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And I'm Renee Montagne.
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."
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 8:21 pm
By Alan Yu
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.