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This week, and in the coming year, we're marking the anniversary of a famous declaration. It's been 50 years since President Lyndon Johnson called for an unconditional war on poverty in his first State of the Union Address after the assassination of President Kennedy.
NPR's business news starts with layoffs at Macy's.
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MONTAGNE: Macy's has announced it's letting go 2,500 employees and closing five stores as part of a major reorganization. The company says it will save $100 million a year with the changes. It will also move hundreds of employees to its other department stores and to the company's online operation.
It was a two-step move for Republicans at the Capitol Wednesday: to both praise the sentiment of the War on Poverty – but also to critique it.
"We are here to mark the 50th anniversary of President Johnson's declaration of the War on Poverty," said Rep. Steve Southerland of Florida. "And while this war may have been launched with the best of intentions, it's clear we're now engaged in a battle for attrition."
Buzzfeed is among a growing number of outlets using native advertising online. The ads mimic the site's look and style, and some link to <a href="http://www.buzzfeed.com/walgreens/animals-to-cheer-you-up-when-youre-sick">pages almost indiscernible</a> from a typical Buzzfeed page.
New paid content on <em>The New York Times</em> site runs in a similar font as the paper's editorial material, but includes a banner indicating that it's paid for by a corporate sponsor.
The New York Times unveiled a major redesign of its digital offerings Wednesday. With a new scroll feature, readers will never again have to click to read the second half of a story, and the site is crafted to appeal to a mobile audience.
But the redesign has also embraced a controversial shift in journalism: Some posts on the site that look like articles are reported and written by people working for the paper's advertisers.
Cold weather this week has boosted demand for heating fuels across the country. Natural gas prices are up, especially in the Northeast. At one point prices for natural gas into New York City jumped nearly tenfold from an average winter price of $5.68 per million BTU to $55.49, according to Bentek Energy, an analytics company.
Originally published on Wed January 8, 2014 6:21 pm
Companies from Sony and Samsung to Netflix and Google's YouTube are putting their money into TVs that pack more pixels. Several models are on display at the International Consumer Electronics Show in Las Vegas this week.
I'm Michel Martin and this is TELL ME MORE from NPR News. We start the program today with reflections on money, speaking broadly. In a few minutes, we'll talk about some myths and facts about credit. Consumer columnist Sheryl Harris will help us clear up some confusion over what exactly helps and hurts your credit. That's in just a few minutes.
This is the time of year when many people make an effort to get a handle on their credit. But you might be confused about what actions can actually help your credit and those that can harm it. Consumer columnist Sheryl Harris joined Tell Me More host Michel Martin to share some tips and debunk consumer credit myths.
Tip: Understanding your credit report
A credit report shows your credit and loan accounts, the balance owed on each account, and your payment history on each account.
One month after its merger with US Airways, American Airlines has introduced some procedural changes for its customers. The world's largest airline is assuring its best clients they'll keep their perks.
The average American eats 5.6 pounds of butter — a 25 percent increase over the past decade. Its jump in popularity is due to an overall trend towards natural foods, and a "smear" campaign against processed butter alternatives.
Intel was a powerhouse in the age of personal computing, making its revenues from powerful chips built into PCs. But it has largely missed the mobile computing revolution. With PC sales slumping, Intel is intent on becoming relevant in the next wave of computing — wearables.
A Swiss banker has pleaded not guilty to charges he helped thousands of Americans evade paying their taxes. Raoul Weil was one of the top managers at UBS, a Swiss bank that helped nearly 20,000 Americans hide their assets in secret accounts.
Fifty years ago today, President Lyndon Johnson stood before Congress and declared an "unconditional war on poverty in America." His arsenal included new programs: Medicaid, Medicare, Head Start, food stamps, more spending on education, and tax cuts to help create jobs.
Lindsey Vonn's decision to sit out next month's Olympic Games because of a knee injury is surely a personal and professional disappointment for the Alpine skiing star. But Olympic athletes with Vonn's star power also mean big advertising dollars — and not competing in Sochi may create winners and losers among the skier's sponsors.
The Navigate Jacket from Wearable Experiments uses GPS navigation and a mapping app on the wearer's smartphone to signal directions. It's part of a new trend of wearable tech that some speculate will be a billion-dollar industry.
Credit Rupert Kaldor / Wearable Experiments
This black high-heeled shoe from Erogear has an LED band that can broadcast low-resolution images or even a Twitter feed.
For years, tech companies raced to make the smartphone a beautiful device with soft curves and bright screens. Now, the industry is racing to make clothes that free up your hands from the phone while still connecting you to streams of digital information.
Originally published on Tue January 7, 2014 4:09 pm
In the comments section of a recent Code Switch post, a reader named Aboubacar Ndiaye gave a long but thoughtful explanation for the many reasons why housing costs are rising, and why there's no easy solution to the problem. He was gracious enough to expand on his thoughts in this commentary.
Originally published on Tue January 7, 2014 2:55 pm
Smithfield, the world's largest hog and pork buyer, announced Tuesday that it's asking the independent farmers with whom it has contracts to get rid of stalls for pregnant sows to improve the animals' living conditions.
To nudge these farmers to make the changes to their facilities by 2022, Smithfield is offering to extend their contracts once they've converted their gestational stalls into group houses, which are generally considered more humane.
This is TELL ME MORE from NPR News. I'm Michel Martin. In a few minutes, we will hear from former Minnesota Vikings punter Chris Kluwe. He had a solid eight-year career in the NFL until he was released last year. Now he's saying in a newly released open letter that it was his support for same-sex marriage off the field, not his performance on it, that cost him his job. He'll tell us more about why he thinks that in just a few minutes.
Originally published on Tue January 7, 2014 11:25 am
This post was updated at 12:00 p.m. ET.
A three-month extension of federal unemployment benefits for 1.3 million jobless Americans won a key procedural vote in the Senate on Tuesday.
The 60-37 vote indicates there's enough Republican support to move the Emergency Unemployment Compensation, which expired on Dec. 28, forward to a full vote. As The Associated Press writes, the measure "is the leading edge of a Democratic program that also includes raising the minimum wage and closing tax loopholes on the wealthy and corporations."
GREENE: Microsoft announced sales of its new Xbox One topped three million units by the end of 2013. In a blog post, the company called it the most epic launch of Xbox, by all measures.
The third-generation console was available a week before Thanksgiving. It's been competing with Sony's new baby, Playstation 4, which also launched in November. Transcript provided by NPR, Copyright NPR.
A new study from the Pew Research Center finds that age and income play a larger role than race when it comes to high-speed Internet access. Lower-income African-Americans often buy smartphones to compensate for not having a broadband connection at home. Smartphones, however, may not be enough.