Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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A second ‘FAANG’ stock just went red for the year as popular tech trade dies

While Facebook turned negative a few months ago, Alphabet became the second major tech company to go negative. Tech stocks overall were hit hard Tuesday as the Nasdaq Composite Index slid another 1.2 percent. Facebook and Alphabet are just two of the companies that make up the group of large tech stocks commonly known as FAANG. Still, the three other FAANG stocks hung onto their gains for the year. Clarification: This story was revised to clarify the timing of the decline of more than $1 trillio


While Facebook turned negative a few months ago, Alphabet became the second major tech company to go negative. Tech stocks overall were hit hard Tuesday as the Nasdaq Composite Index slid another 1.2 percent. Facebook and Alphabet are just two of the companies that make up the group of large tech stocks commonly known as FAANG. Still, the three other FAANG stocks hung onto their gains for the year. Clarification: This story was revised to clarify the timing of the decline of more than $1 trillio
A second ‘FAANG’ stock just went red for the year as popular tech trade dies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: lauren feiner, anindito mukheriee, bloomberg, getty images
Keywords: news, cnbc, companies, faang, stocks, trade, apple, popular, tech, trillion, stock, second, went, dies, alphabet, google, company, netflix, red, facebook


A second 'FAANG' stock just went red for the year as popular tech trade dies

Facebook and Google parent company Alphabet stocks are now down for the year. While Facebook turned negative a few months ago, Alphabet became the second major tech company to go negative.

Tech stocks overall were hit hard Tuesday as the Nasdaq Composite Index slid another 1.2 percent. Facebook and Alphabet are just two of the companies that make up the group of large tech stocks commonly known as FAANG. The others are Amazon, Apple and Netflix. As of Tuesday, the FAANG stocks have lost more than $1 trillion from their recent highs.

Still, the three other FAANG stocks hung onto their gains for the year. As of Tuesday, Amazon was up 30 percent year to date, Apple was up 5.7 percent and Netflix was up nearly 42 percent.

Facebook was down more than 25 percent this year and Alphabet was down more than 2 percent as of Tuesday. The year has been tumultuous for Facebook, which has faced a series of scandals involving misinformation on its platform and questions over data privacy. Google employees walked out of offices around the world earlier this month after The New York Times reported that the company had paid out a $90 million exit package to a former executive who was accused of sexual misconduct.

Clarification: This story was revised to clarify the timing of the decline of more than $1 trillion in market value for FAANG stocks.

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Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: lauren feiner, anindito mukheriee, bloomberg, getty images
Keywords: news, cnbc, companies, faang, stocks, trade, apple, popular, tech, trillion, stock, second, went, dies, alphabet, google, company, netflix, red, facebook


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Arlan Hamilton went from sleeping in an airport to running a multimillion-dollar venture capital firm

Arlan Hamilton went from sleeping in an airport to running a multimillion-dollar venture capital firm21 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Arlan Hamilton, founder and managing partner of Backstage Capital, has overcome many obstacles to create a multimillion-dollar capital firm. Here’s her story and how she’s making a difference today.


Arlan Hamilton went from sleeping in an airport to running a multimillion-dollar venture capital firm21 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Arlan Hamilton, founder and managing partner of Backstage Capital, has overcome many obstacles to create a multimillion-dollar capital firm. Here’s her story and how she’s making a difference today.
Arlan Hamilton went from sleeping in an airport to running a multimillion-dollar venture capital firm Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19
Keywords: news, cnbc, companies, multimilliondollar, capital, airport, view, try, arlan, firm, flash, enabled, went, running, venture, browser, hamilton, sleeping


Arlan Hamilton went from sleeping in an airport to running a multimillion-dollar venture capital firm

Arlan Hamilton went from sleeping in an airport to running a multimillion-dollar venture capital firm

21 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Arlan Hamilton, founder and managing partner of Backstage Capital, has overcome many obstacles to create a multimillion-dollar capital firm. Here’s her story and how she’s making a difference today.


Company: cnbc, Activity: cnbc, Date: 2018-11-19
Keywords: news, cnbc, companies, multimilliondollar, capital, airport, view, try, arlan, firm, flash, enabled, went, running, venture, browser, hamilton, sleeping


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Here’s how much workers in other countries need to retire

If you think having retirement savings equivalent to twice your salary by the time you’re 35 is a tough pill to swallow, be glad you don’t live in Hong Kong. Or Germany. Fidelity Investments — whose retirement benchmark advice for U.S. workers went viral earlier this year — has taken its act global. The brokerage firm released Wednesday its first sets of retirement guidelines and age-based savings milestones for workers in Canada, Germany, Hong Kong, Japan and the United Kingdom. “Many employers


If you think having retirement savings equivalent to twice your salary by the time you’re 35 is a tough pill to swallow, be glad you don’t live in Hong Kong. Or Germany. Fidelity Investments — whose retirement benchmark advice for U.S. workers went viral earlier this year — has taken its act global. The brokerage firm released Wednesday its first sets of retirement guidelines and age-based savings milestones for workers in Canada, Germany, Hong Kong, Japan and the United Kingdom. “Many employers
Here’s how much workers in other countries need to retire Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: kelli b grant, vladimir vladimirov, istock, getty images, -jeanne thompson, retirement expert, fidelity investments
Keywords: news, cnbc, companies, workers, wanted, savings, retirement, united, retire, went, heres, hong, kong, viral, need, youre, countries


Here's how much workers in other countries need to retire

If you think having retirement savings equivalent to twice your salary by the time you’re 35 is a tough pill to swallow, be glad you don’t live in Hong Kong. Or Germany.

Fidelity Investments — whose retirement benchmark advice for U.S. workers went viral earlier this year — has taken its act global. The brokerage firm released Wednesday its first sets of retirement guidelines and age-based savings milestones for workers in Canada, Germany, Hong Kong, Japan and the United Kingdom.

“Many employers wanted the same types of numbers overseas,” said Jeanne Thompson, a retirement expert with Fidelity, pointing to the firm’s businesses abroad and with multinational companies.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: kelli b grant, vladimir vladimirov, istock, getty images, -jeanne thompson, retirement expert, fidelity investments
Keywords: news, cnbc, companies, workers, wanted, savings, retirement, united, retire, went, heres, hong, kong, viral, need, youre, countries


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T-Mobile just let students redesign a crucial part of its website and this is what happened

The winning team focused on streamlining the digital experience with T-Mobile and presented a simplified version of the online path a potential customer might take, estimating their improvements would make T-Mobile an additional $8.1 million in annual revenue. “Sometimes it takes an external fresh pair of eyes to say: ‘This is really hard to find’,” Richardson said. “And it was a little bit of a dentist’s chair experience sitting through six finalist teams run through how terrible they felt (par


The winning team focused on streamlining the digital experience with T-Mobile and presented a simplified version of the online path a potential customer might take, estimating their improvements would make T-Mobile an additional $8.1 million in annual revenue. “Sometimes it takes an external fresh pair of eyes to say: ‘This is really hard to find’,” Richardson said. “And it was a little bit of a dentist’s chair experience sitting through six finalist teams run through how terrible they felt (par
T-Mobile just let students redesign a crucial part of its website and this is what happened Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lucy handley
Keywords: news, cnbc, companies, happened, let, winning, teams, students, service, redesign, team, run, website, crucial, know, went, tmobile, experience


T-Mobile just let students redesign a crucial part of its website and this is what happened

The task was part of a partnership with Adobe, which has run an annual analytics challenge since 2005, where teams of students compete to win a $35,000 prize as well as potential employment. MGM Resorts International, Sony PlayStation, Starwood and Lenovo are some of the companies that have run challenges, with entrants given access to Adobe’s technology to solve live business problems.

The winning team focused on streamlining the digital experience with T-Mobile and presented a simplified version of the online path a potential customer might take, estimating their improvements would make T-Mobile an additional $8.1 million in annual revenue.

“Sometimes it takes an external fresh pair of eyes to say: ‘This is really hard to find’,” Richardson said. Watching the students’ presentations wasn’t always an easy experience, he added. “And it was a little bit of a dentist’s chair experience sitting through six finalist teams run through how terrible they felt (parts of the website experience) was.”

The winning team from the University of Utah also made Richardson reevaluate the importance of store visits and customer service calls.

“They said: ‘Right, we went and real-world tested this. We went to stores, we called the numbers. We walked through, we mystery shopped,’ … Well you know we probably don’t do that enough, so you know we feel like we know our service, but do we? And do we keep testing it on a very regular basis?”

Richardson expects to fly 20 semifinalists from the challenge to its head office in the Seattle area for introductions to the company and intends to hire ten people.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lucy handley
Keywords: news, cnbc, companies, happened, let, winning, teams, students, service, redesign, team, run, website, crucial, know, went, tmobile, experience


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With 65 percent of S&P in correction, maybe it is time for bonds again

Since these bond funds won’t actually have a finite maturity date, you could rebalance them periodically since their dollar amounts will fluctuate, some more than others. This way, you could stick with an appropriate risk/reward level and take advantage of price discrepancies between the bond funds. Obviously, the value of all four positions has changed, which offers a chance to the investor to rebalance the bond funds back to the original allocations. Newer bond ETFs offer the diversification o


Since these bond funds won’t actually have a finite maturity date, you could rebalance them periodically since their dollar amounts will fluctuate, some more than others. This way, you could stick with an appropriate risk/reward level and take advantage of price discrepancies between the bond funds. Obviously, the value of all four positions has changed, which offers a chance to the investor to rebalance the bond funds back to the original allocations. Newer bond ETFs offer the diversification o
With 65 percent of S&P in correction, maybe it is time for bonds again Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: mitch goldberg, guest contributor, scott olson, getty images, stephanie keith, michael phillips, chip somodevilla, scott mlyn, eddie seal
Keywords: news, cnbc, companies, maturity, correction, fund, sp, bonds, interest, bond, went, maybe, rates, etfs, investor, 65, funds


With 65 percent of S&P in correction, maybe it is time for bonds again

1. For individual bonds, you can ladder them.

This means buying bonds with consecutive annual maturities, i.e., maturing every year for the next five years, and when the bond that matures in one year matures, reinvest the principal into a new bond with a five-year maturity. It’s a compromise that allows for adjustments to changes in interest rates and inflation, but it lowers your interest income because you didn’t invest all of your funds into just the five-year bond.

2. With traditional mutual funds, you can build a diversified portfolio of bonds and maturities.

Since these bond funds won’t actually have a finite maturity date, you could rebalance them periodically since their dollar amounts will fluctuate, some more than others. This way, you could stick with an appropriate risk/reward level and take advantage of price discrepancies between the bond funds.

For example, let’s say an investor invests an equal amount into a money market fund yielding 2 percent and three different kinds of investment-grade bond ETFs: short-term, mid-term and long-term. Due to rising interest rates, the long- term went down 12 percent, the mid-term one went down 6 percent, and the short term one went down 2 percent, while the money market fund was up by 2 percent. Obviously, the value of all four positions has changed, which offers a chance to the investor to rebalance the bond funds back to the original allocations.

3. Newer bond ETFs offer the diversification of a bond fund with the maturity date of an individual bond.

ETF companies, including BlackRock and Invesco, have developed bond ETFs, both corporate and munis, with maturity dates. I use these to build highly diversified, laddered bond portfolios. They make this last part much easier to execute and understand. An investor can use these ETFs to build out a portfolio with consecutive annual maturities, reinvesting this year’s maturing bond ETF into a new one five years out.

It’s often been said that bonds are boring, but this year’s declines as the Fed raises rates have made them more exciting — and frightening. But for most of my clients who invest in them, the boring nature for which bonds can usually be depended on is a good thing.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: mitch goldberg, guest contributor, scott olson, getty images, stephanie keith, michael phillips, chip somodevilla, scott mlyn, eddie seal
Keywords: news, cnbc, companies, maturity, correction, fund, sp, bonds, interest, bond, went, maybe, rates, etfs, investor, 65, funds


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Bidding is on for the most expensive home ever to hit the auction block

The glut of hyperpriced mansions and luxury properties sitting on the market across the country has led sellers to turn to an unlikely solution: auctions. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according to real estate analysts and auction companies. The most expensive home ever offered at auction came back on the block this week. The property, called Playa Vista Isle, in Hillsboro Beach, Florida, went on the market in 2014 for $139 mil


The glut of hyperpriced mansions and luxury properties sitting on the market across the country has led sellers to turn to an unlikely solution: auctions. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according to real estate analysts and auction companies. The most expensive home ever offered at auction came back on the block this week. The property, called Playa Vista Isle, in Hillsboro Beach, Florida, went on the market in 2014 for $139 mil
Bidding is on for the most expensive home ever to hit the auction block Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: robert frank, source, concierge auctions, concierge auction
Keywords: news, cnbc, companies, auction, bidding, market, estate, went, week, listed, sellers, hit, block, country, million, expensive


Bidding is on for the most expensive home ever to hit the auction block

The glut of hyperpriced mansions and luxury properties sitting on the market across the country has led sellers to turn to an unlikely solution: auctions.

Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according to real estate analysts and auction companies.

The most expensive home ever offered at auction came back on the block this week. The property, called Playa Vista Isle, in Hillsboro Beach, Florida, went on the market in 2014 for $139 million, making it the most expensive home listed in the country at the time. It was later listed for $159 million, then pulled from the market in 2016.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: robert frank, source, concierge auctions, concierge auction
Keywords: news, cnbc, companies, auction, bidding, market, estate, went, week, listed, sellers, hit, block, country, million, expensive


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Quanttus: Blood pressure startup alumns at Apple, Amazon, Verily, Nike

Many of these companies now have blood pressure projects of their own. Verily, Microsoft, Apple and Samsung all have teams working on the problem, and have been dabbling in the blood pressure space for years, according to multiple sources familiar with their internal projects. “Sensor technology is advancing quickly,” said Jack Ahn, vice president of Samsung health strategy and R&D, in an interview. “We are paying attention and we want to bring that capability (continuous blood pressure monitori


Many of these companies now have blood pressure projects of their own. Verily, Microsoft, Apple and Samsung all have teams working on the problem, and have been dabbling in the blood pressure space for years, according to multiple sources familiar with their internal projects. “Sensor technology is advancing quickly,” said Jack Ahn, vice president of Samsung health strategy and R&D, in an interview. “We are paying attention and we want to bring that capability (continuous blood pressure monitori
Quanttus: Blood pressure startup alumns at Apple, Amazon, Verily, Nike Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-10  Authors: christina farr, david he
Keywords: news, cnbc, companies, apple, space, quanttus, amazon, pressure, verily, blood, samsung, health, went, nike, tech, startup, alumns, microsoft


Quanttus: Blood pressure startup alumns at Apple, Amazon, Verily, Nike

Notable alumns include co-founder David He, an MIT researcher who went on to become the technical lead at Alphabet’s health tech group, Verily, bringing at least three top engineers with him. His labmate on the academic project, Eric Winokur, did not join Quanttus but went on to join Apple as an engineer behind the original Apple Watch heart rate monitor.

Then there’s Yoky Matsouka, a short-lived former Quanttus CEO, who went on to the Apple health team in 2016 before joining Alphabet’s home-automation division, Nest, as its Chief Technology Officer the following year. Jordan Rice, who managed hardware at Quanttus and ran the team behind the watch, is now a senior hardware leader at Nike. Maulik Majmudar, the resident cardiologist who helped lead Quanttus clinical studies, went to Amazon in August for a new health-tech bet. Euan Thompson, a board member and interim CEO, went on to become the head of digital health at Samsung and is now at Johnson & Johnson. Other alumns joined Facebook, Microsoft, Fitbit, AthenaHealth and the Chan Zuckerberg Initiative. The list goes on and on.

Many of these companies now have blood pressure projects of their own.

Verily, Microsoft, Apple and Samsung all have teams working on the problem, and have been dabbling in the blood pressure space for years, according to multiple sources familiar with their internal projects. (Verily and Apple declined comment. Microsoft did not return a request for comment.) Apple, Microsoft and Samsung have all applied for one or more patents in the space, too.

Samsung has been the most public about its efforts, as it has a blood pressure-related partnership with UC San Francisco. “Sensor technology is advancing quickly,” said Jack Ahn, vice president of Samsung health strategy and R&D, in an interview. “We are paying attention and we want to bring that capability (continuous blood pressure monitoring) to the wearable.”

The first to crack it will be richly rewarded. A May 2017 report from Grand View Research puts the market for blood pressure monitoring at nearly $12 billion by 2025. Other investors in the space say it’s more like $40 billion, if you include all the potential applications for more continuous monitoring with a wearable.

If these tech giants succeed, Quanttus may turn out be the most influential failed tech company since General Magic, which anticipated the mobile revolution in the early 1990s and boasts alumns like Android co-creator Andy Rubin, iPod creator and Nest co-founder Tony Fadell and eBay founder Pierre Omidyar.

To learn more about Quanttus and its tantalizing brush with success, CNBC spoke to nine former Quanttus employees and boardmembers, some on the condition of anonymity as they are not authorized by their current employer to talk to press.

They shared new insight into the company’s wild history, including high-level talks with Fitbit to buy the company shortly after its IPO in mid-2015. Others spoke about secretive meetings with Apple, Fitbit and Samsung to discuss potential collaborations, investments, and other opportunities, which gave employees a reason to believe that they were onto something big.


Company: cnbc, Activity: cnbc, Date: 2018-11-10  Authors: christina farr, david he
Keywords: news, cnbc, companies, apple, space, quanttus, amazon, pressure, verily, blood, samsung, health, went, nike, tech, startup, alumns, microsoft


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How this couple retired in their 30s with more than $1 million saved

How this couple retired in their 30s with more than $1 million saved4 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Justin and Kaisorn McCurry went from $49,000 to seven-figures in a decade.


How this couple retired in their 30s with more than $1 million saved4 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Justin and Kaisorn McCurry went from $49,000 to seven-figures in a decade.
How this couple retired in their 30s with more than $1 million saved Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09
Keywords: news, cnbc, companies, view, went, saved4, browser, enabled, 30s, flash, million, sevenfigures, try, site, retired, couple, saved


How this couple retired in their 30s with more than $1 million saved

How this couple retired in their 30s with more than $1 million saved

4 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Justin and Kaisorn McCurry went from $49,000 to seven-figures in a decade.


Company: cnbc, Activity: cnbc, Date: 2018-11-09
Keywords: news, cnbc, companies, view, went, saved4, browser, enabled, 30s, flash, million, sevenfigures, try, site, retired, couple, saved


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Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women. Ginsburg, the second of four women to serve on the high cour


Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women. Ginsburg, the second of four women to serve on the high cour
Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: tucker higgins, joanne rathe, the boston globe, getty images
Keywords: news, cnbc, companies, ginsburg, bader, ribs, court, fractured, went, serve, ruth, justice, supreme, 85, womens, breaks, fall


Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. The 85-year-old liberal justice was admitted to a hospital Thursday.

Ginsburg’s health has been a matter of intense speculation in recent years. The court’s oldest member, Ginsburg has survived multiple bouts with cancer, and in 2014 underwent a procedure to have a stent placed in her right coronary artery.

The fall happened Wednesday evening.

“She went home, but after experiencing discomfort overnight, went to George Washington University Hospital early this morning,” the court said in a statement Thursday. “Tests showed that she fractured three ribs on her left side and she was admitted for observation and treatment.”

It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. The court said at the time that despite the fracture, Ginsburg “did not skip a beat.”

The Brooklyn-native, one of four liberal justices on the nine-member court, has said she plans to serve on the bench until she is 90, and has hired law clerks through 2020.

Her approach to the law has been described as cautious, though she has been influential in shaping jurisprudence in cases involving gender discrimination, women’s reproductive health and international law.

She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women.

Ginsburg, the second of four women to serve on the high court, was appointed by President Bill Clinton in 1993. Before joining the court, she worked as the director of the ACLU’s Women’s Rights Project.

News of Ginsburg’s fall comes on the same morning as the formal investiture of Justice Brett Kavanaugh, President Donald Trump’s second nominee to the high court.

The court said that more information would be provided as it became available.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: tucker higgins, joanne rathe, the boston globe, getty images
Keywords: news, cnbc, companies, ginsburg, bader, ribs, court, fractured, went, serve, ruth, justice, supreme, 85, womens, breaks, fall


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