American Apparel finally filed for Chapter 11 bankruptcy early Monday. While the stores will remain open, more than $200 million in bonds will be exchanged for stocks as part of the company’s reconstructing. It was a long time coming, as the retail chain has not made profit since 2009. American Apparel will shrink its debt from $311 million to $120 million.
American Apparel founder Dov Charney will receive the blunt of the loss, as his stake in the company will be removed. The bankruptcy comes one year after Charney was ousted from the American Apparel board for allegations of misconduct, including sexual harassment and inappropriate behavior in the workplace and mishandling money. After being fired from the company in 2014, Charney made efforts to exert control of the company, causing the company to file a restraining order against him.
The company said in a court filing that it will remove stores that are unprofitable, but it did not say when or how many. Though the retail chain’s future is unknown, the bankruptcy should absolve enough debt for the company to remain in business.
Cover Photo Credit: dovcharney/Flickr (CC by 2.0)
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About the AuthorSetareh Baig is a writer and editor. She recently graduated from Florida State University and served as the editor-in-chief of the school's newspaper, the FSView & Florida Flambeau. You can follow her on Twitter at @heysetareh_.
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This Facebook post is republished below with the permission of the author.
By Brian Gil
As someone that literally never goes out to gay clubs, gay pride parades, or gay anything. I have to say, I have never cried so hard in a single day in my life.
This shooting and the effect its had literally (49 dead) and metaphorically are the fucking worst.
Only a gay person will truly feel the pain today that comes with living a life subconsciously anxious about stigmas, prejudices, and whether or not people will just generally accept you for how you are naturally.
Only a gay person has had to wake up everyday before this event, and looked themselves in the soul to tell themselves they’re worthwhile,while the rest of the world questions your integrity.
Your gonna tell me, on top of carrying all that around, the single location gay people can convene and feel comfortable about themselves in our society has someone walking in with a rifle shooting and rotating the gun across the room? Kick them while your down why don’t you, piece of shit.
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While the past few years the gay community has seen several progresses (marriage equality mainly), it seems we’ve all gone complacent about how unequal gay people still are.
Employment discrimination is still legal in many states. Anti-LGBT legislation has been sweeping the nation in the news lately. Clearly someone feels unaccepting to the point where they carried out their prejudices into mass violence.
I wanted everyone to see how a couple (literally very few) progresses towards acceptance doesn’t mean the related bigotry in our society has gone away.
Just like racism – just because the civil war, civil rights movement, and #staywoke movement have improved our society, it doesn’t mean racism doesn’t still exist (post-racial narrative).
We have to do what we must as people everyday to be conscious of these problems so we can change our world to make future generations better so these types of tragedies stop happening.
How many innocent marginalized members of society have to die before they become accepted? My point is, theres a better way – which is simply understanding, compassion, and solidarity for other humans
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By Staff Report
By Nate Nkumbu
Popes by natures are supposed to be holy men, ordained by God and the church to lead the Catholic faith.
Not every pope however follows those church rules.
One pope that was infamous for breaking rules was Pope Alexander VI.
Born Roderic Borgia, Pope Alexander VI was the leader of the papacy from 1492 to his death in 1503.
A controversial pope who had fathered children with many mistresses, Alexander VI’s name is now a stand in for all of the vice and nepotism that was once associated with the Catholic church.
He embraced the temporal role of the church and his family wielded real power in the affairs of war and politics.
Not exactly a Pope Peter lookalike.
According to Lawrence Cunningham, a Professor of Theology at the University of Notre Dame, while Alexander VI might have been a bad Pope to the Catholic Church, he was beloved and respected by people during his time.
“He was great patronage of the arts during the renaissance and commissioned the likes of Michelangelo and Raphael to work for the vatican and for him,” Cunningham said in an interview with RISE NEWS. “He was important to the new world as he corresponded with the Spanish crown about confirming the discovery.”
Interestingly enough, while often thought as a family only found in a history book, the Borgia’s are still around today.
Borgia’s children that he sired with his mistresses left a legacy of their own.
One of his children’s descendants, Rodrigo Borja Cevallos became president of Ecuador in 1988 at a time when Ecuador was suffering one it’s worst economic crisis.
There was not much Cevallos could do to fix the situation and he was ousted within four years.
But still. How cool is that?
The Borgia family legacy isn’t just held to a descendant becoming president of Ecuador.
Cunningham said that his direct line had influenced The Renaissance and the rise of political realism in a major way.
“Pope Alexander’s daughter Lucrezia would become source for Machiavelli’s The Prince,” Cunningham said. “The Borgia family would have people become dukes, lords and so on. So Pope Alexander VI’s influence still exists to this day.”
RISE NEWS is a grassroots journalism news organization that is working to change the way young people become informed and engaged in public affairs. You can write for us.
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By Jason Leclerc
It wasn’t long ago—relative to the age of the universe—that Christopher Columbus defied the horizon and set off in search of a passage East.
As we’ve learned in the dominant, perpetuated myth about this series of events, he accidentally discovered a new continent.
Ever the salesman, mildly good at sailing and terrible at navigation, he convinced his fellow sailors they were in India and misidentified the exotic people he encountered with a misnomer that sticks to this day.
Columbus’s return to Europe heralded a great discovery that set off a wild fury of exploration, exploitation, and imperialism.
The “new world,” never-minding that it had been inhabited by humans for over ten thousand years, became a plucking ground for riches, resources, and renown.
Europeans that followed Columbus’s expedition brought with them diseases and conquest that ravaged the indigenous peoples of what would later be named the “Americas.”
Over the next 500 years, this America would grow to be the richest, most powerful nation on Earth.
Over the next 500 years, this America also built upon the atrocities pioneered by Columbus.
The precedent for exploiting the indigenous people of the Americas was repeated over and over again. Land was taken. Riches were appropriated.
The staples of a once-thriving civilization—herds, fertile land, sacred spaces—were either destroyed or confiscated.
The heirs of Columbus, now calling themselves Americans, enslaved, murdered, and marginalized whole groups of people in their march toward becoming this shining beacon of hope for the world.
America cannot celebrate Columbus for the former without rightly acknowledging other appropriate celebrations alongside Columbus Day.
Here is a list of five alternative observances that can be paired with celebrations of Columbus’s legacy.
1) National Monday off Day:
Let’s be honest. The more distantly past and personally disconnected we are from an event or celebration, the more space there is to re-interpret it.
In many ways, Columbus Day is as special as a national “day off” as it is a specific celebration of Columbus’s important place in our history.
We have a few of these federally prescribed holidays each year.
Governments and banks close to provide a welcome respite from toil and labor.
While on the surface it may seem a cynical approach to a holiday, it foils nicely with Labor Day which occurs a month earlier, and in a rather postmodern, twenty-first century way, celebrates the idea of celebration itself.
2) Myths and Legends Day:
The story of Columbus being the first European—as was taught to us in fifth grade history—has value, not in its verifiable fact, but in what it stands for.
Likewise, the notion that all people thought the world was flat is equally laughable as a statement of “fact.” European Christianity taming savages?
Such myths and legends around Columbus’s voyages do stand as symbols of a new era of exploration, discovery, and experimentation that highlight Europe’s emergence from the middle ages.
Rather than discount the value of these events based on the verifiable “facts” uncovered by recent historians, we can acknowledge that we need myths and legends to coalesce around to better understand the “stories” of us.
3) Indigenous People’s Day:
This is a fitting pair to Columbus Day and has actually been adopted as a holiday—in some places called “Native American Day” or “First Peoples’ Day” by many cities, states, provinces, and countries around the world.
The number of municipalities embracing this day is growing rapidly.
First designed as a protest fueled by the modern historical reassessments of Columbus’s legacy, it can also be a day of reflection and atonement for the deplorable actions of Americans who—in their quest to control the full continent—mistreated Native American nations, decimating their cultures and sovereignty.
We could also treat it as a positive celebration of the rich cultures and enduring legacies of the continent’s first citizens.
Further, it can be a day to reflect on the effects of such remarkable Native Americans as Black Kettle, Osceola, and Buffalo Bird Woman.
4) Immigrants Day:
Celebrations of Columbus’s “discovery” of America took place as far back as 1792. The history of Columbus Day as a national holiday actually has its roots in American Immigrant communities who were—during the 1870s and 1880s—poorly treated, mostly because of their unpopular Catholic faith, but also because they looked and sounded different.
Eventually these groups would gain acceptance and be subsumed into the mainstream culture of America’s melting pot—or salad bowl, if you prefer.
Even today, as different immigrant populations from new and exotic parts of the world arrive on the shores of our nation, as they seek asylum or freedom or riches, a reminder that we are a nation of immigrants wouldn’t hurt.
Like many other minority groups throughout American history, visibility is a great first step toward understanding and integration.
Such a holiday would be a perfect reflection that, at some point in our lineage, we are ALL immigrants.
5) American Atonement Day:
Americans set aside a full day to give thanks for all of the bounties that have been heaped upon us.
Thanksgiving is as necessary and culturally-ingrained a holiday as Independence Day.
We rightly observe Thanksgiving as a secular celebration of something beyond us and before us for which we should celebrate with gratitude.
Built, still, upon myths and legends and how we’d like to view ourselves in the prism of our collective history, Thanksgiving reflects upon a passivity that led to our success as a nation.
A national day of atonement—An American Yom Kippur—would be a well-placed point from which to view those regrettable things we, as a nation did, even as we were being blessed in other ways.
Quite aside from dwelling upon slavery as a national horror, quite aside from dwelling on our historical treatment of Native Americans, immigrants, gays, Catholics, Muslims, the poor, the disabled, and other groups that have not fully realized the bounties for which we can give thanks, we can dwell on how we may have fallen short—on an individual as well as collective level—of “earning” our pieces of the gifts of America’s potential.
Were we to dwell upon these things every day, we would be paralyzed in grief. Setting aside a day for reflection on how we have failed, even as we have achieved so much as a lead-up to Thanksgiving would be a timely and sanguine preparation for the holiday season.
Columbus Day is no less relevant today as it was two hundred years ago. It has accumulated more meaning and, when paired with these additional reflections, gives Americans a greater and broader view of who we are: worth celebrating, worth grieving, worth accepting that we still have much more to discover.
Jason Leclerc is a poet, prolific blogger, film-maker and political columnist. Learn more about Leclerc and his new book Black Kettle on http://momentitiousness.com/
RISE NEWS is a grassroots journalism news organization that is working to change the way young people become informed and engaged in the world. You can write for us.
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