When the internet kills a big box retailer, Gordon Brothers is the undertaker.
"They're stuck with selling the things that are inside the box," says bankruptcy lawyer Steve Jakubowski.
Gordon Brothers specializes in retail liquidations. When a store dies, they put on a suit, greet the guests and sell them whatever remains. And that means everything β not just books and clothing and DVDs, but shelves, lighting fixtures, even the chairs.
Brazil is now the world's sixth biggest economy overtaking the U.K., according to the Centre for Economics and Business Research. As the Financial Times puts it, it's another milestone that's part of a larger trend where emerging economies outpace developed ones. China, they report, overtook Japan earlier this year.
Originally published on Thu December 29, 2011 8:41 am
Congressional approval ratings are on the rocks, hovering in or near single digits for the first time since pollsters started measuring them. But just how bad is the current congressional stalemate?
Thomas Mann, senior fellow of governance studies at the Brookings Institution in Washington, is working on a book about Congress with a title that provides a succinct answer: It's Even Worse Than It Looks.
In modern history, Mann says, "there have been battles, delays, brinkmanship β but nothing quite like this."
Classical guitarist Sharon Isbin started the Juilliard guitar program. Her new album, Guitar Passions, features collaborations between Isbin β who studied with Andres Segovia, among others β and artists with very unclassical careers: jazz guitarist Stanley Jordan, rock singer Nancy Wilson of the band Heart, soprano saxophonist Paul Winter and several others.
A week after Christmas, many Americans are no doubt trying to figure out how to use the high-tech gadgets they got as gifts. This can be especially challenging for seniors. But a number of programs across the country are finding just the right experts to help usher older adults into the digital age.
For Pamela Norr, of Bend, Oregon, the light bulb went off as she, yet again, was trying to help her own elder parents with a tech problem. To whom did she turn?
Originally published on Tue December 27, 2011 11:43 am
India's anti-corruption crusader Anna Hazare, 74, has begun another three-day fast in Mumbai just as Parliament begins debate on a bill that would create an office with the authority to investigate corruption.
The funeral for North Korean leader Kim Jong Il is set for Wednesday in Pyongyang, and it's something of a cliche to say β as basically every story today does β that details about what will happen are largely a mystery.
While pantomime performances of Snow White and Sleeping Beauty are traditional English holiday entertainment fare, there's a new hit in town. Londoners are flocking to Matilda the Musical, a souped-up version of Roald Dahl's well-known children's novel, playing in London's West End.
The production by The Royal Shakespeare Company has been proclaimed the best British musical in years. But despite most of the cast being under 16, this show is certainly not just for kids.
If you've ever lamented the time and effort it takes to brew or procure a cup of coffee, this might perk you up. "Breathable Energy. Anytime. Anyplace."
That's the campaign slogan for AeroShot, a plastic inhaler, roughly the size of a lipstick tube, filled with a powdery, calorie-free mix of caffeine, B vitamins, and citrus flavors. It's slated to hit stores in January, just in time for the New Year.
But some aren't so sure selling caffeine in pocket-sized tubes β and marketing it to young people β is a great idea.
This month, consumer confidence jumped to its highest level since April, a sign that the U.S. economy is starting to mend. But the housing market isn't going along yet with this cheerier mood: Home prices were down 3.4 percent for the year as of October, according to a new report released Tuesday.
The death toll in Syria keeps mounting, as do the calls for the ouster of President Bashar Assad. But in dealing with Assad, should the international community threaten him with prosecution at the International Criminal Court or offer him a comfortable exile?
That question is being widely debated, and came up several times earlier this year with the ouster of other Arab autocrats. Last month, a United Nations commission found that Syrian security forces loyal to Assad had killed hundreds of children and perpetrated other "crimes against humanity."
Originally published on Tue December 27, 2011 8:09 am
As you know, numbers can often be looked at several ways.
There's the headline that "dozens of Kmart, Sears stores to close" and the topline news that "between 100 and 120 Sears and Kmart stores" are going to be shut down as the retailer looks to trim costs and move ahead after it endured a pretty poor holiday shopping season.
Originally published on Tue December 27, 2011 8:14 am
What gunk lurks in the bathroom sink drain? A fungus that can cause infections in humans, for one thing.
The fungus in question (genus Fusarium) can cause sinus infections and funky toenails. On rare occasions it kills people with weak immune systems. More recently, it has caused serious eye infections in people who wear contact lenses.
Originally published on Wed December 28, 2011 10:12 am
With just one week until the caucuses, Republican presidential candidates will be everywhere in Iowa this week. Newt Gingrich, Michele Bachmann, Rick Perry and Mitt Romney are all riding buses around the state while Ron Paul makes multiple appearances β a last-minute bid to motivate Republicans to come out and vote for them next Tuesday.
But no candidate has spent more time in Iowa than former Pennsylvania Sen. Rick Santorum. The day after Christmas was a holiday for most, so Santorum went hunting β with cameras.
Originally published on Tue December 27, 2011 6:49 am
"Syria's army suspended days of punishing attacks on the restive city of Homs," The Associated Press writes, "and began withdrawing its tanks Tuesday just as Arab League monitors visited the area and met with local leaders, activists and officials said."
You may have given one β or two, or three. You may have gotten one β or two, or three.
The presents that show up in Christmas stockings all across America. The go-to gifts for aunts and uncles trying to please those finicky teenaged nieces and nephews. The tokens of affection that may say "I got this on the way over here."
And, also, the gifts that sometimes never get used.
NPR's business news starts with Sears closing stores.
(SOUNDBITE OF MUSIC)
INSKEEP: The holiday shopping season has gone well for some retailers, but apparently not for Sears Holdings, the company that owns Sears and Kmart. It plans to shut down up to 120 stores. Sears operates 4,000 outlets in the U.S. and Canada right now. The company says Kmart sales of clothing and consumer electronics fell, and at Sears there was not much demand for home appliances.
Isaiah Cutler, 18, is in jail accused of burglarizing a market with three friends and taking thousands in cash and merchandise. An hour later, he supposedly posted pictures of the fellows and their stash on Facebook. A relative saw the photos, alerted grandma and she called the cops.
The Arab League is formally launching its monitoring mission in Syria Tuesday. It's not certain they'll get to the central city of Homs, an opposition stronghold under siege by the Syrian army. There, doctors are forced to treat injured anti-government protesters in an underground network.
Nearly three decades ago, Kenny Buchanan decided to drop out of school. Over the last 26 years, he's jumped from job to job and unemployment. He now has a full-time job and for the first time in years, he and his family have health insurance and can enjoy a few luxuries.