This week we are exploring the evolution of the American shopping experience. In the second installment in this series, Audie Cornish explores the influence of the Internet on the brick-and-mortar retail world. Maxwell Gillingham-Ryan, founder of the design website Apartment Therapy, says that as shoppers move online, the physical store has morphed into more of a showroom for products that are later purchased on the Web, and a place to tell a brand's "story."
Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.
And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."
India's government has approved an inquiry into Wal-Mart's lobbying activities in the U.S. as a heated debate over the retail giant's plans for stores in India moves into a new phase, NPR's Julie McCarthy tells us from New Delhi.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, another young woman, a mother, has been killed by a man who supposedly loved or at least cared for her. That got us thinking about the political fight over the ways to address violence against women. We're going to talk about that with our panel of women commentators. We call it the Beauty Shop and it's coming up later in the program.
Originally published on Wed December 12, 2012 7:42 am
Dave Sobelman was looking for publicity for his pub in Milwaukee. He announced a new drink. It's a Bloody Mary with celery, pickled asparagus, picked onions, shrimp, a chunk of cheese, a piece of Polish sausage and a cheeseburger slider. It sells for $9. It also comes with a chaser of beer.
Originally published on Wed December 12, 2012 7:20 am
Morning Edition continues with the latest installment of its series: The Twelve Days of Deductions. It's a nod to the many deductions, credits and other tax breaks that political leaders are weighing as they continue their negotiations to avoid the "fiscal cliff."
Originally published on Wed December 12, 2012 7:36 am
Greece's government says it will buy back nearly 32 billion euros of its bonds — that means the country would be erasing nearly $40 billion worth of debt. The country's private-sector creditor agreed to sell off the bonds, though at sharply discounted prices. Getting rid of this chunk of debt should allow Greece to get more money from the International Monetary Fund.
New York Governor Andrew Cuomo promised to hold the Long Island Power Authority accountable for its performance after Superstorm Sandy. He appointed a special commission to look at how the utility performed. The commission had a meeting Tuesday night on Long Island, where thousands lost power, in some cases for weeks.