Electronics retailer Circuit City is suffering as a result of the ongoing financial crisis, and taking a serious hit. As a result, in an attempt to escape bankruptcy, Circuit City will shut 155 stores in the US. Some will be happy as the closing stores will be holding sales starting Wednesday; however as a result the company is leaving more than 12 media markets!
According to Tech Trader: The struggling electronics retailer seems to be pushing hard to stay out of bankruptcy, but it is clearly going to be a difficult road. The company this morning announced that it will close 155 U.S. stores, all of which will close tomorrow and then re-open on Wednesday to start store-closing sales.
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Circuit City said that the stores that are closing generated FY 2008 sales of $1.4 billion; the store closings will result in the company exiting from a dozen media markets. The closings will reduce the company’s headcount by about 17%.
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Encouraged by the company’s cost-cutting moves, investors have bid up CC today by 9 cents, or 34.6%, to 35 cents.
Prowresting.net: The following report of Kurt Angle’s appearance on the Howard Stern Sirius satellite radio show was filed by Dot Net reader Jagger K.
This was one of the better Stern episodes since he came to Sirius because of the first time visit of Eric The Midget in studio. The way Kurt Angle got on the show was he delivered American Idol’s Diana DeGarmo, who is now involved with TNA. DiGarmo was always the object of affection from Eric The Midget, including Eric being known to call her mother at home requesting dates. Diana said she cannot say what her involvement is with TNA, but she will be appearing with them.
Palin was pranked by a Canadian radio station last night. The matter was reported by credible sources such as the MSNBC (Associated Press report) and commented upon by several blogs.
The prank comes at a critical time, when we are all counting down the hours to the US election, costing the Republicans much needed votes at the last minute. The matter is expected to receive significant coverage in Monday’s papers, and effect undecided voters.
Barack Obama knows nothing of the alleged immigration status of his aunt, known as “the illegal aunt” but believes that all appropriate laws should apply to her. With Republicans and media digging deep in the final hours to find a scandal wherever it may lie, the Obama camp seems unshaken with these stories. And if Obama has a relative who is trying hard to live the American dream- so what? The law is the law and that’s that!
Reuters – Democratic presidential nominee Barack Obamaknows nothing about the status of a Kenyan relative reported to be living in the United States illegally but believes “all appropriate laws should be followed,” his campaign said on Saturday.
The Obama campaign responded to an Associated Press report that Obama’s aunt had been ordered to leave the country four years ago by an immigration judge who rejected her request for asylum from her native Kenya.
A sudden surge in research of the term “Rex 84″ today sparked quite some fears and anxiety. After looking at this mysterious term on Google Trends, I did some research, which I learned that Rex 84 is a plan of the US government to be used in the case when it is necessary to “detain” large numbers of Americans in the case of civil unrest or emergency.
With just this basic info I wanted to know more. I then stumbled upon an article on Newpost Online: FEMA And REX 84: sounds too scary to be true! And quoting this very interesting article, we come to the essence of my fear and insecurity about this mere search engine phenomenon:
The scenarios established to trigger FEMA into action are generally found in the society today: economic collapse, civil unrest, drug problems, terrorist attacks, and protests against American intervention in a foreign country. All these premises exist, it could only be a matter of time in which one of these triggers the entire emergency necessary to bring FEMA into action, and then it may be too late, because under the FEMA plan, there is no contingency by which Constitutional power is restored.
According to Wikipedia: Rex 84, short for Readiness Exercise 1984, is a plan by the United States federal government to test their ability to detain large numbers of American citizens in case of civil unrest or national emergency.
Wikipedia continues at the end to mention that: In 2008, for the first time an active military unit has been given a dedicated assignment stateside for civil unrest containment. It is assigned to Northcom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.[7]
Senator Ted Stevens of Alaska has been found guilty of lying to the senate about gifts received by contractor Bill Allen. The oil services company gave $250,000 in gifts (at least that was what was officially uncovered) to the Senator. It is interesting to see what sort of punishment the Senator will actually get…
AP: Sen. Ted Stevens, R-Alaska, was convicted on all seven charges of making false statements on Senate financial documents about gifts he received from contractor Bill Allen, oil services company VECO Corp., and others.
The Hill: Ted Stevens, the longest-serving Senate Republican in history and patriarch of Alaska politics, was found guilty of felony charges for making false statements.The verdict could spell the end of a 40-year Senate career for a man who rose to be one of the most dominant figures in the upper chamber and who helped transform Alaska in its 50 years of statehood. The verdict was reached after the jury deliberated since Wednesday and found the 84-year-old senator guilty of failing to report more than $250,000 in gifts from Bill Allen, the former head of Veco Corp., and other friends.
The authorities have stopped two skinheads from carrying out a planned assassination attempt on Barrack Obama, just a few days before the Election which will determine whether Obama will be the first Black President of the United States of America. With a strong lead of nearly 10% in the polls, an assassination attempt on Obama is the fear of many and unfortunately the dreadful desire of a few.
AP: Law enforcement agents have broken up a plot by two neo-Nazi skinheads to assassinate Democratic presidential candidate Barack Obama and shoot or decapitate 88 black people, the Bureau of Alcohol, Tobacco Firearms and Explosives said Monday.
In court records unsealed Monday in U.S. District Court in Jackson, Tenn., federal agents said they disrupted plans to rob a gun store and target a predominantly African-American high school in a murder spree that was to begin in Tennessee. Agents said the skinheads did not identify the school by name.
A country singer has filed for bankruptcy. Trash. Apparently Morgan owed upto $10 million owning assets upto $1 million. So assuming she wasn’t into drugs and things like that – how do you possibly get a debt of that much money??? I mean, come on, even credit cards have limits! Anyways… Who rally cares? Trash News!
Associated Press: NASHVILLE, Tenn. (AP) — Country singer Lorrie Morgan has filed for bankruptcy for primarily business related debts, according to a court filing.
Morgan filed for Chapter 7 bankruptcy in federal court, listing her estimated liabilities between $1 million to $10 million. The bankruptcy filing showed her with assets of $500,000 to $1 million.
Apparently the NFL is full of players who use steroids (Bumetanide)… What a surprise! Now if only people would do drug tests on the US Olympic basketball team… The NFL is a good start, let’s see if it’s only one step forward in the battle against doping.
(PressZoom) – A report has surfaced today that several NFL players have violated the league’s steroid policy by using water pills or Bumetanide to help them lose weight. Players reported include Will Smith and Deuce McAllister who play for the New Orleans Saints football team. The report comes from station Fox 31 in Denver.
Another report from ESPN is that as many as 10 players have tested positive for substances that violate the NFL steroid policy.
AP: 
