The Daily Parker

Politics, Weather, Photography, and the Dog

We may know where the leaks are coming from

Diners at Mar-al-Lago overheard the President talking with Japanese Prime Minister Shinzo Abe, the latest in a string of idiotic security breaches he's made all by himself:

As Mar-a-Lago's wealthy members looked on from their tables, and with a keyboard player crooning in the background, Trump and Abe's evening meal quickly morphed into a strategy session, the decision-making on full view to fellow diners, who described it in detail to CNN.

News of Pyongyang's launch had emerged an hour earlier, as Trump was preparing for dinner in his residence. Officials had concluded the Musudan-level missile flew 310 miles off North Korea's eastern coast before crashing into the Sea of Japan.

Oy.

Meanwhile, the Sears Death Watch continues:

[B]ecause Sears and its sister company Kmartare merely shells of their former selves after they destroyed so much value over the years for employees, customers, and investors, there may be a group of stakeholders secretly hoping the end comes soon: shopping malls.

While a Sears Holdings bankruptcy might lead malls to suddenly face the prospect of being flooded with zombie retail space, they would have the chance to redevelop the stores themselves and attract new tenants who would pay them, and not Seritage, significantly higher rents.

Of course, a Sears Holdings bankruptcy carries risks for them, too. As noted, many retailers are reducing their footprints, not expanding them, so filling up the space may not be so simple, and for malls not in desirable locations, Sears Holdings' demise could be catastrophic. Credit Suisse says some 184 malls can be classified as "least valuable property" -- meaning at risk of shutting down -- and, concernedly, Sears is the anchor store in 110 of them. A Sears Holdings bankruptcy and the wave of store closings that would follow could very well jeopardize their existence.

Again, oy.

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