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RuPaul speaks about society and the state of drag as performance art

Saturday, October 6, 2007

Few artists ever penetrate the subconscious level of American culture the way RuPaul Andre Charles did with the 1993 album Supermodel of the World. It was groundbreaking not only because in the midst of the Grunge phenomenon did Charles have a dance hit on MTV, but because he did it as RuPaul, formerly known as Starbooty, a supermodel drag queen with a message: love everyone. A duet with Elton John, an endorsement deal with MAC cosmetics, an eponymous talk show on VH-1 and roles in film propelled RuPaul into the new millennium.

In July, RuPaul’s movie Starrbooty began playing at film festivals and it is set to be released on DVD October 31st. Wikinews reporter David Shankbone recently spoke with RuPaul by telephone in Los Angeles, where she is to appear on stage for DIVAS Simply Singing!, a benefit for HIV-AIDS.


DS: How are you doing?

RP: Everything is great. I just settled into my new hotel room in downtown Los Angeles. I have never stayed downtown, so I wanted to try it out. L.A. is one of those traditional big cities where nobody goes downtown, but they are trying to change that.

DS: How do you like Los Angeles?

RP: I love L.A. I’m from San Diego, and I lived here for six years. It took me four years to fall in love with it and then those last two years I had fallen head over heels in love with it. Where are you from?

DS: Me? I’m from all over. I have lived in 17 cities, six states and three countries.

RP: Where were you when you were 15?

DS: Georgia, in a small town at the bottom of Fulton County called Palmetto.

RP: When I was in Georgia I went to South Fulton Technical School. The last high school I ever went to was…actually, I don’t remember the name of it.

DS: Do you miss Atlanta?

RP: I miss the Atlanta that I lived in. That Atlanta is long gone. It’s like a childhood friend who underwent head to toe plastic surgery and who I don’t recognize anymore. It’s not that I don’t like it; I do like it. It’s just not the Atlanta that I grew up with. It looks different because it went through that boomtown phase and so it has been transient. What made Georgia Georgia to me is gone. The last time I stayed in a hotel there my room was overlooking a construction site, and I realized the building that was torn down was a building that I had seen get built. And it had been torn down to build a new building. It was something you don’t expect to see in your lifetime.

DS: What did that signify to you?

RP: What it showed me is that the mentality in Atlanta is that much of their history means nothing. For so many years they did a good job preserving. Don’t get me wrong, I’m not a preservationist. It’s just an interesting observation.

DS: In 2004 when you released your third album, Red Hot, it received a good deal of play in the clubs and on dance radio, but very little press coverage. On your blog you discussed how you felt betrayed by the entertainment industry and, in particular, the gay press. What happened?

RP: Well, betrayed might be the wrong word. ‘Betrayed’ alludes to an idea that there was some kind of a promise made to me, and there never was. More so, I was disappointed. I don’t feel like it was a betrayal. Nobody promises anything in show business and you understand that from day one.
But, I don’t know what happened. It seemed I couldn’t get press on my album unless I was willing to play into the role that the mainstream press has assigned to gay people, which is as servants of straight ideals.

DS: Do you mean as court jesters?

RP: Not court jesters, because that also plays into that mentality. We as humans find it easy to categorize people so that we know how to feel comfortable with them; so that we don’t feel threatened. If someone falls outside of that categorization, we feel threatened and we search our psyche to put them into a category that we feel comfortable with. The mainstream media and the gay press find it hard to accept me as…just…

DS: Everything you are?

RP: Everything that I am.

DS: It seems like years ago, and my recollection might be fuzzy, but it seems like I read a mainstream media piece that talked about how you wanted to break out of the RuPaul ‘character’ and be seen as more than just RuPaul.

RP: Well, RuPaul is my real name and that’s who I am and who I have always been. There’s the product RuPaul that I have sold in business. Does the product feel like it’s been put into a box? Could you be more clear? It’s a hard question to answer.

DS: That you wanted to be seen as more than just RuPaul the drag queen, but also for the man and versatile artist that you are.

RP: That’s not on target. What other people think of me is not my business. What I do is what I do. How people see me doesn’t change what I decide to do. I don’t choose projects so people don’t see me as one thing or another. I choose projects that excite me. I think the problem is that people refuse to understand what drag is outside of their own belief system. A friend of mine recently did the Oprah show about transgendered youth. It was obvious that we, as a culture, have a hard time trying to understand the difference between a drag queen, transsexual, and a transgender, yet we find it very easy to know the difference between the American baseball league and the National baseball league, when they are both so similar. We’ll learn the difference to that. One of my hobbies is to research and go underneath ideas to discover why certain ones stay in place while others do not. Like Adam and Eve, which is a flimsy fairytale story, yet it is something that people believe; what, exactly, keeps it in place?

DS: What keeps people from knowing the difference between what is real and important, and what is not?

RP: Our belief systems. If you are a Christian then your belief system doesn’t allow for transgender or any of those things, and you then are going to have a vested interest in not understanding that. Why? Because if one peg in your belief system doesn’t work or doesn’t fit, the whole thing will crumble. So some people won’t understand the difference between a transvestite and transsexual. They will not understand that no matter how hard you force them to because it will mean deconstructing their whole belief system. If they understand Adam and Eve is a parable or fairytale, they then have to rethink their entire belief system.
As to me being seen as whatever, I was more likely commenting on the phenomenon of our culture. I am creative, and I am all of those things you mention, and doing one thing out there and people seeing it, it doesn’t matter if people know all that about me or not.

DS: Recently I interviewed Natasha Khan of the band Bat for Lashes, and she is considered by many to be one of the real up-and-coming artists in music today. Her band was up for the Mercury Prize in England. When I asked her where she drew inspiration from, she mentioned what really got her recently was the 1960’s and 70’s psychedelic drag queen performance art, such as seen in Jack Smith and the Destruction of Atlantis, The Cockettes and Paris Is Burning. What do you think when you hear an artist in her twenties looking to that era of drag performance art for inspiration?

RP: The first thing I think of when I hear that is that young kids are always looking for the ‘rock and roll’ answer to give. It’s very clever to give that answer. She’s asked that a lot: “Where do you get your inspiration?” And what she gave you is the best sound bite she could; it’s a really a good sound bite. I don’t know about Jack Smith and the Destruction of Atlantis, but I know about The Cockettes and Paris Is Burning. What I think about when I hear that is there are all these art school kids and when they get an understanding of how the press works, and how your sound bite will affect the interview, they go for the best.

DS: You think her answer was contrived?

RP: I think all answers are really contrived. Everything is contrived; the whole world is an illusion. Coming up and seeing kids dressed in Goth or hip hop clothes, when you go beneath all that, you have to ask: what is that really? You understand they are affected, pretentious. There’s nothing wrong with that, but it’s how we see things. I love Paris Is Burning.

DS: Has the Iraq War affected you at all?

RP: Absolutely. It’s not good, I don’t like it, and it makes me want to enjoy this moment a lot more and be very appreciative. Like when I’m on a hike in a canyon and it smells good and there aren’t bombs dropping.

DS: Do you think there is a lot of apathy in the culture?

RP: There’s apathy, and there’s a lot of anti-depressants and that probably lends a big contribution to the apathy. We have iPods and GPS systems and all these things to distract us.

DS: Do you ever work the current political culture into your art?

RP: No, I don’t. Every time I bat my eyelashes it’s a political statement. The drag I come from has always been a critique of our society, so the act is defiant in and of itself in a patriarchal society such as ours. It’s an act of treason.

DS: What do you think of young performance artists working in drag today?

RP: I don’t know of any. I don’t know of any. Because the gay culture is obsessed with everything straight and femininity has been under attack for so many years, there aren’t any up and coming drag artists. Gay culture isn’t paying attention to it, and straight people don’t either. There aren’t any drag clubs to go to in New York. I see more drag clubs in Los Angeles than in New York, which is so odd because L.A. has never been about club culture.

DS: Michael Musto told me something that was opposite of what you said. He said he felt that the younger gays, the ones who are up-and-coming, are over the body fascism and more willing to embrace their feminine sides.

RP: I think they are redefining what femininity is, but I still think there is a lot of negativity associated with true femininity. Do boys wear eyeliner and dress in skinny jeans now? Yes, they do. But it’s still a heavily patriarchal culture and you never see two men in Star magazine, or the Queer Eye guys at a premiere, the way you see Ellen and her girlfriend—where they are all, ‘Oh, look how cute’—without a negative connotation to it. There is a definite prejudice towards men who use femininity as part of their palette; their emotional palette, their physical palette. Is that changing? It’s changing in ways that don’t advance the cause of femininity. I’m not talking frilly-laced pink things or Hello Kitty stuff. I’m talking about goddess energy, intuition and feelings. That is still under attack, and it has gotten worse. That’s why you wouldn’t get someone covering the RuPaul album, or why they say people aren’t tuning into the Katie Couric show. Sure, they can say ‘Oh, RuPaul’s album sucks’ and ‘Katie Couric is awful’; but that’s not really true. It’s about what our culture finds important, and what’s important are things that support patriarchal power. The only feminine thing supported in this struggle is Pamela Anderson and Jessica Simpson, things that support our patriarchal culture.
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On the campaign trail in the USA, October 2020

Monday, November 2, 2020

The following is the sixth and final edition of a monthly series chronicling the 2020 United States presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

This month’s spotlight on the campaign trail: the Free and Equal Elections Foundation holds two presidential debates, three candidates who did not participate in those debates give their final pleas to voters, and three political pundits give their predictions on the outcome of the election.

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bookmark_borderGooseneck Lights Create Sleek Presentation To Every Signs

Gooseneck Lights Create Sleek Presentation to every Signs

by

Jeffrey Zaragosa

Even in medieval era light was an important facets of daily existence, in fact with its presence complicated and tedious tasks became simple and manageable. Nowadays, there is a steady increased in market demand for various lighting ideas. Technological advancement has paved way for the development of modern lights, which has influenced a lot of light suppliers and manufacturers to create a more distinctive type of lighting concepts. Such revolutionary growth has paved way for the existence of gooseneck lights, which is considered an excellent solution to brighten up signs, banners and other places. Its ultra modern finish made it one of the top sellers in light making industry.

[youtube]http://www.youtube.com/watch?v=bt8YFCveNpY[/youtube]

This technological era has brought with it the evolution of highly advanced products that includes Gooseneck Lighting or typically known as Architectural RLM lights. Expert craftsmen from different parts of the world have convened to create well defined designs of gooseneck light, which can be mounted above or to other sides of the signs. Through the years, gooseneck lights manufacturers have produced thousands of such variety with distinctive chic look. Moreover, gooseneck lights have a long shepherd hook shaped extensions that can give elegant illumination not only to a particular sign but as well as to the entire places where it is being lit. With wide variety of gooseneck arms extensions, customers would literally enjoy its numerous gooseneck lighting patterns. Some of the popular types of outdoor gooseneck lights are incandescent exterior gooseneck lights, compact fluorescent exterior gooseneck lights or metal halide exterior gooseneck lights. Most outdoor gooseneck lighting is basically made form durable aluminum with powder coated mat finish for protection against harsh outdoor conditions. It is likewise available in a wide range of reflectors that typically vary from 7 inches, 8 inches, 10 inches and 12 inches reflectors, which are securely mounted to different arm extensions. These can as well be availed in various shades such as angel, emblem and warehouse shades. Most commercial establishments such as hotels, barns or restaurants have displayed an attractive gooseneck outdoor lighting to illuminate the place as well as to give greater visibility to each of its particular products or services. Its modern sleek look would generally enhance the panorama of the whole environment, which may perhaps entice potential customers to visit and stay in such particular areas. Such reality could be the best avenue to promote and increased business sales and profit. Indeed, gooseneck lights will always be a timeless element of contemporary living.

Jeffrey Zaragosa is an author for Sign Bracket Store. He gives tips and information on unique signage ideas for your store or business with an emphasis on lighting products such as,

Gooseneck lighting

,

Gooseneck lights

,

Gooseneck Outdoor lighting

and sign blanks.

Article Source:

ArticleRich.com

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Michael Moore’s new film ‘Sicko’ leaked via P2P

Thursday, June 14, 2007

A number of reports confirm that Michael Moore’s forthcoming documentary has been leaked onto Peer-to-peer networks. This is the second pre-release leak in a month of a film from Lionsgate Studios.

The movie, SiCKO contrasts the U.S. healthcare system with that of several other countries and includes a trip to Cuba for which Moore is being investigated. The investigation by the Office of Foreign Assets Control within the United States Department of the Treasury is looking into whether Moore has violated United States embargo against Cuba, which has been in effect since 1962 and codified in 1992.

Moore has, according to agency reports, stored a copy of the original film in Canada as a result of the Federal investigation by the Treasury department. His concern is that an attempt may be made to confiscate the section of the film shot in Cuba.

According to Associated Press, David Boies, attorney for Michael Moore, believes the targeting of Moore for his unauthorised trip to Cuba may be the result of the criticism of the current administration in such films as Fahrenheit 9/11.

Tuesday Moore was seen at two pre-release screenings of the movie in Sacramento, California. His audiences were a group of politicians and a number of nurses, each attending their own screening.

The movie opens with a cold statistic that approximately 45 million Americans are without healthcare insurance. It continues by giving examples of people with healthcare insurance who have been denied all or part of their treatment for technical reasons. As well as getting thousands of responses from people who had problems with their insurance he received information from people working inside Health maintenance organizations and ex-employees who claim the system is set up to provide the minimum care and the maximum profit to the company.

The segment of the film that triggered the Federal investigation is his trip to Cuba with a number of people who relate their experiences with healthcare. Among these are several volunteer workers who worked at ground zero following the September 11 attacks on the World Trade Center. These people claim to have been refused aid from the fund set up for 9/11 workers and were thus unable to afford their required treatment. After an attempt to obtain treatment at Guantanamo Bay detention facility – which Moore described as the only place on U.S. soil where there is “socialised medicine” – they seek out a hospital in Havana. All are checked and treated free of charge. One woman discovers that an inhaler for her respiratory problems costs approximately five cents in Cuba compared to 120 dollars in the U.S.

Health insurance companies, speaking through their trade group America’s Health Insurance Plans (AHIP), are critical of the film, which calls for healthcare similar to that of Canada, France, or the UK. “We need a uniquely American solution in which the public and private sectors work together to make sure that everyone has high-quality, affordable healthcare,” said Karen Ignagni, president of AHIP, on Wednesday.

The film is scheduled for wide release in the U.S. and Canada on June 29, 2007.

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Abducted Richmond Hill, Ontario man walks into police station

Friday, November 3, 2006

A Richmond Hill, Ontario man is currently released after he was abducted and escaped last night.

Chee Kian Jeff Chan, 28, was forced by three people into a black Mercedes SUV (which was caught on security camera) in the parking garage of his condominium at 23 Oneida Cresant in the Yonge Street and High Tech Road area. A small amount of blood was found at the scene. He was dropped off at an unnamed location in Toronto Wednesday night.

The suspects were wearing black clothes and balaclavas covering their faces at the time of the incident. The licence plate number of the Mercedes SUV is not known because there was no plate on the front of the vehicle.

Chan walked into the Major Mackenzie Dr. W. police station, at about 6:45 p.m. last night, suffering from injuries and went to a hospital for examination.

York Regional Police say that he is a poker player, after hearing about a man with the same name that took seventh place at the River Rock Casino Resort near Vancouver, British Columbia on November 19, 2005, earning him $44,753.

No ransom note was received and police believe that it was an extortion attempt.

“He was unaware of a lot of things during his ordeal,” Constable Laurie Perks said. “He didn’t know what they looked like. His vision was concealed and so he therefore didn’t know where he was through most of his ordeal.”

It is believed that Chan’s three captors released him after 28 hours because of the media coverage surrounding his disappearance.

The investigation is still ongoing.

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bookmark_borderHow Can A Home Loan Bring The Most Value To My Home?

By Joseph Kenny

It is true that you can use the equity in your home as a way to get a secured loan for home improvement. In fact, it is being used now as a common way for people to get money to make their home improvements and fill some of their dreams. In order to get the best value out of your equity, not every home project will work. Here is how you can get the home equity you need and make those improvements that make a valuable addition to your home.

If you have lived in your home for a few years, then you most likely have some equity in it. Two of the most common ways to get to that money, is by either refinancing your first mortgage and getting a cash out mortgage, or by getting a second mortgage with a home equity loan or a home equity line of credit.

Your circumstances will determine what is the best for you. The interest rate, though, on a first mortgage is usually lower than a second mortgage, and if you have an adjustable rate mortgage now, you may be looking to refinance and getting into a stable fixed rate mortgage. On the other hand, you may only want to get enough money for your project, and can afford an additional payment from a second mortgage. You will certainly then want to consider a home equity line of credit in which you can draw out only as much as you need, and will only pay interest on that amount.

[youtube]http://www.youtube.com/watch?v=HqSMiEMZfp8[/youtube]

The best thing about a home loan that increases the value of your home is that the money used for that purpose is also tax deductible. This means that you are actually paying less for it than the interest rate you are given. Plus, your home is gaining in value – if you do the right projects.

Although, you certainly can do anything you want with the cash out of your home’s equity, putting at least some of it back into your home is your best possible move. Currently, there also are some specific things that will give your home the best return in increased value. It is possible that they may not be what you think. These things include hi-tech renovations to your kitchen or bathroom, adding siding to your home, or adding an addition – such as a bedroom.

Before you go and sign up for the first home loan that you can find, you should do some homework first. There are some scams out there, and it will take some knowledge on your part to avoid them. Use mortgage calculators to determine the actual cost over the long term, and get several comparison quotes. Watch out for any early payoff penalties.

Another thing that you want to avoid is private mortgage insurance. This can be avoided by not borrowing more than 80% of your home’s value – if you are refinancing a first mortgage.

Finally, you should check – before you get a secured home loan, if the value of homes in your area is going up or down. This will let you know whether or not you can expect to recover some of your investment when you sell the house. You can find this out by talking to a Realtor in you neighborhood. If homes are losing their value around you, you may want to reconsider.

About the Author: Joe Kenny writes for the UK Loans Store, offering personal loans, or search the latest secured personal loans offers online now. Visit today: Loans from UK Loan Store

Source: isnare.com

Permanent Link: isnare.com/?aid=160471&ca=Finances

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SAHTECH, SEMI, and Semiconductor Industry to promote “SEMI Safety Guideline” in Taiwan

Wednesday, April 2, 2008

“Localization of ‘SEMI Safety Guideline'”, executed by Safety and Health Technology Center of Taiwan (SAHTECH) and supervised by Semiconductor Equipment and Materials International (SEMI), was announced today in Hsinchu, Taiwan.

This localization included several fields on health and safety of semiconductor manufacturing, certification testing on electrical devices, evaluations on fire or natural diseases, and environmental issues on semiconductor manufacturing devices, etc.. Companies and manufacturers from the semiconductor industry also paid more attentions on this guideline because issues on carbon-savings, earthquakes, fire diseases, and environment-efficiencies were included into this guideline.

This [safety] guideline was originally promoted by SEMI since 1975 and was set up according to industry infrastructures in Europe, America, Korea, Japan, and Taiwan. Currently, its standards from the S1 to S25 was completely ruled by several world-class executives in semiconductor industry, and the S26 standard for FPD industry, proposed in Taiwan, was also in several arrangements with the other countries.
The semiconductor industry is a high-value industry in every country. If a fabrication plant (fab) was vandalized with fire or earthquake, how will a company decrease its lossless after a disease? As of some examples from the other countries, several companies didn’t pay more attentions on devices’ safety and finally got a damn trouble on counting lossless after a disease. By the way, voltages on electric using will take effect on energy especially the wasting of CO2. We [the semiconductor industry in Taiwan] hope this announcement will drive on global safety standards.
Generally, the designs of a fab will take effect on possibilities when a disease take place in, and its scale will chain much wasting on manufacturing devices and materials. For example, when using fluorine in a fab, a company would consider using a gas tank car rather than a steel bottle. But due to environment and carbon-saving issues, some evaluations should be tested in a fab.

On the other side of the incoming trade show of 2008 SecuTech Expo, scheduled after 2 weeks at Taipei World Trade Center, not only main fields on security devices, information security, and fire & disease preventions, the digital monitoring will be a hot topic in security industry. For applications on fire & disease preventions, because its issues contained industrial applications and ESH (Environmental, Safety & Health) managements, if a company want to decrease the ratio of fire disease or earthquake, companies from safety and related industries should pay more attentions on disease preventions.

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Wikinews interviews 2020 Melbourne Lord Mayor Candidate Wayne Tseng

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.

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bookmark_borderFinding The Right Hair Loss Treatment In Lancaster, Pa

byAlma Abell

Making sure that you maintain a great physical appearance should be a top priority for you and something that you strive to achieve on a consistent basis. There are a variety of different things that you can do to make sure you stay looking your best, but none are more important than keeping your hair top form. For some men, male pattern baldness is just something that they have to deal with, but there are some treatments out there that can help. In order to find the right treatment, you will need to do some thorough research. Here are a few tips on finding the right hair loss treatment in Lancaster, PA.

Assessing Your Needs is Important

The first thing that has to happen when trying to find the right hair treatment is the assessing of what your needs are. There are treatments out there that are targeted to certain types of baldness, so you need to make sure you get exactly what you need. Make sure that you talk with a professional in the business to get some advice on what is the best treatment for you and the type of balding that you are experiencing.

What Can You Afford?

Another important factor that you have to weigh when choosing the right hair loss treatment in Lancaster, PA is the budget that you have. Some of the treatments on the market are very expensive and if you are not careful you can put yourself in a financial bind. You need to sit down and come up with a firm budget so you know what you can afford when going in to peruse the different treatments. Make sure that you inform that person helping you find your treatment how much you have to spend so they can limit the treatments that they show you.

When in need of hair loss treatment in Lancaster, PA, be sure to contact the team at BeBalanced Center. They have the treatments that you need at the budget friendly price that you need. Visit the website for more information on the various treatments that they can offer you.

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US toy retail giant Toys R Us files for bankruptcy in US, Canada

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.

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