Instant Brands will continue operating as usual during the bankruptcy process with help from $132.5 million in new financing.
It’s Chapter 11 reorganization, not a liquidation. I think they’re big enough that they’re not going to go anywhere, but they have to adopt a new, much smaller, business model, since pressure cookers aren’t as cool as they were 5 years ago.
SBC also voted to affirm the explusions of two churches, including Saddleback Church, which was founded by highly respected author Rick Warren and is one of the largest baptist churches in the country. They claim nearly 25,000 people in weekly attendance. And Warren’s books, including “The Purpose-Driven Life,” are used all over, including in my then-relatively liberal Lutheran church. https://en.wikipedia.org/wiki/Saddleback_Church
They were expelled because a woman acted as a youth pastor.
Wow. That’s like kicking the Yankees out of MLB because the league thinks that players should be able to have long hair.