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Monday, May 02, 2016

The sporting goods retailer Sports Authority has abandoned plans for bankruptcy reorgnization and will auction off off its assets on May 16. Unless buyers keep the doors open in at least some locations, all 450 stores could be liquidated. The Colorado-based retailer has more than $1.1 billion in debt. Sports Authority, at one time the largest sporting goods retailer in the U.S., traces its origins to a store begun in 1928 by a Denver Post newspaper carrier who acquired $50 in fishing rod samples to sell. The NFL's Denver Broncos play at Sports Authority Field at Mile High in a 20-year, $60 million deal the retailer reached in 2015.

A Florida poll by a Republican-leaning business organization indicates Donald Trump and Ted Cruz would both be easily defeated in a general election in the swing state. "Our latest Florida tracking survey provides an ominous warning for Republicans as they head into the final full month of their nomination process," wrote Ryan Tyson of Associated Industries of Florida in a memo to members. "Voters in Florida appear poised to reject Donald Trump and Ted Cruz as viable options for the presidency as evidenced in their poor image ratings and ballot position with key segments of the electorate." Tyson said the poll shows that among Hispanics Trump is -77 percent (10% favorable/87% unfavorable) -- "and no, that is not a typo. Trump is also underwater with Cubans by 60% (17/77). ... Ted Cruz isn't doing any better at -30% (29/59) with 39% of the electorate having a very unfavorable view of him. Perhaps the most damaging news for either candidate is how high their negatives are within their own party. Amongst Republicans, Trump is 55/38 and Cruz is actually underwater by a point, 47/48." read more

Ted Cruz told a boy heckling him during a Sunday speech in Indiana that if the child was behaving that way in his household he would get a spanking. "Apparently there is a young man who's having some problems," Cruz said after the boy yelled something that was not easily heard. The boy responded, "You suck." Cruz scolded the boy: "You know one of the things that hopefully someone has told you is that children should actually speak with respect. Imagine what a different world it would be if someone told Donald Trump that years ago. ... You know, in my household, when a child behaves that way, they get a spanking."

An Illinois woman has filed a class-action suit against Starbucks for $5 million over the amount of ice the coffee giant used in its cold coffees. A suit filed by Stacy Pincus in Northern Illinois Federal Court Wednesday claims that because it uses so much ice, customers often end up with half the amount of drink listed on its menus in fluid ounces. "The word 'beverage' is defined as 'a drinkable liquid.' Ice is not a 'beverage' by definition. Accordingly, Starbucks actually gives the customer much less beverage in the cold drinks they order and pay for," the suit states. read more

Sunday, May 01, 2016

Finn Cohen, New York Times: On March 15, 2004, George Harrison was posthumously inducted into the Rock and Roll Hall of Fame. As part of the ceremony, an all-star band performed "While My Guitar Gently Weeps," Harrison's best-known Beatles song. The group featured Tom Petty and two other members of the Heartbreakers, as well as Jeff Lynne, Steve Winwood, Dhani Harrison (George's son) and Prince, himself an inductee that year. Marc Mann, a guitarist with Mr. Lynne's band, played Eric Clapton's memorable solo from the album version of the song. But Prince, who essentially stood in the dark for most of the performance, burned the stage to the ground at the song's end. His three-minute guitar solo is a Prince milestone, a chance to see him outside of the purple-tinted (for once, he is dressed in red) context of his own meticulous studio craft. read more


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