24 Hour Fitness Files for Bankruptcy Amid Onslaught of Gym Closures

24 Hour Fitness Worldwide Inc. sought court protection from its creditors, unable to keep up with debt obligations after the prolonged shutdown caused by coronavirus outbreak.

 

The fitness chain’s Chapter 11 petition was filed in Delaware, court documents show. Chapter 11 allows a business to keep working while it works out a plan to pay its creditors and facilitate its debt load.

 

Before the onslaught of this coronavirus, middle-tier operators like 24 Hour struggled with client defections to higher-end or budget-friendly fitness options. The fitness center operator posted a 2% earnings decrease in unaudited fourth-quarter earnings.

 

Privately held 24 Hours, with over 430 clubs and based in San Ramon, California, reported a slip in 2019 earnings partially due to the rocky introduction of an automated method for checking in and signing up clients. Memberships at the company fell to 3.4 million in 2019’s third quarter in 3.5 million in the second quarter, according to Moody’s Investors Service.

 

Cancellation Cost

Cancellations are killers for health spas. It costs two times as much to recruit a new member as it does to retain an existing one.

 

Chief Executive Officer Tony Ueber needed to close all the chain’s gyms in the middle of March, based on other companies across the U.S., to block the spread of this virus. The business completely attracted its 120 million credit line to cope with the expected impact of the pandemic.

 

Management was in discussions with lenders to rework its debt load, but negotiations ended in a stalemate around the time of the closures, 24 Hour Fitness said in a March 23 earnings report.

 

The case is Bankruptcy Petition Number: 20-11558, U.S. Bankruptcy Court for the District of Delaware.

 

Rewards Day: a brief history of This holiday

Sunday is Flag Day, which commemorates the adoption of this flag of the USA.

According to legend, President George Washington commissioned Philadelphia seamstress Betsy Ross to develop a flag for the new state. Nevertheless, the Library of Congress accounts that scholars actually charge the flag design to Francis Hopkinson, who designed the Great Seal and the very first coin of the USA.

Critics also state it is exceedingly probable the Ross met Washington and also did sew ancient flags within her household’s Philadelphia upholstery shop.

You’ve now been 27 official models of this united states flag, each using a random arrangement of those stars, before 1912 when President Taft Quantify the then-new flag forty-eight celebrities into six rows of eight.

Even a forty-ninth and fiftieth celebrity have been included with the flag to represent all countries from the marriage.

The united states started observing Flag Day in 1916. That is when President Woodrow Wilson issued a presidential proclamation launching a federal Flag Day on June 14.

Juvenile legislation designating that date whilst the federal Flag Day was signed into law by President Harry Truman in 1949. The law also calls for the president to issue a flag afternoon proclamation annually.

President Donald-trump published the subsequent proclamation for Flag Day 20 20:

About Flag Day and through the duration of National Flag Week we pay tribute to the flag, that the very recognizable emblem of these fundamentals for our Republic stands. For at least 200 decades, the Stars and Stripes have symbolized freedom, faith, and the principle of law enforcement. Recently, since our Nation has a bond to reply to the coronavirus pandemic, our flag was a reminder of their courage, tenacity, and devotion to define the indomitable American spirit.

Our great flag induces us to signify humbly on the resale cost that’s been paid to maintain it”thus gallantly streaming” During our country’s history, joyful patriots have nobly replied the call of responsibility in which our country needed them. The Star-Spangled Banner functions as an everlasting remembrance of the sacrifices personalities of every production have made in battles from the Revolutionary War for the wars in Iraq and Afghanistan. Our flag helps to ensure we overlook the extraordinary sacrifices our people in uniform are forced to guard our independence and lifestyle.

This past year, Old Glory has waved over tens of thousands of brave Americans fighting the invisible enemy, most frequently in danger with their own wellness and health. Through the entire coronavirus outbreak, health professionals have repeatedly treated and maintained people sickened by the herpes virus, and innumerable American patriots have provided critical services and goods with their citizens in such uncertain situations. These dedicated folks have risen to the process, fulfilling the herpes virus on the front lines with the same certainty and unwavering determination that’s enabled our Country to overcome previous trials. As we lurk in these battles, we’ll emerge victorious against this enemy and raise our flag in victory.

The flag reflects the motto of the country and its own people. Irrespective of what could split unsold Glory needs to be respected and precious, being a sign of all that makes America the best nation on the planet. Once we respect our stunning flag this particular day and all through this week, why don’t we vow to not forget that the enormous sacrifices made by patriots in a generation to production to make certain that the reddish, white blue has been soar high and loose? Now, and every single day, I’m very happy to join my fellow Americans in position and saluting our amazing American flag.

492), designated June 14 of each year as”Flag Day” and asked that the President issue a yearly proclamation calling for its observance and for its display of the flag of the USA on all government buildings. 194), which the President issue annually a proclamation designating the week in which June 14 occurs as”National Flag Week” and calling all the citizens of the United States to display the flag during this week.

NOW, THEREFORE, I, DONALD J. TRUMP,” President of the United States, do hereby proclaim June 14, 20 20, as Flag Day, and also the week beginning June 14, 20 20, as National Flag Week. I direct the right officials to display the flag on all government buildings in this past week, and that I encourage all Americans to observe Flag Day and National Flag Week by demonstrating the flag.

‘Extraordinarily dangerous’: Trump rally Brings grave concerns out of top health officials

After months off from the campaign trail, President Donald Trump intends to rally his assistants next Saturday for its first time as the majority of the nation was crushed by the coronavirus.

The Tulsa City-County Health Department’s manager told the Tulsa World during the weekend he wanted the Trump effort could go back the date for a”significant upsurge in our case tendencies”

“I am worried about our capacity to protect anybody who attends a big, indoor occurrence, and I am also concerned with our capacity to be sure the president remains safe also,” Dr. Bruce Dart told the paper.

Other wellness experts also cite that the threat of illness spreading one of the audience and sparking outbreaks while folks return to their own homes. The Trump campaign itself admits that the hazard at a waiver attendees must accept absolve them of any responsibility if people get sick.

Why Is THE RALLY High-risk?

Trump’s rally is going to be held inside, in a 19,000-seat stadium that’s canceled the other events throughout the close of July. Researchers believe that the virus spreads a lot more readily in crowded enclosed spaces since it really does outdoors, where the burrowing atmosphere has a much better likelihood of spreading virus particles.

The Centers for Disease Control and Prevention summarizes the maximum hazard events such as the transmission of their coronavirus such as: “Large in-person gatherings where it’s hard for people to stay pliable at 6 feet apart and attendees traveling from out the local space ” The CDC advocates cloth masks in regions where people could yell or chant.

Trump’s rallies on average attract thousands and thousands of fans. They generally stand out in line all day before departure through airport-style security and studying in a stadium, where they sit alongside or stand shoulder to shoulder. The rallies are generally raucous, together with much yelling, cheering, and chanting. Many individuals dance and jeer at coworkers. Some times protesters are satisfied with violence until they have been removed by collateral.

Lots of attendees are somewhat elderly, which could put them at higher risk of acute complications in COVID-19. It isn’t uncommon for many individuals within the audience to take medical care once the temperature climbs.

The rallies additionally normally draw fans from neighboring states and towns. Some die-hard fans traveling in the united states from rally to rally such as groupies to get a ring.

Dr. Ashish Jha, director of Harvard’s Global Health Institute, predicted the coming Trump rally”a remarkably dangerous movement for those people engaging and the men and women who might understand them love them and watch them later.”

Trump assistants originating from neighboring cities and nations might hold the virus home, Jha said. “I would feel exactly the exact same way if Joe Biden were still holding a rally”

OKLAHOMA CASES Low-but RISING

In its ultimate period of reopening, Oklahoma now lets public parties of almost any size for as long as organizers believe societal bookmarking.

Their country offers a relatively lower death rate in contrast to the remainder of the country, but fresh cases are now rising. The Tulsa Health Department was exploring an epidemic linked to an inside gathering of a huge set.

Citing the spike in most cases, Dart said he desired the rally could be postponed to another date” once the herpes virus isn’t too large a problem as it is today.”

“I feel that it’s an honor for Tulsa to really have a sitting president desire ahead back and see our community, however, maybe not throughout a semester,” Dart said in a meeting Saturday with the Tulsa World.

Dart said the probability of spreading the herpes virus grows with high numbers of individuals opting for longer intervals.

Oklahoma health police stated that anybody who attends a substantial community event should have analyzed for COVID-19 briefly afterward.

Shelley Payne, manager of this LaMontagne Center for Infectious Disease at the University of Texas in Austin, said that the Trump rally matches every standard for its riskiest kind of occasion.

“I’d recommend that people wear masks and make an effort to maintain as much space as you possibly can,” Payne explained.

“Having a little misfortune, this scenario could wind from the seeding of public outbreaks of COVID-19 around the U.S.,” she explained.

Even the Trump effort has declined to answer repeated questions regarding whether it is going to require attendees to utilize masks, socially space, or take additional measures to decrease the chance of virus transmission.

Trump has made evident he considers empty chairs are lousy optics. “I can not imagine a rally where you’ve got every fourth chair full. Every — every six chairs are vacant for everybody else which you have full.

“When herpes can be involved we now have just two choices: we are able to let it dominate us or we are able to learn as far as we could about any of it and we are able to discover to live together at a safe- prescribed fashion,” he said on”Fox News Sunday.” “And that I believe that the next solution is the one which’s definitely going to be embraced.”

WHY NOW?

Trump was excited to restart the rallies which would be the centerpiece of the effort. The events let him gauge the type of rhetoric that’ll attract his fervent political foundation. Additionally, they help his effort enlarge its voter databases also will function as a comparison to Democratic challenger Biden, who’s suspended effort events due to herpes also it hasn’t drawn the exact same size of audiences.

However, your choice to pull on the trigger today was driven, in large part, by the bulk antiracism protests which have happened throughout the nation in the aftermath of George Floyd’s passing in Minneapolis. When it had been okay for tens and thousands of individuals to parade through the streets, demanding racial justice, then why can not Trump rally his fans, too?

Obviously, the protests were held out, with lots of participants.

“Any sizeable collecting, if of protesters or even ralliers, is reckless,” Jha said. However, the illness is not as likely in an external moving embryo than at a busy event in an enclosed space, ” he stated, mentioning the airflow.

Even the Trump effort, in appreciation of this hazard, has tried to guard itself against suits with waiver speech on its own enrollment site.

“By clicking register below, you’re admitting an inherent chance of vulnerability to COVID-19 is present in virtually any public location where people are found,” the effort counseled those enrolling to your rally. “By attending the Rally, you and some guests willingly assume all risks associated with the experience of COVID-19 and agree never to put up Donald J. Trump for President, Inc.” accountable for injury or illness.

Could We Achieve Interstellar Travel Using Only Known Physics?

For as long as human beings have been watching the night sky, we’ve dreamed of visiting other worlds and truly seeing what’s out there in the Universe. While our chemical-based rockets have taken us to a myriad of planets, moons, and other bodies in the Solar System, the farthest spacecraft ever launched by humanity — Voyager 1 — is only 22.3 billion kilometres (13.9 billion miles) from Earth: just 0.056% of the distance to the closest known star system. With current technology, it would take close to 100,000 years to travel to another star system.

But there’s no need to restrict ourselves to doing things the way we’re doing them right now. With the right technology, we could vastly improve how efficient it is to get a large-payload mass, perhaps even one that carried humans on board, to unprecedented distances across the Universe. In particular, there are four technologies that have the potential to take us to the stars on much shorter timescales. Here’s how.

1.) The nuclear option. At this point in human history, every rocket we’ve ever launched into space has one thing in common: it’s been propelled by chemical-based fuel. Yes, rocket fuel is a special mix of chemical fuels designed to maximize thrust, but the “chemical fuel” part is very important: it states that the reactions powering it relies on the rearrangement of bonds between various atoms to provide energy.

This is fundamentally limiting! For an atom, the overwhelming majority of its mass is in the atom’s nucleus: 99.95%. When you’re engaging in a chemical reaction, the electrons orbiting the atoms get rearranged, typically releasing somewhere around 0.0001% of the total mass of the atoms involved in the form of energy, via Einstein’s famous equation: E = mc². That means, for every 1 kilogram of fuel you load up your rocket with, you’ll only get the energy equivalent of somewhere in the ballpark of 1 milligram of mass out of the reaction.

But if you went with a nuclear-based fuel, that story changes dramatically. Instead of relying on changing how electrons are configured and how atoms are bonded together, you could release comparatively enormous amounts of energy by altering how atomic nuclei themselves are bound to one another. When you split apart a Uranium atom by bombarding it with a neutron, it emits an enormous amount of energy compared to any chemical-based reaction: 1 kilogram of U-235 fuel can release the energy equivalent of 911 milligrams of mass, a factor of ~1000 times more efficient than chemical-based fuels.

If we were to master nuclear fusion instead, such as with an inertial-confinement fusion system that was capable of fusing hydrogen into helium — the same chain reaction that takes place in the Sun — we could become even more efficient. Fusing 1 kilogram of hydrogen fuel into helium would turn 7.5 grams of mass into pure energy, making it nearly 10,000 times as efficient as chemical-based fuels.

The key is that we’d be able to achieve the same accelerations for a rocket for far longer periods of time: hundreds or even thousands of times as long, enabling us to reach speeds hundreds or thousands of times greater than conventional rockets achieve today. It could cut the interstellar travel time down to mere centuries or perhaps even decades. It’s a promising avenue that might be achievable, depending on how the technology develops, before we hit the year 2100.

2.) A space-based laser array. This was the main idea behind the “Breakthrough Starshot” concept that gained notoriety a few years ago, and it remains an exciting concept. Whereas conventional spacecraft rely on bringing their own fuel onboard and expending it to self-accelerate, the key idea at play here is that a large, high-powered laser array would provide the needed thrust to an external spacecraft. In other words, the source of the thrust would be separate from the spacecraft itself.

This is a fascinating concept, and a revolutionary one in many ways. Laser technology is successfully becoming not only more powerful but more highly collimated as well, which means that if we can engineer a sail-like material that could reflect a high enough percentage of that laser light, we could use that laser blast to accelerate a spacecraft to tremendous speeds away from the source of our array. A ~1 gram-mass “starship” could conceivably reach ~20% the speed of light, which would enable it to arrive at Proxima Centauri, our nearest star, in just 22 years.

Sure, we’d have to build a tremendous laser array: about 100 square kilometres’ worth of lasers, and we’d have to do it in space, but that’s a problem of cost, not science or technology. But there are technical problems that do need to be overcome for this to work, including:

  • an unsupported sail will begin to rotate, and requires some sort of (undeveloped) stabilizing mechanism,
  • the fact that there’s no way to decelerate once you make it to your destination since there’s no onboard fuel,
  • and even if you could scale it up to transport humans, the accelerations would be far too large — necessitating a large change in velocity over a short time — for a human to survive.

This technology could, perhaps, someday take us to the stars, but a successful plan to take humans up to ~20% the speed of light hasn’t yet come out.

3.) Antimatter fuel. If we’re going to bring fuel with us, we might as well make it the most efficient fuel possible: matter-antimatter annihilations. Rather than chemical-based or even nuclear-based fuels, where only a portion of the mass brought on board gets converted to energy, a matter-antimatter annihilation would convert 100% of the mass of both matter and antimatter into energy. This is the ultimate in efficiency for fuel: the prospect of converting all of it into energy that could be used for thrust.

The difficulty comes only in practice, and in particular, on three fronts:

  • the creation of stable, neutral antimatter,
  • the ability to isolate it away from normal matter and precisely control it,
  • and to produce it in large enough quantities that it could be useful for interstellar travel.

Excitingly enough, the first two challenges are already being overcome.

At CERN, the home of the Large Hadron Collider, there’s an enormous complex known as “the antimatter factory,” where at least six separate teams are researching the various properties of antimatter. They take antiprotons and slow them down, forcing positrons to bind with them: creating anti-atoms, or neutral antimatter.

They confine these anti-atoms in a vessel with alternating electric and magnetic fields, which effectively pin them in place, away from the container walls that are made of matter. At this point in time, mid-2020, they’ve successfully isolated and kept stable multiple anti-atoms for nearly an hour at the same time. At some point within the next few years, they’ll be good enough at this that they’ll be able to measure, for the first time, whether antimatter falls up or down in a gravitational field.

It’s not necessarily a near-term technology, but it could wind up being our fastest means of interstellar travel of all: an antimatter-driven rocket.

4.) A spacecraft powered by dark matter. This one, admittedly, relies on an assumption about whatever particle is responsible for dark matter: that it behaves like a boson, making it its own antiparticle. In theory, the dark matter that is its own antiparticle will have a small but non-zero chance of annihilating with any other dark matter particle it collides with, releasing energy that we could potentially leverage in the process.

There’s some potential evidence for this, as not only the Milky Way but other galaxies as well are observed to have an unexplained excess of gamma-rays coming from their galactic centres, where the dark matter density should be greatest. It’s always possible that there’s a mundane astrophysical explanation for this — such as pulsars — but it’s also possible that dark matter is annihilating with itself in the centres of galaxies, bringing up an incredible possibility: a dark matter-fueled spacecraft.

The advantage of this is that dark matter is literally everywhere throughout the galaxy, meaning that we wouldn’t need to take fuel with us on a journey to wherever we went. Instead, a dark matter “reactor” could simply:

  • take whatever dark matter happened to pass within it,
  • either facilitate its annihilation or let it annihilate naturally,
  • and redirect the exhaust to achieve thrust in whatever direction we desired,

and we could control the size and magnitude of the reactor to achieve the desired results.

Without the need for carrying fuel on-board, many of the problems of propulsion-driven space travel would become non-issues. Instead, we’d be able to achieve the ultimate dream of travel: unlimited constant acceleration. From the perspective of the spaceship itself, this would open up one of the most imaginative possibilities of all, the ability to reach any location in the Universe within a single human lifetime.

If we restrict ourselves to current rocket technology, it will take tens of thousands of years — at a minimum — to complete a journey from Earth to the nearest solar system beyond our own. But enormous advances in propulsion technologies are within reach and could reduce that journey to within a single human lifetime. If we can master the use of nuclear fuel, of space-borne laser arrays, of antimatter, or even of dark matter, we could realize our dream of becoming a spacefaring civilization without invoking physics-breaking technologies such as warp drive.

There are multiple potential avenues to turn what’s already been demonstrated as scientifically valid into a feasible, viable, next-generation propulsion technology. By the end of the century, it’s absolutely a possibility that a spacecraft that hasn’t been designed yet will overtake New Horizons, the Pioneer, and Voyager missions as the most distant objects from Earth. The science is already there. It’s up to us to look beyond the limitations of our current technologies and bring this dream to fruition.