posts from January, 2019

Current Event #9 - Sears Survives the Bankruptcy Auction

With well known booming companies like Walmart and Amazon, another store had to file for bankruptcy like Toys ‘R’ Us, a popular kids store. Sears, a well-known retail store filed for Chapter 11 Bankruptcy. Sears was flooded with debt with $134 million dollars to pay.  Sears closed 142 stores, but after months they survived through the bankruptcy auction and 400 stores are being kept open. Eddie Lampert, a billionaire, and the companies chairman along with the largest shareholder, won the auction. Lampert ended up raising his offer to $5 billion to keep 400 stores open in the nation. This move will not only save 400 stores but 45,000 jobs. Bankruptcy is definitely one of the worst things that could happen to a business. As we have seen the well-known crash of Toys ‘R’ Us because of Amazon. This also happened to Sears. Like what's the point in going out to buy something when you could get it delivered to you with a click of a button? I do think Lampert's move was wise to help

Current Event #8 - Ferry Fee Costs Leave Townspeople Disappointed

Islesboro a town on an island is three miles away from the mainland. They have to pay for a ferry round trip to leave. Most residents are having a problem with the increase of the ferry price. The change in price went up last May but since then some are really struggling because of it. Maggy Willcox, the publisher for the Islesboro Island News, wants to see her granddaughter but for a round trip, it costs her $30. She can only manage one trip a week. Every time she leaves the island she has to add $30 to whatever she's doing. Many people that live there have spoken out to the Maine Department of Transportation. I think that the Maine Department of Transportation should’ve taken this matter into consideration before they actually did anything. They should’ve thought about the people who don’t have access to the mainland by car or walking. With the ferry prices up some people can’t leave the island very often. It's disappointing when people can't leave to do the things th

Current Event #7 - Controversy over 'Baby, It's Cold Outside'

The beloved 74-year-old song, a classic, that would be on heavy rotation during winter time has now caused controversy. Now radio stations are taking the song down and won't play them. The song is about a man trying to convince a lady to stay with him but she repeatedly says “no”, but he still persists. Some interpret the song to sound like date rape. There has been criticism in the past but it took until this year for the topic to skyrocket. The song was originally written as an act for a party. Frank Loesser wrote it for him and his wife to sing as a party. The song ended up being a hit and they started to sing it everywhere. I can totally get where people are coming from especially with the #MeToo movement this year, but with the song being a Christmas classic and being around for more than 70 years then what's the point in criticizing it now especially if it’s been so popular. Why address the problem after years and years of being on the charts? In earlier times things l