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Rite-Aid is filing for chapter 11 bankruptcy after facing significant fines and lawsuits for allegedly contributing to the opioid crisis. They have secured a $3.4 billion loan in an attempt to stay in business during the bankruptcy process, so they aren't shutting down or being sold as of yet. They also fired their CEO and appointed several new board members. Rite Aid has an estimated $1 billion to $10 billion in liabilities and it was losing money in the last two quarters, so it will be difficult for them to get back on a profitable footing before their loan and bankruptcy proceedings end. There will definitely be significant store closings, but after that it is unclear what happens with the company. quote:Rite Aid files for bankruptcy, appoints new leadership in financial restructuring initiative https://www.foxbusiness.com/markets/rite-aid-files-bankruptcy-appoints-new-leadership-financial-restructuring-initiative
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Oct 16, 2023 15:14
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What time is the speaker vote scheduled for tomorrow?
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Oct 16, 2023 15:25
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Leon Trotsky 2012 posted:Rite-Aid is filing for chapter 11 bankruptcy after facing significant fines and lawsuits for allegedly contributing to the opioid crisis. Sounds like the perfect time to re-invest all my BBBQ earnings in the next hot, bankrupt company!
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Oct 16, 2023 15:47
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I'm trying to recall when was the last time I even saw a RiteAid out in the wild.
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Oct 16, 2023 15:55
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I thought they got bought out by whichever ghouls own CVS or Walgreens a long time ago.
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Oct 16, 2023 16:00
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Tiny Timbs posted:I thought they got bought out by whichever ghouls own CVS or Walgreens a long time ago. They were going to merge with Wal-Greens many years ago, but there were some anti-trust issues and they decided not to fight it. Instead, they just sold about 1/4 of their stores to Wal-Greens. Leon Trotsky 2012 fucked around with this message at 16:09 on Oct 16, 2023 |
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Oct 16, 2023 16:07
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BonoMan posted:I'm trying to recall when was the last time I even saw a RiteAid out in the wild. There's one up the road from my house, but I don't usually go to it unless all I need is an envelope or a greeting card or something, otherwise I'll just go to the Walmart a couple miles out so I can get some groceries and stuff while I'm getting my prescription. Plus there's one in the small college town next to mine. It actually bought out a longtime local pharmacy not too long ago after my one friend quit working there and the owner didn't have anyone else to pawn all the day-to-day work off on.
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Oct 16, 2023 16:09
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ummel posted:The GOP in Florida just signed people up with similar looking names to really screw with the election process. No campaigns or anything. I've long thought that Dems should find some guy also named Ronald Reagan (or hell, just get Ronald Reagan Jr.) and get him on the ballot in a couple states, see if there's enough Florida voters unsure of what year it is to swing the state back to blue.
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Oct 16, 2023 16:29
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Our Rite Aid just got a big face lift. It’s going to be mildly annoying if they shut down because it’s very close to my house and is the best place to get candy before a movie. They are leaning pretty hard into the alternative medicine thing which makes me kind of want them to fail though.
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Oct 16, 2023 16:33
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The U.S. and Venezuela have agreed to a deal where the U.S. will lift sanctions on Venezuela's state oil industry in exchange for Venezuelan President Nicolas Maduro agreeing to hold a freer Presidential election monitored by the U.N. next year. The conditions Venezuela has agreed to in order to make the election freer are: - Agree to start a process to lift the ban on opposing political party candidates running. - Allow the U.N. and international election monitors to observe the election. - Allow some non-state run media to air during the election. - A promise to abide by the election results. The U.S. and Venezuela are expected to make an official joint announcement tomorrow in Barbados. https://twitter.com/washingtonpost/status/1713923122347286823 quote:BOGOTÁ, Colombia — The Biden administration and the government of Venezuelan President Nicolás Maduro have agreed to a deal in which the U.S. would ease sanctions on Venezuela’s oil industry and the authoritarian state would allow a competitive, internationally monitored presidential election next year, according to two people familiar with the breakthrough talks.
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Oct 16, 2023 16:45
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I used to work at Rite-Aid and it was poo poo. When that merger was in the works, the higher-ups stopped ordering regular supply refills for all the basic things like printer paper and pill bottles so we had a few fun months there trying to stretch whatever supplies we could scrounge while they cut hours so newly-arriving prescriptions piled up and some level of district manager eventually had to come in in-person to help fill scripts because we were eight hours behind. I bailed shortly after.
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Oct 16, 2023 16:50
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My favorite Rite-Aid story is when they bought out Brooks Pharmacies, our "town" had two of each. They closed one of the Rite-Aids and rebranded the two Brooks so there was a period of time when there was three Rite-Aids on a 2 mile stretch of road in the middle of town. Two still exist today.
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Oct 16, 2023 17:03
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As background, the main thing that is killing Rite-Aid is the Department of Justice charging that Rite-Aid violated the Controlled Substances Act by looking the other way or not doing proper research into orders for prescription painkillers and nearly 1,000 civil lawsuits related to the same charge. Essentially, the DOJ alleges that Rite-Aid received massive prescription orders for opioid painkillers from obvious pill mills or fraudulent pharmacies that would have been exposed with the tiniest bit of research, but decided not to do that research because the sales were so large and they thought that not asking questions would be better than asking and having to end the sales. Some examples include processing orders to pharmacies in a town in Florida with a population of 7,000 for 40,000 pills a month, which would indicate that roughly 60% of the total population of the town was being prescribed an opioid every single day for the entire year. https://www.nytimes.com/2023/10/15/business/rite-aid-bankruptcy.html Edit: Rite-Aid denies this, obviously, and argues that a pharmacy doesn't just serve people located in its zip code and that they never received evidence of fraud, so they didn't act on it. The DOJ filed suit a few months ago and the criminal case + the thousands of civil cases are all ongoing. Leon Trotsky 2012 fucked around with this message at 17:10 on Oct 16, 2023 |
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Oct 16, 2023 17:03
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It's wild to me that pharmacies are getting hit this hard. The culture of pharmacies has changed dramatically since then, but prior to all the initiatives due to the opioid epidemic it was difficult to really verify that these were truly fraudulent prescriptions (outside the most extreme cases). There was no central database of controlled prescriptions. Each pharmacy had their own, but this was easy to get around by going to different pharmacies. It took us a long time to get independent pharmacies on board with centralized databases. The absolute failure of the DEA to do it's job being a law enforcement organization and the absolutely failure of the AMA and the Boards of Medicine to take action on bad doctors is now being redirected towards pharmacies who are now considered deputized law enforcement officers more than medical professionals. A community pharmacist's job historically was to check for drug interactions, and make sure the physician didn't write the wrong dose or the wrong drug. Now they're expected to hold the line against armed robberies (including locking out safe access so you have to sit there with a gun in your face for 15 minutes before it opens), expected to do deep research on patients and whether or not they really need pain meds (and then deal with patients flipping out while not pissing off corporate), and also check for interactions and kidney and liver function, and give vaccines, all while not having provider status and being able to bill out to insurance directly (some fat cat doctor under the "collaborative practice" agreement gets to bill out for all those), and provide counseling to new patients on new drugs, and provide counseling for OTC meds. It's absolutely an untenable situation for the profession. No wonder Walgreens pharmacists are walking out and striking. The pharmacy professional organizations (ASHP and the universities) have absolutely failed the pharmacists, while continuing to line the pockets of the corporations.
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Oct 16, 2023 17:26
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ummel posted:It's wild to me that pharmacies are getting hit this hard. The culture of pharmacies has changed dramatically since then, but prior to all the initiatives due to the opioid epidemic it was difficult to really verify that these were truly fraudulent prescriptions (outside the most extreme cases). There was no central database of controlled prescriptions. Each pharmacy had their own, but this was easy to get around by going to different pharmacies. It took us a long time to get independent pharmacies on board with centralized databases. The absolute failure of the DEA to do it's job being a law enforcement organization and the absolutely failure of the AMA and the Boards of Medicine to take action on bad doctors is now being redirected towards pharmacies who are now considered deputized law enforcement officers more than medical professionals. A community pharmacist's job historically was to check for drug interactions, and make sure the physician didn't write the wrong dose or the wrong drug. Now they're expected to hold the line against armed robberies (including locking out safe access so you have to sit there with a gun in your face for 15 minutes before it opens), expected to do deep research on patients and whether or not they really need pain meds (and then deal with patients flipping out while not pissing off corporate), and also check for interactions and kidney and liver function, and give vaccines, all while not having provider status and being able to bill out to insurance directly (some fat cat doctor under the "collaborative practice" agreement gets to bill out for all those), and provide counseling to new patients on new drugs, and provide counseling for OTC meds. It's absolutely an untenable situation for the profession. The thing that got Rite-Aid specifically was that some pharmacists reported them to the DOJ and DEA. When they investigated, they found evidence that Rite-Aid was deleting suspicious order flags in their internal database and just following through on orders without asking questions or keeping records that they had been flagged as suspicious before.
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Oct 16, 2023 17:41
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Leon Trotsky 2012 posted:There seems to be a block of House Republicans who want it to be known that they are very opposed to Jim Jordan as Speaker, but also not very organized. Narrator: The American people did not want Jim Jordan to be speaker
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Oct 16, 2023 17:45
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Overwork issues are all accurate, but besides the point of the opioid dispensing issue. The pharmacies that are getting hit are pharmacies where any reasonable person could tell there's something improper going on: prescribing clinics are known area pill mills, absurdly large quantities (eg 1200 tablets as a 30 day supply), etc. And the corporate entities, like Rite-Aid, getting hit are what should happen. Typically when you pull back the curtain on a ground-level chain pharmacy turning a blind eye to improper prescriptions, there are district or higher managers threatening the store employees to do it. The real tragedy is the lack of corporate management getting hit with individual consequences for their actions in pushing this kind of behavior. Edit: If I've got enough professional training to say "I won't dispense this, it'll destroy your kidneys and put you in the hospital," I'm also perfectly capable of saying "I won't dispense this, it'll destroy your drive to breath and put you in the hospital." PharmerBoy fucked around with this message at 17:51 on Oct 16, 2023 |
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Oct 16, 2023 17:45
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My first job was at an Eckerds that used to be a Fays that was in a mall. I'll be able to be one of those old people telling stories about things from my youth that don't exist anymore. It was across from a Woolworths that turned into a FYE.
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Oct 16, 2023 17:51
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mannerup fucked around with this message at 18:55 on Nov 5, 2023 |
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Oct 16, 2023 19:26
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borkencode posted:I've long thought that Dems should find some guy also named Ronald Reagan (or hell, just get Ronald Reagan Jr.) and get him on the ballot in a couple states, see if there's enough Florida voters unsure of what year it is to swing the state back to blue. I believe Reagons son Ronny is the complete opposite of how Reagan was and his name is close enough that I'm sure plenty of chuds would vote for him if he was on a ballet.
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Oct 16, 2023 19:53
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Charliegrs posted:I believe Reagons son Ronny is the complete opposite of how Reagan was and his name is close enough that I'm sure plenty of chuds would vote for him if he was on a ballet. Just like the great senator Jeff Johnson 
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Oct 16, 2023 19:56
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I’m just assuming Jim Jordan will inch away at the votes and become Speaker since that’s the most disgusting choice the Republicans can reasonable make at this moment.
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Oct 16, 2023 20:01
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mannerup posted:this take appears to have aged well with reporting this morning showing that the moderates, are indeed, caving You can't argue that Jim Jordan doesn't know his fellow Republicans every well.
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Oct 16, 2023 20:04
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STAC Goat posted:I’m just assuming Jim Jordan will inch away at the votes and become Speaker since that’s the most disgusting choice the Republicans can reasonable make at this moment. Part of me is leaning towards some of the "holdouts" flipping primarily because there is a 0% chance Jordan doesn't absolutely tank the job (and his political future).
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Oct 16, 2023 20:21
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Retro42 posted:Part of me is leaning towards some of the "holdouts" flipping primarily because there is a 0% chance Jordan doesn't absolutely tank the job (and his political future). the only thing having a chance of tanking his political future is being found guilty for covering up sexual assault at OSU, and even then I don't think that'll quite do it.
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Oct 16, 2023 20:23
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Angry_Ed posted:the only thing having a chance of tanking his political future is being found guilty for covering up sexual assault at OSU, and even then I don't think that'll quite do it. Maybe, but on the other hand, "being a Republican Speaker of the House" currently has a pretty impressive kill streak going.
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Oct 16, 2023 20:37
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Angry_Ed posted:the only thing having a chance of tanking his political future is being found guilty for covering up sexual assault at OSU, and even then I don't think that'll quite do it. I moved on her like a bitch. But I couldn’t get there. And she was married. Then all of a sudden I see her, she’s now got the big phony tits and everything. She’s totally changed her look....Yeah, that’s her. With the gold. I better use some Tic Tacs just in case I start kissing her. You know, I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait. And when you’re a star, they let you do it. You can do anything. Grab ’em by the pussy. You can do anything.
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Oct 16, 2023 20:43
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Quorum posted:Maybe, but on the other hand, "being a Republican Speaker of the House" currently has a pretty impressive kill streak going. Its possible Jordan may avoid this curse by simply never actually attempting to do his job or help keep the government running.
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Oct 16, 2023 20:44
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bird food bathtub posted:I moved on her like a bitch. But I couldn’t get there. And she was married. Then all of a sudden I see her, she’s now got the big phony tits and everything. She’s totally changed her look....Yeah, that’s her. With the gold. I better use some Tic Tacs just in case I start kissing her. You know, I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait. And when you’re a star, they let you do it. You can do anything. Grab ’em by the pussy. You can do anything. Still depressing/darkly hilarious that Billy Bush had his career ruined, was blacklisted from TV, and couldn't appear in public for several years afterwards over that tape and Trump went on to become President.
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Oct 16, 2023 20:49
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STAC Goat posted:Its possible Jordan may avoid this curse by simply never actually attempting to do his job or help keep the government running. Utterly on brand for Jordan to be Speaker and not manage to keep the government open or even pass a single bill. Seriously though, either he works with the Senate/Dems or the govt stays closed until we get a new Speaker. I'm fairly certain Jordan even saying a single polite word to a Dem loses him 5% in his district. I can't think of a single GOP member that could get AND pull off the job right now and still have a seat after the elections.
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Oct 16, 2023 20:50
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So if Jordan becomes speaker then will it have been a massive mistake for the Dems to not just vote for McCarthy when they had the chance? Especially if they could have gotten some concessions out of it? Like say what you want about Mcarthy but he's nowhere near as insane as Jordan. Do we really think Jordan would prevent a govt shutdown the way Mcarthy did? Also Ukraine is completely screwed with Jordan as speaker.
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Oct 16, 2023 21:01
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Charliegrs posted:So if Jordan becomes speaker then will it have been a massive mistake for the Dems to not just vote for McCarthy when they had the chance? Especially if they could have gotten some concessions out of it? Like say what you want about Mcarthy but he's nowhere near as insane as Jordan. Do we really think Jordan would prevent a govt shutdown the way Mcarthy did? Also Ukraine is completely screwed with Jordan as speaker. Nah. McCarthy'd still be running the Hastert rule. If he didn't his own caucus would tear him down. So there's no point.
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Oct 16, 2023 21:08
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McCarthy didn't even even hint that he was open to concessions, so there's no point putting that on Dems. I can't think of any stupider move for a party than to save the other party from their own stupidity without getting anything from it.
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Oct 16, 2023 21:09
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Charliegrs posted:So if Jordan becomes speaker then will it have been a massive mistake for the Dems to not just vote for McCarthy when they had the chance? Especially if they could have gotten some concessions out of it? Like say what you want about Mcarthy but he's nowhere near as insane as Jordan. Do we really think Jordan would prevent a govt shutdown the way Mcarthy did? Also Ukraine is completely screwed with Jordan as speaker. Mccarthy never offered concessions. The Democrats are better off letting the Republicans fully own their own inadequacies instead of bailing them out for free.
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Oct 16, 2023 21:16
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Mccarthy only prevented a government shutdown by sheer incompetence. He expected the Dems would refuse a CR without additional ukraine money so he could grandstand about how dems were responsible for the shutdown
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Oct 16, 2023 21:24
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Charliegrs posted:So if Jordan becomes speaker then will it have been a massive mistake for the Dems to not just vote for McCarthy when they had the chance? Especially if they could have gotten some concessions out of it? Like say what you want about Mcarthy but he's nowhere near as insane as Jordan. Do we really think Jordan would prevent a govt shutdown the way Mcarthy did? Also Ukraine is completely screwed with Jordan as speaker. There's no functional difference between Speaker McCarthy and Speaker Jordan. The Democrats gained absolutely nothing from saving Kevin, as he refused any sort of concessions. As a result the only difference is that the Republicans are trying to put up someone who is actually even more unlikable than Kevin. I'm still not convinced Jordan is even close to actually clenching this thing. Scumbag had like 80 votes he needed to pick up, and we all know that it only takes a couple hold outs to tank his election. I'm especially skeptical while McCarthy continues to make sure everyone knows that he's not at all hungry while his stomach is loudly rumbling and he's drooling while looking with pleading eyes.
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Oct 16, 2023 21:30
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Fork of Unknown Origins posted:Mccarthy never offered concessions. The Democrats are better off letting the Republicans fully own their own inadequacies instead of bailing them out for free. I mean McCarthy went down in about the funniest way possible and obviously Democrats owed him nothing, but I keep hearing talk about leaving Republicans to clean up their own mess and don't really know what it means exactly. What exactly would Democrats have been bailing them out of? A few extra weeks of wrangling?
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Oct 16, 2023 21:36
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AKA Pseudonym posted:I mean McCarthy went down in about the funniest way possible and obviously Democrats owed him nothing, but I keep hearing talk about leaving Republicans to clean up their own mess and don't really know what it means exactly. What exactly would Democrats have been bailing them out of? A few extra weeks of wrangling? The Democrats and (relatively) moderate Republicans could’ve easily kept McCarthy in the Speaker role. But if he didn’t offer concessions then all that would do would be to not force the GOP to figure their own poo poo out, while more or less signing off on McCarthy doing the same GOP bullshit that he was and the same GOP bullshit Jordan will do. A bunch of Republicans are going to either have to vote for a more moderate Republican or a crazy person and Democrats in competitive districts will be able to harangue them about it. That’s good. Make them all go on record for the same guy.
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Oct 16, 2023 21:41
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So is Jordan's best chance to get elected speaker going to be in 30ish days when another government shutdown is looming?
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Oct 16, 2023 21:41
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AKA Pseudonym posted:I mean McCarthy went down in about the funniest way possible and obviously Democrats owed him nothing, but I keep hearing talk about leaving Republicans to clean up their own mess and don't really know what it means exactly. What exactly would Democrats have been bailing them out of? A few extra weeks of wrangling? Dems "could" have voted against the Motion to Vacate. They could have said "meh, we'll keep McCarthy in the job I GUESS". I'm sure I'll be corrected if I'm wrong but the final tally was 8 GOP (Gaetz and the like) + the Dems to give the majority approval to the motion. What's TRULY funny is that the undercurrent has been from some Dems of "If McCarthy wasn't such a lying POS we would have helped" and it's 100% true. Both McCarthy and the GOP as a whole made this mess in their own special ways.
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Oct 16, 2023 21:44
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