Seoul Flood Deaths: South Korean Capital Promises to Move Families From ‘Parasite’ Style Basement

Seoul Flood Deaths: South Korean Capital Promises to Move Families From ‘Parasite’ Style Basement

Seoul, South Korea CNN – Seoul has promised to lead some of the city’s poorest families out of underground and semi-underground homes after 13 people died in floods from record rainfall this week, sparking public dismay and calling the government accountable. The death, which included a family drowned after being trapped underground, prompted the South … Read more

Sears ready for eventual bankruptcy

Sears ready for eventual bankruptcy

Former Sears CEO Eddie Lampert entered into a settlement with his creditors to bring Sears out of bankruptcy for just $ 179 million, which would free the hedge fund mogul from any epic bankruptcy obligations. After nearly four years, the biggest and longest-lasting bankruptcy could be over if a federal bankruptcy judge approves a proposed … Read more

Rivian’s losses rise to $ 1.7 billion as production increases

Rivian’s losses rise to $ 1.7 billion as production increases

CEO of Rivian RJ Scaringe said in an interview with investors that for “much” of the second quarter they were unable to fully utilize their production line. “We weren’t even able to work one shift due to component deliveries,” said Scaringe. Rivian expects supply chain shortages to continue to curb its growth, but is confident … Read more

“We have become a cheap nursery for teenagers”

“We have become a cheap nursery for teenagers”

Six Flags has revealed it has lost nearly 2 million customers in the last year – a decline partly due to an initiative to eliminate “rowdy teens,” according to the company’s CEO. Shares of the Arlington, Texas-based amusement park fell 18% to $ 21.12 on Thursday after it was revealed that attendance at its 27 … Read more

Big climate bill; Spending green bucks to increase green energy

Big climate bill;  Spending green bucks to increase green energy

SETH BORENSTEIN, MATTHEW DALY and MICHAEL PHILLIS August 11, 2022 GMT https://apnews.com/article/technology-science-congress-climate-and-environment-f084d23d61ebb068068d4aa92c82fdbb WASHINGTON (AP) – After decades of inactivity in the face of escalating natural disasters and sustained global warmingCongress hopes clean energy will be so cheap in all aspects of life that it is almost irresistible. The House is poised to pass a transformational … Read more

The cost of essentials for school – glue, markers, pens and backpacks – has increased

The cost of essentials for school – glue, markers, pens and backpacks – has increased

From glue, markers, pens and tapes to backpacks, sneakers and even underwear, the price tags of these necessities have jumped over the past year as inflation makes purchases of all kinds more expensive. Families can already adjust their home budgets to absorb the higher prices, but when everything costs more, it adds up. “We look … Read more

A hostage conflict at a bank in Beirut ends with the arrest of a bandit

A hostage conflict at a bank in Beirut ends with the arrest of a bandit

BEJRUT (AP) – A bandit demanding that a bank in Beirut allow him to withdraw his imprisoned savings to pay his father’s medical bills, took up to 10 people hostage on a seven-hour Thursday before surrendering in exchange for what a family lawyer said there were 35 000 of his money. Bassam al-Sheikh Hussein, a … Read more

Six Flags, Canada Goose, Warby Parker and more

Six Flags, Canada Goose, Warby Parker and more

Check out the companies that hit the headlines before the bell: Six Flags (SIX) – Shares of the amusement park operator fell 12.8% in the pre-sale market after its quarterly earnings and revenues were well below Wall Street’s forecasts. Among other things, Six Flags saw attendance drop by 22%. Canada Goose (GOOS) – The outerwear … Read more

Warby Parker (WRBY) reports losses in Q2 2022.

Warby Parker (WRBY) reports losses in Q2 2022.

A general view of the atmosphere at Warby Parker’s store at The Standard in Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker joined the ranks of retailers on Thursday that cut their financial forecasts for this year, despite posting a lower-than-expected loss in the second fiscal quarter and sales in line with … Read more

North Korea says the disputed victory over the virus blames Seoul

North Korea says the disputed victory over the virus blames Seoul

SEOUL, South Korea (AP) – In a striking speech to thousands of North Koreans, leader Kim Jong Un’s sister said she suffered from a fever, leading the country to victory over the coronavirus. She accused her rival South Korea of ​​the outbreak and swore “deadly” retaliation. Kim Yo Jong, a powerful inter-Korean relations official, praised … Read more