Judge OKs Detroit Bankruptcy Filing, Federal courts will decide if Detroit is eligible for what would be the largest municipal bankruptcy ever, a federal judge ruled Wednesday, suspending challenges to the Chapter 9 filing in state court.
Detroit’s Emergency Manager Kevyn Orr-a bankruptcy expert appointed by Gov. Rick Snyder earlier this year to oversee Detroit’s finances-has said the federal bankruptcy filing is necessary to get the city out from under some $18 billion in liabilities.
But the city’s employee unions argued the bankruptcy is an end-run around the state constitution, which protects their pension benefits. The unions backed a series of lawsuits filed in Michigan courts to block the bankruptcy. Last week, Ingham County Circuit Judge Rosemarie Aquilina ruled the bankruptcy filing unconstitutional, but a state appeals court put her ruling on hold, and Orr argued the federal court should make that stay indefinite.
Coca-Cola Flavor Drops, Coca-Cola’s newest drink won’t come in a bottle or a can. And people will only need a squirt or two to quench their thirst.
The world’s largest beverage company is introducing its Dasani Drops in coming weeks, which can be squeezed into water for some on-the-spot fruity flavor. And Coca-Cola is betting that there’s big potential for growth.
“I think there’s an opportunity beyond just flavored waters,” said John Roddey, vice president of Coca-Cola’s water, tea and coffee business in North America.
Although there are no set plans yet, Roddey says the next logical category for liquid drops would be tea. That’s because drinks with higher sugar content are harder to turn into a liquid concentrate.
The Coca-Cola Co. isn’t the first to come out with flavor drops. The category was pioneered by Kraft Food Inc.’s MiO, which was introduced in March of last year and has quickly spawned copycats, including by supermarkets that sell store-brand versions.
The drops are popular because they come in small, portable containers that can be easily tucked into a purse or even back pocket. And unlike powdered drink packets, people can decide how much or little they want to squirt into their water. A small bottle can also have more than two dozen servings, meaning people save money they’d spend on bottled teas or enhanced waters.
Macy’s Employee Retires After 73 Years, When Rose Syracuse Richardone, 92, started in the NYC store, wool sweaters cost only $2.14. After 73 years, Macy’s longest-serving employee retires, When Rose Syracuse Richardone started working at Macy’s, women’s wool cardigans cost $2.14 each. Cotton gabardine raincoats for girls were $2.98, old ads show; twin-size sheets were $1.11 and stainless steel flatware was just 16 cents per piece, on sale.
A lot has changed since then, and Richardone — who retired on Wednesday at the age of 92, after a record-breaking 73 years of service in the N.Y. flagship store — has seen it all.
“Rose is an hourly worker. She clocked in every day,” Robin Hall, Senior VP of the Macy’s Parade and Entertainment Group, told Yahoo! Shine in an interview. “It’s just a passion of hers to be here. She’s not a person who seeks attention. She just loves to work.”
Born in Pennsylvania, Rose Syracuse and her family moved to New York when she was just a child, so that her brothers wouldn’t have to end up working in the coal mines. The family settled down in Brooklyn, where they watched the Macy’s Thanksgiving Day parade every year.
She started working for Macy’s in 1939, as an authorizer in the Deposit of Accounts department of the flagship store on 34th Street in New York City. She was a 17-year-old girl fresh out of high school, and had never worked anywhere else before.
“There was actually a bank on the fourth floor of the store,” she told the New York Daily News in 2008. “At that time, there were no credit cards. People set aside money with us to use in the store. They would send up the sales receipt in the pneumatic tubes, which would suck them up and we would authorize purchases.”
In 1939, Macy’s was “a one-stop store,” Richardone said. “You could get meat, straight pins, really anything,” she said in 2008. “We had an apothecary, liquor store, and even a butcher shop. We have obviously evolved since then.”
She didn’t shop at Macy’s before she started working there (“I couldn’t afford Macy’s at that time!” she exclaimed), though when she married Carmine Richardone in 1944 they bought their furniture there. And in 1947, she and other employees watched as “Miracle on 34th Street” was filmed inside the store.
Obama Plays It Safe: Did It Cost Him?, After a pair of big DNC speeches, his much-hyped address left many people underwhelmed. Obama’s ‘dull and pedestrian’ convention speech: Why did he play it safe?, After boffo DNC speeches from Bill Clinton and Michelle Obama, the president’s much-hyped address left many viewers feeling rather underwhelmed
The expectations for President Obama’s big acceptance address at the Democratic National Convention were pretty high. Obama is, after all, known to give a good speech, and he followed blockbuster performances from First Lady Michelle Obama and former President Bill Clinton on the convention’s first two nights. But instead of lofty promises and loftier rhetoric, Obama soberly acknowledged that the economic recovery was slow, while earnestly mounting an argument that his policies are working, and will be better for America’s future than those proposed by opponent Mitt Romney. (Watch highlights below.) Many commentators were underwhelmed. “This speech felt very safe to me,” tweeted The Washington Post’s Ezra Klein. “It’s the speech you give when you think you’re winning.” Did Obama play it too safe and miss a prime chance to bury Romney?
This weak speech proves Obama is getting c**ky: “Let’s be blunt: Barack Obama gave a dull and pedestrian speech,” the rhetorical equivalent of “running out the clock” in a football game, says Michael Tomasky at The Daily Beast. He “clearly thinks he’s ahead,” and felt no need to go big with bold new ideas and lots of specifics, like Clinton did. That’s a “horrible missed opportunity.” With an unprecedented onslaught of the GOP’s negative TV ads set to overwhelm the airwaves, Obama has to play offense. When football teams play it safe to protect slim leads, “it often turns out to be the biggest mistake of all, and they lose.”
Colorado Theater Shooting, The suspect in the Colorado shooting Friday was described as a shy but polite, highly intelligent young man with a gift for science. He grew up in an affluent suburb of San Diego, played soccer and ran cross-country in high school, and graduated with honors at UC Riverside with a degree in neuroscience.
Few details in the emerging sketch of James E. Holmes — the 24-year-old alleged to have killed at least 12 people and injured 58 others at a movie theater — offer any answer to the question Americans find themselves once again asking after a gun rampage: Why?
Friends and neighbors were baffled, and Holmes left no clues online as to his potential motives or mental state. Authorities say he bo**y-trapped his apartment in Aurora, Colo., with explosives and chemical devices, and they were still working to disable them late Friday before they could collect evidence that might yield insight into his thinking.
The suspect had been pursuing a doctorate in neuroscience at the University of Colorado Denver Anschutz Medical Campus in Aurora for a year, but had begun the process of withdrawing from the program last month, officials said. It is not clear what triggered his decision to drop out, although some reports suggested he was having troubles with his studies.
The attack appears to have been carefully planned. Carrying an AR-15 assault-style rifle, a shotgun and two Glock pistols, the killer walked into a multiplex theater screening the new Batman movie,”The Dark Knight Rises,”with dyed red hair and saying he was the Joker, according to law enforcement. He wore a gas mask, a ballistics helmet and vest, and groin, throat and leg protectors. He released two smoke- or gas-emitting devices, and then opened fire, shooting at anyone who tried to escape. He was arrested without incident near a white Hyundai in a parking lot nearby. (Los Angeles Times)
4th Of July Fireworks, Fourth of July is just not complete without fireworks. Whether you’re looking to celebrate Independence Day all day long or just catch a glimpse of those beautiful lights in the sky, we’ve got you covered.
The Queen Mary will host a day of fun, food, and fireworks this Fourth of July. DJs, bands, and strolling performers will provide entertainment throughout the ship, and attendees can feast on barbeque for an additional charge. Fireworks start at 9pm, and entertainment starts at 11am. Tickets: $39.95 ($34.95 for seniors and non-active military, $19.95 for children, free for active military).
Marina del Rey
The fireworks spectacular has returned to Marina del Rey this year. The fireworks can be viewed throughout the marina, but popular locations include Burton Chance Park, Fisherman’s Village, Marina Beach, and the Marina del Rey WaterBus stop locations. Visit the city’s website for more information on where to view the show, parking, and street closures. Fireworks start at 9pm. Free.
The 10th Annual Fourth of July Fireworks Extravaganza will take place at Exposition Park. The show is set to music and can be seen from throughout the park, but the best sites are Christmas Tree Lane and the South Lawn, next to the Natural History Museum. Christmas Tree Lane will also have live entertainment presented by 102.3 KJLH, food, and activities for kids, starting at noon. Fireworks start at 9pm. Free. Parking is free after 5pm, otherwise $10.
Pacific Palisades will celebrate the holiday with its 64th annual all-day Independence Day celebration, beginning at 1:50pm with skydivers and a parade at 2pm. The parade will march along Sunset Boulevard between Via de la Paz and Drummond. Palisades High School’s Stadium by the Sea will hold a concert and fireworks celebration in the evening, beginning at 6:30pm. Live bands and comedians will entertain attendees before the fireworks display at 9pm. Visitors are encouraged to purchase tickets ahead of time to guarantee their seating for the show. $5 online, $6 at the door, free for kids, $10 for guaranteed parking. (LAist)