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CVS, Payless and Victoria's Secret are just some of the brands closing stores in 2019 -

CVS, Payless and Victoria's Secret are just some of the brands closing stores in 2019While 2019 is on track to be a record year for store closings, it's not expected to bring the same amount of empty retail space as last year.


Mon, 20 May 2019 18:42:17 -0400

Eiffel Tower climber in custody after daring ascent -

Eiffel Tower climber in custody after daring ascentRescuers successfully talked down a man who scaled the upper heights of the Eiffel Tower on Monday, forcing the monument's evacuation, and handed him over to police. Television channels ran live shots as rescuers perched on the 324-metre (1,063-foot) tower's wrought-iron struts, just below the highest viewing platform, tried to persuade the unknown man to give himself up. The lattice tower, named after its designer and builder Gustave Eiffel, is one of the world's most recognisable landmarks.


Mon, 20 May 2019 18:38:43 -0400

DOJ Office of Legal Counsel Concludes Congress Can’t Force McGahn to Testify -

DOJ Office of Legal Counsel Concludes Congress Can’t Force McGahn to TestifyIn an opinion released Monday, the Department of Justice's Office of Legal Counsel ruled that former White House counsel Donald McGahn is "not legally required" to testify to Congress on matters related to Special Counsel Robert Mueller's report."The immunity of the President's immediate advisors from compelled congressional testimony on matters related to their official responsibilities has long been recognized and arises from the fundamental workings of the separation of powers," the opinion stated.McGahn featured prominently in Mueller's final report, released last month. His assertion that President Trump directed him to have the Justice Department fire Mueller drew particular attention as an instance in which Trump may have attempted to obstruct justice. In the days following, House Judiciary Committee chairman Jerry Nadler subpoenaed him for documents and testimony related to that claim.Mueller ultimately found that the Trump campaign had not colluded with Moscow to influence the 2016 presidential election, but refrained from reaching a conclusion on whether the president obstructed justice during the investigation.White House Press Secretary Sarah Huckabee Sanders cited the memo Monday and said the administration has directed McGahn to "act accordingly" with the DOJ's statement."This action has been taken in order to ensure that future Presidents can effectively execute the responsibilities of the Office of the Presidency," Sanders said in a press release. "The Democrats do not like the conclusion of the Mueller investigation - no collusion, no conspiracy, and no obstruction - and want a wasteful and unnecessary do-over."


Mon, 20 May 2019 16:51:52 -0400

Elon Musk: Tesla needs to cut costs or it will run out of money in 10 months -

Elon Musk: Tesla needs to cut costs or it will run out of money in 10 monthsDefying skeptics, Tesla during the September quarter of 2018 actually managed to turn a profit of $312 million thanks to strong demand for the mass market Model 3. Tesla's profits for the quarter were far from staggering, but it nonetheless instilled faith that the electric automaker was on a path towards financial viability.Just a few months later, the narrative surrounding Tesla has drastically shifted. When the company last month released its earnings report for the March quarter, it posted a quarterly loss of $702 million. That said, it's worth noting that production, deliveries, and demand for Tesla vehicles have all grown at an impressive clip over the past many months. As an illustrative example, Tesla during Q1 of 2019 manufactured 77,100 vehicles, a figure which well more than double the amount it manufactured during the same quarter in 2018.Nonetheless, Tesla continues to burn through money at an alarming rate. So much so, in fact, that Tesla CEO Elon Musk recently sent an email (obtained via Electrek) wherein the Tesla CEO explained that the company -- which has approximately $2.2 billion in cash on hand -- may not have enough cash to last beyond a period of 10 months."This is a lot of money," Musk said, "but actually only gives us about 10 months at the Q1 burn rate to achieve breakeven!"Consequently, Musk explained that the company will be taking a much closer look at employee expenses as it pertains to "parts, salary, travel expenses, and rent."Musk conceded that the soon to be implemented cost-cutting measures are "hardcore," adding that it's the "only way for Tesla to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable."This isn't the first time Musk has rung the alarm bells about drastically cutting costs, but it remains to be seen what the company can do within a 10-month timeframe.


Mon, 20 May 2019 14:06:56 -0400

Columbine Survivor Austin Eubanks, 37, Dies at Home -

Columbine Survivor Austin Eubanks, 37, Dies at HomeAustin Eubanks, a survivor of the 1999 Columbine shooting, has died. He was 37. According to Austin's family, he lost the battle with the very disease he fought so hard to help others face.


Mon, 20 May 2019 13:35:55 -0400


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