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This article explains how Sears stores are closing and why their closing because the owner is being sued by various creditors, suppliers and assorted others and many more other stores are closing. Should

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An "eddy" as defined by the dictionary is "a current at variance with the main current, a small whirlpool...of air, dust or fog."

An "Eddie" as defined by the world of retailing is...well, pretty much the same thing.

At least when it comes to Eddie Lampert and the continuing maelstrom that is the sad, sad saga of Sears.

For those of you who are having trouble keeping up with the storyline, Lampert is being sued by various creditors, suppliers and assorted others. In the meantime, he is trying to buy up what is commonly known as the Sears Hardware and Outlet business, at the same time as these stores are being closed in a seemingly random pattern.

He is the new owner of some 425 Sears and Kmart stores, some of which are also being closed in a regimen that may or may not be part of a bankruptcy filing by the company he used to run, which is also called Sears, though some of the wording is slightly different.

Confused? Join the club.

Now comes the latest example of air, dust and fog currents...sometimes otherwise known as smoke and mirrors. What was as close as any store to being the flagship of what's left of Sears - the store in the Oakbrook Center mall in suburban Chicago - is being closed. It is one of hundreds - who can really keep count? - of Sears and Kmart stores that were kept with old Sears (Sears Holdings) while the rest were sold off to new Sears (Transform Co.).

What makes this closing particularly poignant is that the store -- located in one of the important and vibrant malls in the country -- was remodeled just seven months ago and touted by, of all people, Eddie Lampert himself, as one of the new directions for Sears.

At about one-third the size of the previously existing Sears store, the Oakbrook unit had an odd assortment of merchandise, albeit in an updated, more contemporary setting. But its positioning in the mall was awkward and with just barely half a year for shoppers to get used to what it was offering (after being under renovation for a year), it closed.

Even more telling is that when Eddie hand-picked which stores he wanted to keep, this one was not included, sealing its fate as a lame duck location.

What this says about Lampert's other plans for new-format Sears stores is pretty obvious: they probably aren't going to work and we'll just as probably never get the chance to find out because he won't stick with them long enough to find out.

How this horror show continues to be allowed to play out is almost beyond comprehension. There is nobody - absolutely nobody - who believes there is any remote possibility of Sears surviving through all of this...with the possible exception of Eddie Lampert. And even he is enough of a pragmatist to know the likely outcome.

In the meantime, another Sears store has closed. By the way, the verb for "eddy" is "eddying." You just can't make this up.

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Another Day, Another Sears Debacle: Oakbrook Center Store Latest Closing

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An "eddy" as defined by the dictionary is "a current at variance with the main current, a small whirlpool...of air, dust or fog." An "Eddie" as defined by the world of retailing is...well, pretty much the same thing. At least when it comes to Eddie Lampert and the continuing maelstrom that is the sad, sad saga of Sears.

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Forbes: Instagram may be getting rid of ¨likes¨ on platform

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Forbes: Instagram may be getting rid of ¨likes¨ on platform

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This article explains how Instagram is planning to take away the like feature and they want to see and how they want the viewer and users to focus on the quality of the pic and not focus on the likes. Should Instagram have a option button for viewers to see likes?

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Instagram is currently testing a new feature to their app that would hide "Like" counts on your page. Rumors have spread around for a while since a tester leaked screenshots of the news update, but it was officially announced at the Facebook F8 Developers Conference and will be rolled out in Canada as early as next week.

A few weeks ago, screenshots were acquired by Jane Manchun Wong, who uncovered the app was currently testing a prototype of the feature.

"We want your followers to focus on what you share, not how many likes your posts get," Instagram says in one of the screenshots from Wong. "During this test, only the person who shares a post will see the total number of likes it gets."

With the test, Instagram plans to remove the total number of likes from photos and videos on that show up on the main feed, profiles and permalink pages. Only the account user will be able to see the number of likes a post receives. It will show a couple profile photos next to a call out of a few names who have liked the photo, as it does now, but will no longer show the exact count of people who liked the post.

Instagram says the reason for this update test is to have users concentrate on their posts and interacting with the app rather than likes. Many users will delete photos that do not get "enough" likes. Many studies have been conducted on the culture surrounding social media and the unhealthy obsession for "likes" and comparison to others online. A recent report from UK's Royal Society for Public Health (RSPH) and the Young Health Movement looked at the impact of different social media platforms on mental health. While there were some positives about accessing health information, the opportunity for self-expression and a feeling of community, the negative factors were heavy. Things like anxiety, depression, loneliness, sleep quality and negative impact on body image were all reported.

The hope is by getting rid of the liking part of the app it could reduce some of these negative affects about getting enough likes on a post and eliminate the competition to have the most "likable post." This could increase authenticity across posting and could be a benefit for many.

While a benefit for many, some influencers have expressed concern about their feed rankings in the algorithm and their source of income. There are currently no plans to hide follower counts on profiles, which are the main source for sponsorships for influencers. Developers will most likely need to update the algorithm to reflect the inability to publically see likes and find a new way to curate content feeds based on the popularity of a post, such as engagement through comments.

There are other updates that were found in Wong's test such as chat thread stickers for Direct messages, augmented reality filters for Direct Video calls, simultaneous co-watching of recommended videos through Direct, karaoke-style lyrics that appear synced to soundtracks in Stories, emoji reactions to feed posts and a shopping bag for commerce.

While it is starting in Canada, it is not certain if they will begin to test in other places. Like many tests, they will have to see an increase in positive interactions and user engagement to expand. If it is successful on Instagram, it could spread to other platforms like Facebook in the hope to create a healthier social media environment for all.

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Instagram May Be Getting Rid of "Likes" On Platform

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Instagram is currently testing a new feature to their app that would hide "Like" counts on your page. Rumors have spread around for a while since a tester leaked screenshots of the news update, but it was officially announced at the Facebook F8 Developers Conference and will be rolled out in Canada as early as next week.

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This article focuses on how Walmart is turning to robots and apps to make it easier and faster for customers to get food faster and it cost less money if they turn to robots working instead of humans. Should other companies turn to using apps and robots?

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walmart turns to robots and apps in stores - cnn

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Walmart turns to robots and apps in stores

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Walmart is turning to new tech to reduce costs and convince shoppers to keep taking trips to the store.

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CNN:Apple Iphone sales fall 17% from prior year

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CNN:Apple Iphone sales fall 17% from prior year

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This article focuses on how Apple sales have fallen from last year and how their sales are expected to increase in years to come and how most of their revenue comes from China. Should Apple sell their products for cheaper to increase sales?

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apple's iphone sales fall 17% from prior year - cnn

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Apple's iPhone sales fall 17% from prior year

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At one time, the staggering success of the iPhone helped catapult Apple to become the world's most valuable company. Now, its lackluster smartphone sales are dragging down Apple's business.

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This article explains how parents are giving their children their own credit cards to use and that it shows them how to build up credit and shows them how to deal with money. Should parents let their children use credits cards not knowing what they are buying?

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More and more children under the age of 14 have their own credit card to use at their leisure, according to a new report.

Since 2012, credit card-carrying-teens have increased more than four times to 17 percent among 8-to-14-year-olds, up from just 4 percent seven years ago, according to data from investment management firm T. Rowe Price.

Moreover, 21 percent of the 1,500 parents polled in a recent survey by Creditcard.com found that some kids without their own card are still using their parents without their permission.

Of those polled, six million American parents say they have knowingly given a credit card to their child.

Ted Rossman, an analyst for CreditCard.com told FOX Business that he thinks the increase is positive with the exception of those teens using it deceptively.

"I think this increase is a good thing for two main reasons: building credit and teaching kids about money," Rossman said.

According to FICO data, more than 53 million people in the U.S. do not have enough data in their credit files to generate a FICO score.

"This is a big problem for young adults, in particular. It's an unintended consequence of the CARD Act, which made it difficult to get a credit card before age 21, and in many cases even beyond that," he added.

So, parents who add their children to their credit cards as "authorized users" could actually be doing themselves -and their children-a big favor by getting their credit history established early.

Rossman said the ideal age for this is around 15 or 16 in professional opinion.

"If the parent has a solid track record of paying that card on time and keeping his/her debts low, the positive benefits will flow to the child once he/she is added as an authorized user. Of course, negative information transfers as well, so only do this if you have good payment habits."

However, if you are a parent that is concerned that your child will overspend, the next step would be to set a limit on the card or get a prepaid debit card to start.

The main benefit, he added, is to make this into a "teaching tool" to set their children for a good financial future.

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More and more children under the age of 14 have their own credit card to use at their leisure, according to a new report. Since 2012, credit card-carrying-teens have increased more than four times to 17 percent among 8-to-14-year-olds, up from just 4 percent seven years ago, according to data from investment management firm T.

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 Fox: Spotify hits 100 million paid subs 

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 Fox: Spotify hits 100 million paid subs 

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The article focuses on how spotify reached 100 million paid subscribers despite its struggles to maintain profitability. Would any music app pass Spotifys' paid number of subscribers

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Spotify disclosed Monday that it has surpassed 100 million paid subscribers on its premium music streaming service, stoking optimism about the company despite its struggles to maintain profitability.

The company said its premium subscriber base surged 32 percent compared to the same period one year ago. Spotify is the first music streaming service to cross the 100-million paid subscriber threshold, according to the Wall Street Journal. The service has 217 million monthly active users.

"Outperformance was driven by a better than plan promotion in the US and Canada and continued strong growth in Family Plan," Spotify said in a press release, noting the success of its partnership with Google Home and the discounted Spotify and Hulu bundle.

Shares initially rose more than 3 percent in pre-market trading, but turned negative by midday. Spotify has roughly twice the global paid users as its chief rival, Apple Music.
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Spotify achieved its first profitable quarter earlier this year, but has invested heavily in recent months, acquiring the Gimlet Media and Anchor podcast networks and breaking into new markets. The company posted a loss of €142 million ($158.3 million) in the quarter and it expects to accrue losses of between 180 million euros and 340 million euros in fiscal 2019.

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Spotify hits 100 million paid subscribers for premium music service

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Spotify disclosed Monday that it has surpassed 100 million paid subscribers on its premium music streaming service, stoking optimism about the company despite its struggles to maintain profitability. The company said its premium subscriber base surged 32 percent compared to the same period one year ago.