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Obaw August deadliest month for Chicago in two decades
Facing a deadlypandemic, contentious presidential election and ongoing economic woes, Americans might be forgiven for feeling less festive this holiday season. That s the upshot of a Galluppollthat shows most consumers plan to significantly cut back on their gift s stanley cup pending.Respondents to the survey, conducted over the first two weeks of October, sai stanley cup d they plan to spend an average of $805 on presents this year, down from roughly $942 in 2019. That s a nearly 15% average spending drop mdash; a decline that could hurt retailers still reeling from the economic impact of the coronavirus during the critical year-end shopping period.More than two dozen retailers have filed for bankruptcy since the pandemic, includingNeiman Marcus,J. Crewand Brooks Brothers. Lord Taylor ended a nearly 200-year-old legacy afterfiling for bankruptcyin August. The apparel sector has taken a particular beating. Clothing and shoe sales dropped nationally more than 40% over the first five months of the year from the same period in 2019, the Census Departmentestimates. stanley cup Minneapolis Fed s Kashkari says fear a major factor to declining consumer activity 05:52 In the struggle to stay afloat, many stores opted to start their holiday deals online in October, breaking from the Black Friday Rile Blanket causes deadly motorcycle accident in Pennsylvania, police say
Lee Iacocca, who created the iconic Ford Mustang and later in his career rescued Chrysler from bankruptcy, has died, his foundation and Ford Motor Company confirmed on Tuesday. He was 94. Iacocca s daughter toldThe Washington Postthe cause of death was complications from Parkinson s disease. Lee Iacocca was truly bigger than life and he left an indelible mark on Ford, the auto industry and our country, said Ford executive chariman Bill Ford. Lee played a central role in the creation of Mustang. On a personal note, I will always appreciate how encouraging he was to me at the beginning of my career. He was one of a kind and will be dearly missed. Former Chrysler Chairman Lee A. Iacocca is seen during a Chrysler briefing on earnings in February 1991. af1 adidas samba og Reuters In his 32-year career at Ford and then Chrysler, Iacocca helped launch some of Detroit s best-selling and most significant vehicles, including the minivan, the Chrysler K-cars and the Ford Escort. He also spoke out against what he considered unfair trade practices by Japanese automakers. Iacocca was one of the yeezy first celebrity CEOs and even flirted with running for president in the late 1980s before there ever was a businessman president ndash; until House Speaker Tip O Neill intervened. And I said, Tip, what do you think about me running for President Iacocca recalled to S