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Click here to visit the new home of Politics Daily!What stories went viral last week? Here's a roundup from BuzzFeed. After years of declining revenue, Borders recently filed for bankruptcy and has been closing stores across the country. Despite the company's history of financial woes, the bookstore's decline has resulted in something no one expected: a literary revolution. As shops have closed down, hilarious passive aggressive signage and product displays have popped up. iffita / imgur.com As Borders stores have closed, passive aggressive notes like this one have been spotted and posted online. Tuesday marked the 50th ...
Borders, the bookstore chain that recently filed for Chapter 11 bankruptcy, is planning fire sales at approximately 200 soon-to-be-liquidated locations. "There will be opportunities for liquidation-type sales," Borders spokesman Donald Cutler told CNN today. "Specifications about them will be revealed in the coming days and weeks." The company, which was able to secure $505 million in financial reorganization funds, currently holds $1.28 billion in assets and $1.29 billion in debt. Here's the latest list of Borders store closings: Borders Closures For more Surge Desk coverage, check ...
It's a chapter no one wants to read. The Borders bookstore chain has filed for Chapter 11 bankruptcy protection, saying it holds $1.28 billion in assets and $1.29 billion in debt. Although it could not reach agreements with its creditors, the company was able to arrange $505 million in reorganization financing. Surge Desk reviews the big-picture impact of Borders' bankruptcy filing. 1. A loss for commercial landlords The Wall Street Journal reports that Borders' plan to shutter 30 percent of its stores during the reorganization is bad news for the commercial property industry, which was hit ...
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(Aug. 13) -- President Barack Obama is set to sign a $600 million border security bill today. The legislation was approved by the Senate Thursday and by the House on Tuesday in special August sessions. The money will be raised in part through increased visa fees for foreign personnel companies that bring skilled foreign workers to the U.S. -- with hikes from $320 to as high as $2,750 each, according to the Los Angeles Times. (India is not happy.) The fees will be levied on companies that hire 50 or more foreign workers or have half or more than half of their staff on foreign visas. Here's ...
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As a native Texan who grew up around immigrants and believes they are the hope of our country, I'm appalled by this law. I understand the frustration of Arizonans, but as a nation we need to recognize the war taking place on our southern border. We can't "wish away" organized crime. America had it in the 1930s, and Mexico has it now. It's real, it's powerful, and innocent people are rightfully terrified. America likes to think of itself as a civilized and generous nation. If that's what we are, we should give Mexicans a legal way to immigrate quickly in massive numbers -- with federal help ...
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Due to global warming, Switzerland may be losing huge swaths of the glaciers that have long covered the Alps, but as of Wednesday it's also gained approximately 150 meters of Italian territory. Bloomberg reports that, after the Swiss announced that rising temperatures in the Alps had shifted the landmarks dividing Switzerland from Italy, the two nations agreed to draw new lines using ridges formed by the melting snow and ice. Officials at the Swiss topography office have been watching the landscape along the border since March, when they first warned that the terrain was changing so fast that ...
So who among my fellow conservatives thought McCain actually learned his lesson and was out to "secure the borders first" which has been his mantra since he realized that this one issue nearly killed his chances. Did you really think that someone as bull headed and determined as John McCain would actually, you know, change his mind. Because now that he's the nominee, he's singing a different tune. (HT to Kaus) "I believe we have to secure our borders, and I think most Americans agree with that, because it's a matter of national security. But we must enact comprehensive immigration reform. ...
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