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NurseJackie

(42,862 posts)

24. A Sears bankruptcy could cause one of the biggest pension defaults ever, but the government would pr

Reply to Berlin Expat (Original post)

Mon Oct 15, 2018, 09:58 AM

Oct 2018

A Sears bankruptcy could cause one of the biggest pension defaults ever, but the government would protect 90,000 retirees

http://www.chicagotribune.com/business/ct-biz-sears-bankruptcy-pension-default-20181011-story.html

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US retail giant Sears files for bankruptcy [View all] Berlin Expat Oct 2018 OP

Sad, but hardly a surprise Sherman A1 Oct 2018 #1

Everytime MFM008 Oct 2018 #2

Same here when I was growing up Berlin Expat Oct 2018 #3

I saw two malls die In my lifetime Mr. Big Oct 2018 #6

No way they could survive with all the old rundown stores, despite some good products and deals wishstar Oct 2018 #4

I've seen speculation - Berlin Expat Oct 2018 #5

Sadly... The Conductor Oct 2018 #8

how about jc penney ? JI7 Oct 2018 #10

This message was self-deleted by its author The Conductor Oct 2018 #42

The Managers.... LovingA2andMI Oct 2018 #17

Were they also being hurt , or about to be severely hurt from tariffs? duforsure Oct 2018 #7

neither. bad decisions from years ago which just kept getting worse JI7 Oct 2018 #9

crazy Eddie Lampert Locrian Oct 2018 #11

Did he go to Trump University? IronLionZion Oct 2018 #16

He's buddies with Mnunchkin (sp?) durablend Oct 2018 #41

The downfall of Sears Berlin Expat Oct 2018 #12

Seen this too many times zipplewrath Oct 2018 #21

I have to agree Berlin Expat Oct 2018 #22

I've seen TV ads in the last week for JC Pennys. rsdsharp Oct 2018 #38

Not really. It started well before him. bearsfootball516 Oct 2018 #13

Chapter 11 bankrupcy does not necessarily Mr.Bill Oct 2018 #14

Sears Holding Company..... LovingA2andMI Oct 2018 #18

That was my point. Mr.Bill Oct 2018 #19

In this case, it's not a Chapter 7 liquidation BumRushDaShow Oct 2018 #25

Yet Trump won't be blamed for the retail apocalypse IronLionZion Oct 2018 #15

This one has nothing to do with Trump or his policies FakeNoose Oct 2018 #35

Sad to see it happen but it's been a long time coming inwiththenew Oct 2018 #20

As I recall, it was sometime Berlin Expat Oct 2018 #23

A Sears bankruptcy could cause one of the biggest pension defaults ever, but the government would pr NurseJackie Oct 2018 #24

my dad was a mechanic and we got all our hand tools there... Javaman Oct 2018 #26

My late father Berlin Expat Oct 2018 #27

they used to be made in America mikeysnot Oct 2018 #30

yup, if I'm at an estate sale, it's the first thing I look for; old tools. nt Javaman Oct 2018 #33

I inherited some more mikeysnot Oct 2018 #39

Sears sold off their Craftsman line a few years ago FakeNoose Oct 2018 #36

20 Indian vendors just put production on hold mikeysnot Oct 2018 #28

When I first came to the US gopiscrap Oct 2018 #29

I wonder if he is going to take the employees pension plan to pay himself more kimbutgar Oct 2018 #31

I'm looking at a copy of their 1909 Fall catalog right now, elmac Oct 2018 #32

I do English-language teaching Berlin Expat Oct 2018 #37

Another interesting lesson, especially taken from early to mid 20th century catalogs elmac Oct 2018 #40

I'd rather Sears get a bailout than Big Coal Adenoid_Hynkel Oct 2018 #34

Make Sears Great Again tRump pstokely Oct 2018 #43