What with a disappointing report on earnings (they´re falling) and the disclosure that founder Len Riggio is ceasing his effort to take over the company´s brick-and-mortar stores, things are not looking good for Barnes & Noble. And yes, Chief Executive William Lynch did resign in July, taking a severance of $3.65 million in cash and $5 million in stock. What´s going on? Oh, it´s the poor Nook again. Monday´s earnings report shows that for its first fiscal quarter, Barnes & Noble´s Nook experienced "a huge loss," according to USA Today. Revenue was down more than 20%, with sales of the
Beau Biden has a mass in his brain, KPRC-TV in Houston reported Wednesday. The 44-year-old has been undergoing tests at MD Anderson Cancer Center in Houston, as doctors try to determine why he experienced weakness and disorientation last week. He remained hospitalized Wednesday after doctors performed a procedure to rule out cancer. His father, Vice President Joe Biden, and other members of his family are with him in Texas. Beau Biden, who suffered a mild stroke in 2010, felt weak and disoriented on the night of Aug. 14 after driving to Indiana for a family vacation, his spokesman said.
NEW YORK — Target Corp. muted its annual profit forecast Wednesday after reporting a 13 percent drop in second-quarter profits as the cheap-chic retailer deals with cautious shoppers. Shares of the company fell in premarket trading. Target is the latest in a string of companies, including rival Wal-Mart Stores Inc. , that have lowered their business expectations as they contend with an uncertain economy. "For the balance of this year, our U.S. outlook envisions continued cautious spending by consumers in the face of ongoing household budget pressures," Gregg Steinhafel, Target´s chairman, president and CEO, said in a statement.
When firms compete for government subsidies and regulatory advantages, economists call it “rent-seeking.” As Washington considers how to replace Freddie Mac and Fannie Mae in the mortgage market, we can expect the policy process to be dominated by rent-seekers. That is how it has been for generations. Who will win the battle to get the most favorable subsidies and regulations? At this point, all signs point to victory by two of the biggest culprits in the mortgage crisis — the mortgage bankers (firms that originate loans to distribute, not to hold) and the Wall Street investment banks
An Egyptian court has ordered the release of former President Hosni Mubarak on charges of corruption. But it is not clear whether he will be freed from prison later on Wednesday. The prosecution may still appeal. The 85-year-old is also being retried on charges of complicity in the killing of protesters during the uprising that forced him from power in 2011. He was sentenced to life in jail last year, but a retrial was later ordered after his appeal was upheld.
Alan Rusbridger’s pushy government pen pal has been outed. Not by The Guardian but by The Daily Mail. It revealed last night that the Cabinet Secretary, Sir Jeremy Heywood, was sent by the Prime Minister to menace Rusbridger. Sir Jeremy told The Guardian editor-in-chief that the paper should “destroy the files after warning that they could fall into the hands of terrorists”. [Snip] The plan, which I like to think of as Operation Oblivious, sprang from the odd belief among senior politicians that the existence of encrypted copies of the data overseas and in the cloud doesn’t matter. It led
Vero Beach, Florida (CNN) -- Enough with the texting, a Florida judge told Kaitlyn Hunt after hearing testimony about thousands of text messages -- some of them explicit -- the Florida teenager reportedly sent to her underage girlfriend after being ordered not to while awaiting trial on charges of having sex with the girl.
The suffering of the casualties shown lying in makeshift hospitals is consistent with the after-effects of gas. Footage of this sort is extremely difficult to stage-manage. One British official said the latest evidence was “significant enough” to warrant the statement issued by William Hague, the Foreign Secretary, on Wednesday morning. However, two questions remain. First, even if the pictures are genuine, when did the chemical weapons attack actually take place? Activists say that it happened early on Wednesday morning, coinciding with a bombardment of areas around Damascus by the regime’s forces. But this explanation is open to doubt. Mr Assad
Syrian activists accused President Bashar al-Assad´s forces of launching a nerve gas attack that killed at least 213 people today, in what would, if confirmed, be by far the worst reported use of poison gas in the two-year-old civil war. Activists said rockets with chemical agents hit the Damascus suburbs of Ain Tarma, Zamalka and Jobar before dawn. The accounts could not be verified independently and were denied by Syrian state television, which said they were disseminated deliberately to distract a team of United Nations chemical weapons experts which arrived three days ago. Meanwhile, fighting in strife-hit country has fuelled a mass exodus
HURON, Calif. — Farm labor contractors across California, the nation’s biggest agricultural engine, are increasingly nervous about a provision of the Affordable Care Act that will require hundreds of thousands of field workers to be covered by health insurance. While the requirement was recently delayed until 2015, the contractors, who provide farmers with armies of field workers, say they are already preparing for the potential cost the law will add to their business, which typically operates on a slender profit margin. “I’ve been to at least a dozen seminars on the Affordable Care Act since February,” said Chuck Herrin, owner
U.S. Senator Ted Cruz, who says he recently discovered he is likely a Canadian, must win security clearance from Canada´s spy agency, fill out a four-page form and then wait up to eight months to sever his ties to America´s northern neighbor. Cruz, a Texas Republican who has fueled speculation that he may run for president in 2016, was born in Canada, which automatically makes him a citizen. On Monday he offered to renounce that citizenship. "Nothing against Canada, but I´m an American by birth and as a U.S. senator, I believe I should be only an American," Cruz, a U.S. citizen
Partly blaming the health law, United Parcel Service is set to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere. Many analysts downplay the Affordable Care Act´s effect on companies such as UPS, noting that the move is part of a long-term trend of shrinking corporate medical benefits. But the shipping giant repeatedly cites the act to explain the decision, adding fuel to the debate over whether it erodes traditional employer coverage. Rising medical costs, "combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level
An Iowa man shot and killed an escaped inmate on Tuesday after the convict held him and his wife hostage in their home, investigators said. Jerome Mauderly, 71, and his wife, Carolyn, 66, were asleep when escaped inmate Rodney Long, 38, broke into their rural Bedford home a little after 10 p.m. on Monday, said Iowa Division of Criminal Investigation spokesman Mitch Mortvedt. Long -- who had allegedly shot a deputy pursuing him on Sunday -- woke up the Mauderlys and disabled their landline phones except for a line in the couple´s bedroom.
In the third of the six films of the Star Wars saga, the Sith Lord who has infiltrated to become the ruling Chancellor of the democratic republic confederation of peaceful worlds announces to the elected Assembly of representatives of those worlds that to deal with an exaggerated, fabricated crisis, “The Old Republic will be reorganized into the first Intergalactic Empire.” The distracted Assembly responds with polite applause. One of the few characters who understands what is happening remarks wryly, “So this is how the Republic ends. With applause.” Proving that truth is stranger than fiction, this is happening right now in
Four State Department employees who were placed on administrative leave after the Benghazi terror attack have been reinstated, it emerged today. A top House Republican also confirmed that the U.S. State Department´s review of the attack and its aftermath did not include interviews with the employees--suggesting that they may have been used as scapegoats to spare higher-ups any responsibility. [Snip] A State Department official told MailOnline on Tuesday that after Secretary of State John Kerry took over from former Secretary Hillary Clinton, the four employees were placed on leave in order to avoid the appearance of favoritism after Kerry inherited
I am in the minority among my closest friends. Most of my friends are, as they are expressing on twitter and elsewhere, appalled at Heritage Action for America, For America, and soon other groups running targeted ad campaigns against various Republicans in Congress. The ads are designed to remind voters that those members of Congress and Senators have campaigned against Obamacare, but now will not vote to defund Obamacare. My friends believe these conservative organizations are doing great harm and will potentially hurt Republicans. They find them off putting, likely to do more harm than good, pushing a strategy doomed to fail,
Police have found the handgun used in a 2012 double murder that has been linked to NFL star Aaron Hernandez, it was revealed today. The .38-caliber Smith & Wesson revolver was found in a black case in the trunk of a 19-year-old woman´s car after she crashed near Springfield, Massachusetts, in June. The Massachusetts State Police sent the weapon in for ballistics testing and learned that it fired the rounds that killed Daniel Jorge Correia de Abreu, 29, and Safiro Teixeira Furtado, 28, outside a Boston night club in July 2012. WSHM-TV reports that the woman, Jailene Diaz-Ramos, from Hernandez´s hometown
Pope Francis is a beguiling, confusing pontif. Some in the media imagine him to be Fr Liberal, parachuting into the slums to feed the hungry and chastise the rich. Others regard him as positively medieval--all that crazy talk about demons and exorcisms ("The power of Christ compels you!"). [Snip] Then a chance click on a blog by Alejandro Bermúdez, head of the Catholic News Agency, leant me a fascinating insight into his intellectual character. During his first homily, Pope Francis quoted the 19th century French convert Léon Bloy. And it´s a striking quote: When one does not confess Jesus Christ
So, Hannan, people keep asking me, are you going to stand up for your constituents in Balcombe who are protesting against fracking? Eh, eh, are you, eh? Well, my constituents in Balcombe, like those in every other village I represent, hold a variety of opinions. [Snip] Balcombe is simply the latest destination for the anti-globalisation crowd, whose sense of geography seems hazy. First, they set out to ‘Occupy London Stock Exchange!’ but ended up ‘Occupying St Paul’s Cathedral!’ Now, they have managed to stage their anti-fracking demo in a village where no fracking is taking place: the drilling at Balcombe
Chris Lane is the Australian college student and baseball player who was murdered while jogging along a street in Duncan, Oklahoma. The perpetrators were three teenagers who were bored and decided to murder someone just for fun. They saw Lane running by, got in a car, drove behind him and shot him in the back. Two of the bored teenagers, Chancey Luna and James Edwards, have been charged with first degree murder:(Snip for photos)Their confederate Michael Jones is charged with being an accessory after the fact. Apparently Jones was driving the car, while Luna pulled the trigger on a .22
Katrina Trinko of National Review alerts us to the fact that during a question-and-answer session at a Montgomery County GOP dinner Monday night, Senator Ted Cruz was asked, “Why don’t we impeach [Obama]?” Mr. Cruz responded, “It’s a good question, and I’ll tell you the simplest answer: To successfully impeach a president you need the votes in the U.S. Senate.”(Snip) By sending a signal to his audience that in his heart of hearts he favors impeachment–and all the political and civic trauma impeachment would cause–Mr. Cruz is showing a lack of public character. He would rather play footsie with fringe theories
Remember Black Jesus? The Lightworker? The One? The next Lincoln, the Democrats’ Reagan, the neo-FDR? He is now standing next to Tricky Dick and Slick Willie, caught in a quartet of burgeoning scandals, charged with rewriting the facts when they became inconvenient, harassing the press, and using the Internal Revenue Service to get at his enemies, subverting their rights of assembly, and speech. “Richard Milhous Obama,” writes Carl M. Cannon, and there are also Clintonian levels of cover-ups, literally in the case of Hillary Clinton’s role in the Benghazi debacle. In The Presidents’ Club, Nancy Gibbs and Michael Duffy tell
Not counting rumors that Anthony Weiner’s marriage has hit a rocky patch, it may be the worst-kept secret in politics: Joe Biden wants to be president. On Monday, the Wall Street Journal reported that the vice president’s inner circle is swabbing the decks, battening down the hatches, and hoisting the mainsails for USS Bidenpalooza 2016. “Everyone involved in his world,” a Democratic official told the Journal, “is engaged in taking all the steps that make sense to prepare for a run, if he does run.” Biden’s people are apparently willing to go for it even if the allegedly inevitable nominee, Hillary
Earlier this month, U.S. District Court Judge Shira Scheindlin found New York City´s controversial stop-and-frisk policing practices unconstitutional, ordered immediate reforms and appointed a monitor to oversee them. Mayor Michael Bloomberg responded in a press conference that afternoon, claiming that Judge Scheindlin´s reforms would have a negative impact on the safety of New York families. "I worry for my kids and I worry for your kids," Bloomberg said. To his critics, it was a statement that exemplified the glaring disparity between the mayor´s rhetoric and his actual policy regarding the welfare of children. According to the New York Civil Liberties Union´s
Secretary of State John Kerry spent the last few weeks believing that U.S. policy in Egypt would best be served by negotiating with Interim Vice President Mohamed ElBaradei, the former United Nations diplomat from Vienna who resigned his post after just 30 days, said a senior U.S. State Department official in Cairo. “ElBaradei was the wrong guy to negotiate with, but ‘S’ believed he would be able to convince Mansour and [General] Sisi. State worked almost exclusively through the guy that ended up resigning after 30 days on the job,” said the official, denoting Secretary Kerry with the State Department’s standard,
Let’s be clear about the material swiped by the ex-CIA employee Edward Snowden and marketed by the radical journalist Glenn Greenwald and the documentarian Laura Poitras: The Snowden material was stolen. Yes, what Snowden put on thumb drives and took out of CIA computers were digital files, not jewelry or cash or weapons. No matter. By the very definition of thievery, he is a thief, pure and simple: He took things that didn’t belong to him. “Information wants to be free” is the mantra of some activists of the digital age, who believe technology has made the protection of intellectual property obsolete.But