Sears may be the next legacy retailer to file for bankruptcy, with a stock price hovering at just over $2 per share and billions of dollars of debt. CEO Eddie Lampert acknowledges the long odds, and some of his errors, in a rare sit-down with Vanity Fair:
A Fox News poll released on Sunday found that the Democrats only have a five-point lead over Republicans on a generic ballot ahead of this fall’s midterm elections — 46% to 41%. In the same poll conducted last October, Democrats held a 15-point advantage over Republicans, leading 50% to 35%.
The big picture: One of the pollsters who conducted the poll called it "a gauge of perceptions month to month," calling its "predictive power" this far out from Election Day "dubious." But it's worth noting that even a 5-point lead nationwide could still lead to huge gains in the House for Democrats — as Republicans held a 4-point edge in the poll in March 2010 and ultimately picked up 63 seats that fall.
Barry Diller, chairman of mega-media and internet company IAC, told the New York Times he thinks "all men are guilty," when it comes to "the spectrum" of the #MeToo movement. Per NYT, Diller said:
"I hope in the future for some form of reconciliation. Because I think all men are guilty. I’m not talking about rape and pillage. I’m not talking about Harveyesque. I’m talking about all of the spectrum. From an aggressive flirt. Or even just a flirty-flirt that has one sour note in it. Or what I think every man was guilty of, some form of omission in attitude, in his views."
Why it matters: The #MeToo movement has rocked Hollywood and the media industry. Diller told NYT he sees the effects of this "in our companies, where the relationships between people are changing."
The backlash to globalization is coming "at exactly the wrong time," the New York Times reports.
Why it matters: President Trump's new tariffs, on steel and aluminum and most recently against China, are working to "re-set the terms of the global economy," the NYT reports. But the globalization the world is seeing today is not focused on goods and services, but "greater connectivity and communication."
