On PR Newswire: Boy Scouts File for Chapter 11, U.S. Economy Resilient, World’s Best New Hotels Named
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy:
The Boy Scouts of America Files for Chapter 11 Bankruptcy to Equitably Compensate Victims While Ensuring Scouting Continues Across the Country
The Boy Scouts of America (BSA) today (Feb. 18) announced that the national organization has filed for bankruptcy under chapter 11 of the U.S. bankruptcy code to achieve two key objectives: equitably compensate victims who were harmed during their time in scouting and continue carrying out its mission for years to come. The BSA intends to use the chapter 11 process to create a Victims Compensation Trust that would provide equitable compensation to victims.
U.S. Economic Resilience on Display as Coronavirus and Manufacturing Concerns Reverberate Through Markets
Expectations for full-year 2020 and 2021 real gross domestic product (GDP) growth were improved by one-tenth to 2.2% and 2.1%, respectively, on a projected substantial upgrade to business fixed investment later this year, according to the latest commentary from the Fannie Mae Economic & Strategic Research (ESR) Group. A strong January jobs report, perhaps augmented by unusually warm temperatures, featured solid wage growth and better-than-consensus non-farm payroll growth, including in residential construction.
For the second consecutive year, the U.S. experienced a small decline in roadway deaths, according to preliminary estimates released today (Feb. 20) from the National Safety Council. In 2019, an estimated 38,800 people lost their lives to car crashes – a 2% decline from 2018 (39,404 deaths) and a 4% decline from 2017 (40,231 deaths). Approximately 4.4 million people were seriously injured in crashes last year – also a 2% decrease over 2018 figures.
Travel + Leisure Releases 15th Annual It List, an Editor-Curated Collection of the Best New Hotels in the World
Meredith Corp.’s Travel + Leisure released its 15th annual It List, a selection of the top new and renovated hotels in the world. The list is available on TravelandLeisure.com and in the March issue, available on newsstands Feb. 21.
‘Chasing Whiskey’ Documentary Brings the Untold Story of Jack Daniel’s to Cinema Audiences Nationwide – May 11 Only
The new documentary “Chasing Whiskey – The Untold Story of Jack Daniel’s” premieres in movie theaters across the country as a one-night event on May 11. More than a simple narrative of the origins and impact of Jack Daniel’s, the documentary joins Tim Matheson, Shooter Jennings, Eric Church, John Grisham, Tina Sinatra, and more on a 57,000 mile journey across five countries and 17 time zones that is equal parts thought provoking, insightful, moving, and hilarious.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.