Presumptive Democratic presidential nominee Hillary Clinton was in Springfield, Ill., Wednesday where she sought to use the symbolism of a historic landmark to draw parallels to a present-day America that is in need of repairing deepening racial and cultural divides.

The Old State Capitol — where Abraham Lincoln delivered his famous "A house divided" speech in 1858 warning against the ills of slavery and where Barack Obama launched his presidential bid in 2007 — served as the backdrop for Clinton as she spoke of how "America's long struggle with race is far from finished."

Episode 711: Hooked on Heroin

54 minutes ago

When we meet the heroin dealer called Bone, he has just shot up. He has a lot to say anyway. He tells us about his career--it pretty much tracks the evolution of drug use in America these past ten years or so. He tells us about his rough past. And he tells us about how he died a week ago. He overdosed on his own supply and his friend took his body to the emergency room, then left.

New British Prime Minister Theresa May announced six members of her Cabinet Wednesday.

Amid a sweeping crackdown on dissent in Egypt, security forces have forcibly disappeared hundreds of people since the beginning of 2015, according to a new report from Amnesty International.

It's an "unprecedented spike," the group says, with an average of three or four people disappeared every day.

The Republican Party, as it prepares for its convention next week has checked off item No. 1 on its housekeeping list — drafting a party platform. The document reflects the conservative views of its authors, many of whom are party activists. So don't look for any concessions to changing views among the broader public on key social issues.

Many public figures who took to Twitter and Facebook following the murder of five police officers in Dallas have faced public blowback and, in some cases, found their employers less than forgiving about inflammatory and sometimes hateful online comments.

As Venezuela unravels — with shortages of food and medicine, as well as runaway inflation — President Nicolas Maduro is increasingly unpopular. But he's still holding onto power.

"The truth in Venezuela is there is real hunger. We are hungry," says a man who has invited me into his house in the northwestern city of Maracaibo, but doesn't want his name used for fear of reprisals by the government.

The wiry man paces angrily as he speaks. It wasn't always this way, he says, showing how loose his pants are now.

Ask a typical teenage girl about the latest slang and girl crushes and you might get answers like "spilling the tea" and Taylor Swift. But at the Girl Up Leadership Summit in Washington, D.C., the answers were "intersectional feminism" — the idea that there's no one-size-fits-all definition of feminism — and U.N. climate chief Christiana Figueres.

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Neiman Marcus Sells For $6 Billion

Sep 10, 2013
Originally published on September 10, 2013 7:08 am



And we reported yesterday that Neiman Marcus was in the final stages of closing a big deal. Now the deal is done. The upscale retailer has just made its biggest sale ever - itself. The price: $6 billion. The buyers - the Canada Pension Plan Investment Board and a U.S. private equity group.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: Neiman Marcus is perhaps the fanciest name in U.S. retailing. Designer handbags can cost more than $1,000, men's casual jackets more than twice that and the prices in its opulent Christmas catalog are beyond compare. Still, the $6 billion price paid for the retailer is a sizeable sum.

BARBARA KAHN: One ponders whether or $6 billion is the right price and that's hard to tell.

KAUFMAN: But Barbara Kahn, a retail expert at the University of Pennsylvania's Wharton School says Neiman is a unique retailer with a big name in the small, but very attractive high end, high margin part of the retail market.

KAHN: And there aren't that many that hold that position and cater to that segment as well as Neiman does.

KAUFMAN: The company's 41 namesake stores along with its other retail businesses produced revenues of $4.5 in a recent 12 month period.

The sale of luxury goods cooled during the recession; but sales are coming back and Neiman's new buyers see promise in the U.S. market. Retail and turnaround consultant Michael Appel sees it, too.

MICHAEL APPEL: It's a growth opportunity both in the United States and perhaps internationally. Those customers continue to have money and spend money.

KAUFMAN: But Pam Danziger - whose Unity Marketing company tracks the buying habits of the affluent and very affluent - isn't as sanguine.

PAM DANZIGER: There's a lot of noise about growth in the market; but, I don't really see it playing out, otherwise we would see these huge revenue increases from brands like Neiman Marcus and Saks Fifth Avenue and so on, and we just aren't seeing that.

KAUFMAN: Saks - by the way - was sold to Canada's Hudson Bay Company for $2.4 billion earlier this summer. And Danziger says a key driver of growth for both retailers has been their lower priced outlets - Neiman's is known as Last Call.

Wendy Kaufman, NPR News. Transcript provided by NPR, Copyright NPR.