The calendar says October, but retailers and economists are already analyzing the holiday shopping season. With budget battles gripping Washington and an economy that's still recovering, there are mixed feelings about how far shoppers will open their wallets.
Angela Ahrendts will oversee the expansion of Apple retail and online stores. It's a newly created position for Ahrendts, who will report directly to Apple CEO Tim Cook. Since taking over Burberry in 2006, Ahrendts has nearly tripled revenue for the company — known for its distinctive tartan patterns.
Now, here's a reality about farming. From the earliest days of this country, it's been an uncertain business, and for many decades, national policies have been designed to smooth out that risk. But, of course, the risk never entirely goes away. You can never control the rain, for example, and lately the uncertainty has been growing. Corn prices are down. The farm bill is stalled in Congress and there's a sense that good times may be fading.
From Nebraska, Grant Gerlock of NET News brings us his report.
A street vendor outside New York's Central Park sold eight prints by the mysterious British street artist who goes by the name Banksy. Some of Banksy's most recognizable works sold for just $60. Many of the pieces are estimated to be worth more than $30,000. It was part of a social experiment.
With the debt ceiling deadline looming just two days away, Senate leaders say they're close to a deal that would reopen the government and avert default. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell have been leading bipartisan talks on a way out of the deadlock. Even if a bipartisan agreement clears the Senate, it will likely be a hard sell to House Republicans.
Originally published on Tue October 15, 2013 5:08 am
Steve Inskeep talks to Jonathan Chait, a commentator for New York magazine about how liberals are viewing the current budget negotiations in Congress, and if they might be willing to compromise on a deal.
New homes are back in a big way — literally. This summer, a typical new house in Phoenix was more than 20 percent larger than a resale home as builders across the country added more space to accommodate post-recession lifestyles.
Take Jacque Ruggles' family, for example. Four women from three generations live under one roof.
For many online and other small businesses, getting a loan or a big cash advance is tough. Banks and other traditional lenders are often leery of those without years of financial statements and solid credit scores.
But some lenders and other financial services companies are beginning to assess credit risk differently — using criteria you might not expect.
Jeffrey Grossman is an acupuncturist in Bellingham, Wash. He's also a small businessman. He creates media marketing materials for other acupuncturists hoping to expand their practice.
Monday marks the last day of newsstand sales of the International Herald Tribune, the newspaper that was once instrumental in keeping American expatriates up to date on their homeland. On Tuesday, the paper will bear a new name: The International New York Times.