AMC needs $750M to avoid bankruptcy

first_imgAMC Entertainment Holdings CEO Adam Aron (Getty)Movie theater chain AMC Entertainment Holdings needs a cash infusion of at least $750 million, otherwise it might have to file for bankruptcy.AMC said in a filing on Friday that without additional financing, the company will run out of cash by next month, Bloomberg News reported. In order to raise funds, the company is planning to sell more shares and possibly get financing from European sources. It is also making deals with its debt holders, including Mudrick Capital Management.The company wants to avoid bankruptcy since that would wipe out current stockholders’ positions.The company had about $320 million in cash on hand as of November, down from $418 million in September. AMC was spending an average of about $125 million per month in October and November.The pandemic has pummeled AMC’s business: Attendance at the chain’s U.S. locations fell 92 percent in the fourth quarter from the same time period a year ago. The company closed some of its theaters, and in cities like New York and Los Angeles, those cinemas have not been able to reopen.To help keep it afloat, the company signed a commitment letter with Mudrick Capital that would allow the investment firm to buy $100 million of new AMC-issued bonds. Mudrick would then receive a commitment fee equal to more than 8 million shares in the company.AMC is also negotiating rent relief with its landlords, since it has over $400 million of deferred rent coming due in 2021, according to Bloomberg.[Bloomberg]  — Keith Larsen TagsbankruptcyCommercial Real EstateRetail Real Estate Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Share via Shortlinklast_img read more

Statistical characteristics of the spatial distribution of Pc3-4 geomagnetic pulsations at high latitudes in the Antarctic regions

first_imgThe diumal variations in the parameters of Pc3 (20–60 mHz) and Pc4 (10–19 mHz) pulsations at latitudes of the dayside cusp and polar cap have been studied using data of the magnetic stations of the trans-Antarctic meridional profile for the time interval from January to March 1997 (local summer) under weakly disturbed geomagnetic conditions (AE ≤ 250 nT). The technique for estimating pulsation parameters is based on the separation of the wave packets and noise. The diumal variations in the hourly average parameters of the wave packets in the Pc3 and Pc4 bands and noise in the Pc3-4 band (10–60 mHz)—the average number of wave packets, energy of wave packets and noise, and energy of a single wave packet—turned out to be different for the stations located deep in the polar cap (Φ ∼ 87°) and at the latitudes of the dayside polar cusp (Φ ∼ 70°) and auroral oval (Φ ∼ 66°). Several sources of pulsations caused by different channels of wave energy penetration into the magnetosphere through the dayside cusp, dayside magnetopause, and dawn flank of the magnetotail apparently exist at high latitudes.last_img read more

New UVU Men’s Soccer Recruit Named As Gatorade Player of the Year

first_img Written by Brad James Tags: Carter Johnson/Gatorade/Lucas Cawley/Thomas Loomis/UVU Men’s Soccer June 11, 2018 /Sports News – Local New UVU Men’s Soccer Recruit Named As Gatorade Player of the Year FacebookTwitterLinkedInEmailCHICAGO-Per an announcement Monday, incoming Utah Valley men’s soccer player Carter Johnson has been named as Gatorade’s Utah Boys Soccer Player of the year, which is in its 33rd year of honoring the best high school athletes in the nation.Johnson, a product of Herriman High School, received an award honoring outstanding athletic excellence as well as high standards of academic achievement and exemplary character demonstrated both on and off the field.The 5’11” 165-pound senior amassed 21 goals and 22 assists this past season as he led the Mustangs to the Class 6-A state finals. Johnson was named Mr. Soccer by the Deseret News and is a two-time first team all-state and all-region selection.Johnson maintained a 4.0 GPA in the classroom and was named as his graduating class’s valedictorian.Other Wolverines on the roster to be named as Gatorade Boys Soccer player of the year recipients include Lucas Cawley and Thomas Loomis.last_img read more

Israel to give some coronavirus vaccines to Palestinians

first_imgJERUSALEM (AP) — Israel Defense Minister Benny Gantz’s office says Israel has agreed to transfer 5,000 doses of the coronavirus vaccine to the Palestinians to immunize front-line medical workers. The announcement Sunday is the first time that Israel has confirmed the transfer of vaccines to the Palestinians. Israel is one of the world’s leaders in vaccinating its population after striking procurement deals with international drug giants Pfizer and Moderna. The Palestinians have not begun to vaccine their people.last_img read more

Mountain Mama

first_imgStanding at the counter of a café I frequent while writing, I glanced down and saw a case of Ally’s Bars. Sweet potato. I picked up the green package and read the other ingredients, which pretty much described the contents of my grocery list – quinoa, banana, dark chocolate, flax seeds, and almonds. I ate it for breakfast and was surprised that it actually filled me up and tasted as good as it sounds.Ally Stacher, the professional cyclist who created the bar, lives in Western North Carolina. I caught up with Ally over coffee, although that’s the last thing this always-in-motion-palpable-kinetic-energy woman appears to need.ALLY's BAR-051Mountain Mama: Have you always been adventurous?I grew up in Etna, a small town nestled between the mountains and rivers of Northern California. Even as a child, I never said no to an adventure. From rodeo to wrestling to hunting with my dad, I leaped at the chance to try something new. I’ve killed a bigger buck than any guy I’ve ever dated.Mountain Mama: How has biking influenced you as a business owner?Cycling taught me to work hard. As a professional cyclist, excuses and short-cuts don’t cut it. It’s been scary to take the leap of going to manufacturer my bars, but I’ve got an incredible team surrounding me. Nobody has been down at the same time, so we’ve always been able to encourage one another at the right time.Mountain Mama: How do you balance running your business with cycling at the pro level?Ally’s Bars started back in 2013 and for a while I was traveling back and forth between racing in Europe and running the business in the States. I was spread too thin. In October 2014 we began manufacturing the bars. We chose Oregon because we found a gluten-free manufacturer there that treated employees well and sourced organic ingredients. It was all the things we were looking for.I still ride all the time. I make deliveries to the hundred stores that carry Ally’s bars. You know that song, My Head is a Jungle? That describes me. I’m happiest when I’m busy.These days I spend more time on the trails than the road. In May I placed third in Mountain Bike Nationals held in Augusta, Georgia. It was a tough course and I crashed a couple times so I was pleased to place at all, although nobody likes to be second place’s loser.Alley2Mountain Mama: What’s your stress management strategy?I go for a bike ride and deal with it. Cycling has taught me how to deal with ordeals and everything is better after a long ride.Mountain Mama: What’s your biggest obstacle?Not having enough hours in a day. Getting enough stuff done. All of team members have multiple projects that we’re trying to grow at same time grow Ally’s bars.Mountain Mama: Where do you see yourself in five years from now?I’d like to have Ally’s Bars sold in 500 stores nationwide. Right now we’re in a hundred stores, Earthfare, biking and running stores, some cafes. We started at 30 stores in January. I’d like to offer three to five flavors by then. We’re launching two new flavors this summer. I’d tell you what they are, but it’s a secret.last_img read more

Netflix Stranger Things Season Two Returning 2017

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Netflix announced Wednesday via an ominous trailer on YouTube and social media that Season Two of its beloved sci-fi/paranormal thriller Stranger Things will be coming in 2017.I’ll repeat that: Netflix has announced Stranger Things Season Two is slated for 2017! Stranger Things, a glorious homage to dozens of cult classics and their masterminds—from Steven Spielberg and George Lucas to John Carpenter and Stephen King—is set in the 1980s in a fictional Indiana town called Hawkins and concerns such intriguing prospects as secret government experiments, abductions, telekinesis, and interdimensional vortexes that harbor really, really horrifying creatures.Starring Winona Ryder, David Harbour and Matthew Modine, among its amazing cast, Stranger Things infuses the terrifying facets of horror with the fantastical wanderlust of science fiction, and even tenets of quantum physics, into a compelling adventure that is both absolutely mesmerizing and scary as all hell. The most blood-curling aspect for yours truly, as an investigator of all things paranormal and mysterious, is that its premise is based on real life. Related: 5 Real-Life ‘Stranger Things’-Montauk, Long Island ParallelsStranger Things was originally named Montauk, its namesake the enigmatic fishing village-turned-hosh-posh diva-land on the easternmost tip of Long Island, and shares many parallels with long-rumored tales of covert military experiments and telekinetic torture, among much more. It’s a strange place, for sure, and becomes even stranger once you learn about its foreboding past—and some believe, present.What will Season Two have in store? Surely those leeches squiggling out of Will Byers mouth, the faceless creature’s cracked birth-egg in the Upside-Down realm, and Hopper leaving some baked treats in that box in the woods alludes to some really mind-blowing scenes. Netflix’s trailer hints at nine episodes: “Madmax,” “The Boy Who Came Back To Life,” “The Pumkin Patch,” “The Palace,” “The Storm,” “The Pollywog,” “The Secret Cabin,” “The Brain” and “The Lost Brother.”Will the Duffer Brothers delve further into the forced telekinetic torture/espionage wrought upon 11 in Season One? Will other faceless beings in the Upside-Down emerge to assume the bloody throne left in the wake of Season One’s Montauk Monster-esque beast’s epic demise? Will this new collection of twists and turns entail more explicit parallels to the otherworldly cataclysms rumored to have taken place—and possibly still be going on—at Montauk’s so-called “Camp Hero” and the former “Camp Upton”!? (More on those in another post.)If Season One is any indication, Stranger Things Season Two will be absolutely phenomenal.Stay tuned…Related: Einstein Was Right: Black Holes, Gravitational Waves (& Interdimensional Time Travel) ExistsMain Art: Netflix Stranger Things Season Two is coming in 2017! Stranger Things’ fictional town Hawkins, Indiana and its paranormal and psychokinetic scenarios share striking similarities to local lore surrounding Camp Hero (L) in Montauk, NY and Brookhaven National Laboratory (R) in Upton, NY, both on Long Island, NY. (Photos: Wikimedia Commons and Brookhaven National Laboratory)last_img read more

Governor Wolf’s Week, February 5 – February 11, 2017

first_img The Blog,  Weekly Update On Tuesday, Governor Wolf presented his 2017-2018 budget address. His 2017-2018 proposed budget offers a new way to tackle Pennsylvania’s $3 billion deficit while continuing to protect schools, seniors, and providing resources to combat the opioid abuse epidemic.With visits to Allentown and Lancaster, Governor Wolf kicked off his statewide tour to discuss the initiatives in his 2017-2018 budget proposal. In Allentown on Wednesday, the governor detailed plans to spur job creation and manufacturing. In Lancaster on Friday, the governor highlighted efforts in his budget to continue the fight against opioid and substance abuse.On Monday, Governor Wolf welcomed members of the Assali family to Allentown. Members of the family had previously been barred from entering the country following confusion from the president’s immigration executive order.The governor also spoke out against Senate Bill 3, which would limit women’s healthcare choices, and announced that he would veto the bill if it reaches his desk.Governor Wolf’s Week, February 5 – February 11, 2017Sunday, 2/5/17Governor Wolf Statement on Assali Family Members Returning to AmericaMonday, 2/6/17Governor Wolf Announces New Jobs in Huntingdon County with Establishment of Curbs Plus Inc.VIDEO: Governor Wolf Will Veto Bill Limiting Women’s Healthcare ChoicesGovernor Wolf Welcomes Assali Family Members to PennsylvaniaGovernor Wolf Statement on Attorney General Shapiro’s Filing Against Travel BanTuesday, 2/7/17Governor Wolf’s 2017-2018 Budget AddressDifferent Approach for Pennsylvania: Governor Wolf’s Budget Cuts Costs, Protects Education and SeniorsWednesday, 2/8/17Wolf Administration Urges Public to Use Caution, Put Safety First for TravelGovernor Wolf Details a Different Path Forward in Allentown, Announces His Plan to Support Job Training, ManufacturingFriday, 2/10/17Governor Wolf Details A Better Way Forward with 2017-2018 Budget, Discusses Investments in Battling the Opioid EpidemicHighlights from The BlogWatch a Preview of Governor Wolf’s Budget AddressJoin Me for a #PAbudget Twitter Town HallGUEST BLOG: Medicaid Expansion ‘Saved My Life’Highlights from TwitterWe cannot go backwards on the rights of women to make their own health decisions. I will veto #SB3 if it gets to my desk. pic.twitter.com/ydk4OIxILo— Governor Tom Wolf (@GovernorTomWolf) February 8, 2017 Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf There should be no greater priority for our government than educating our children. #PAbudget pic.twitter.com/yIevZhugkx— Governor Tom Wolf (@GovernorTomWolf) February 7, 2017 Governor Wolf’s Week, February 5 – February 11, 2017 February 10, 2017 By: Office of Governor Tom Wolf SHARE Email Facebook Twitterlast_img read more

Sweden to close AP6 buffer fund, consolidate unlisted assets into AP2

first_imgBolund, a Green MP within the left-leaning coalition government, said it was “encouraging” that there was now a broad political consensus around the restructuring of the system – which currently comprises AP1-4 and AP6 – following discussion of the proposals among the six political parties that comprise Pensionsgruppen.In line with the previous report by Langensjö, the government confirmed the end of the current quantitative investment guidelines and a shift to a prudent person principle.A new Pension Reserve Board will also be granted ownership of the assets.AP6, based in Gothenburg alongside AP2, and one of the three AP funds based in Stockholm will be closed.A decision on which fund that is will be reached at a later date.While the inquiry headed by Langensjö came out in favour of a single buffer fund, the government at the time preferred the retention of at least three funds. The system will be renamed to ensure the remaining funds are named AP1-3.The closure of AP6 will see what is currently AP2 take on responsibility for all of the buffer fund’s unlisted assets, and the funds asked to cooperate through a joint investment committee representing the interests of all three remaining funds.Erik Thedéen, at the time state secretary in the Ministry of Finance, told IPE last year that property holdings could be consolidated into a single fund, or that they could launch a single vehicle responsible for unlisted assets.The 400-page consultation document said the government would only regulate how AP2 proceeded if it and the other buffer funds were unable to collaborate.The arrangement would be subject to annual review, likely through the annual AP fund report tabled in Parliament.It added that, unlike a number of large Canadian pension funds, the AP funds should not strive to be sole owners of assets and instead pursue joint ventures, as the concentration of risk would not be an “appropriate” use of buffer fund capital. Sweden is to close AP6 and a second, as yet undecided, buffer fund in an overhaul of the AP fund system that will also see a greater emphasis placed on sustainability.In a move meant to save costs, the government also announced that all of the system’s holdings in unlisted assets were to be pooled and overseen by AP2, which is to absorb AP6.The proposals, published by the Ministry of Finance nearly three years after the conclusion of a review chaired by Mats Langensjö, will also see the strengthening of responsible ownership at the Swedish buffer funds.The suggestion is in line with previous calls from deputy finance minister Per Bolund that the country set a more ambitious agenda for sustainable investment.last_img read more

Cherry Cobbler with Corn Bread Topping.

first_imgFood & DiningLifestyle Cherry Cobbler with Corn Bread Topping. by: – August 8, 2011 20 Views   no discussions Sharing is caring! Corn bread biscuits give this warm and comforting dessert a southern flair. The biscuits have finely chopped pecans added to the batter to provide a nutty flavor to this cobbler.The sauce, which contains cherries, sugar, and orange juice, is thickened with cornstarch. The cobbler is topped off with a sprinkle of cinnamon and sugar.Ingredients:4 cups pitted tart red cherries or one 16-ounce package frozen unsweetened pitted tart red cherries2/3 cup sugar2 tablespoons cornstarch2 tablespoons orange juice1/3 cup cornmeal3 tablespoons all-purpose flour1 tablespoon sugar1 tablespoon finely chopped pecans3/4 teaspoon baking powder2 tablespoons butter1 slightly beaten egg white1 tablespoon milk1-1/2 teaspoons sugar1/8 teaspoon ground cinnamonHalf-and-half, light cream, or vanilla ice cream (optional)Directions:For filling, in a medium saucepan combine the cherries, the 2/3 cup sugar, the cornstarch, and orange juice. Let fresh cherries stand for 10 minutes or let frozen cherries stand for 20 minutes. Cook and stir mixture over medium heat until thickened and bubbly. Cook and stir for 1 minute more. Reduce heat and keep hot.Meanwhile, for biscuit topping, in a medium bowl stir together the cornmeal, flour, the 1 tablespoon sugar, the pecans, and baking powder. Cut in the butter until the mixture resembles coarse crumbs. In a small bowl combine the egg white and milk. Add all at once to the flour mixture, stirring just until moistened.Spoon the hot fruit mixture into a 1-1/2-quart casserole. Immediately spoon the biscuit topping into 4 or 8 mounds over the hot fruit mixture. Stir together the 1-1/2 teaspoons sugar and the cinnamon. Sprinkle sugar mixture over biscuit mounds.Bake in a 400 degree F oven for 12 to 15 minutes or until a wooden toothpick inserted into the center of a biscuit mound comes out clean. Serve warm. If desired, serve with half-and-half or ice cream. Makes 4 servings.Graham Cherry Cobbler: Prepare the Cherry Cobbler with Corn Bread Topping as directed, except for biscuit topping omit cornmeal and the 1 tablespoon sugar. Increase the flour to 1/3 cup, add 2 tablespoons finely crushed graham crackers, and 1 tablespoon brown sugar. Increase the milk to 2 tablespoons. Tweet Share Share Share Recipe source: Better Homes and Gardenslast_img read more

Pontevedra local nabbed in drug bust

first_imgAn undercover cop initially bought from Lanzar – resident of Barangay San Juan, Pontevedra – a sachet of suspected shabu for P550, it added. BACOLOD City – He allegedly sold shabu. The 39-year-old William Lanzar was arrested around 5:30 p.m. on May 20 in Barangay 1, Pontevedra, Negros Occidental, a police report showed.center_img When frisked, the suspect yielded five more sachets of suspected illegal drugs, police said.The suspect was detained in the custodial facility of the Pontevedra municipal police station, facing charges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002./PNlast_img read more