Expect department stores, apparel retailers to continue to retrench in 2020
More than 7,600 stores closed this year through October, a record for that point in the year, according to Credit Suisse. And the outlook for 2020 doesn’t look any brighter.
The Washington Post
Articles
Buttigieg no longer boasting he helped McKinsey ‘turn around’ Fortune 500 companies
When he first pursued public office, Pete Buttigieg emphasized his McKinsey experience, claiming he was “part of billion-dollar decisions made by Fortune 500 companies.”
Buttigieg health plan hinges on ‘supercharged’ version of Obamacare mandate, critic says
Democratic presidential hopeful Pete Buttigieg sells his health-care plan as a moderate alternative to “Medicare-for-all”—offering a government-sponsored plan to those who want it while letting others keep their private and employer-sponsored insurance.
Boeing discloses ‘very disturbing’ messages on Max to FAA
At least some of the messages were written by the same Boeing pilot whose 2016 messages were released in October and were the subject of sharp questioning by lawmakers, according to a person familiar with their contents who wasn’t authorized to discuss them.
Buttigieg shifts to the center, embodying the Democratic primary’s rightward drift
The evolution is arguably working for Buttigieg, who now regularly polls in the top tier of the Democratic candidates. But it’s also given rise to complaints that the mayor of South Bend is carefully calculating his positions rather than passionately expressing his principles.
After long opposing federal intervention, NCAA seeks congressional help
With nearly 30 states considering some form of legislation that tackles athlete compensation, NCAA President Mark Emmert said he is now open to federal lawmakers potentially crafting uniform guidelines that help reshape the college athletic model.
Supreme Court won’t review decision that protected homeless from tickets
Without comment or noted dissent, the court turned down a petition from Boise, Idaho, whose law against camping and sleeping on sidewalks was struck down by the U.S. Court of Appeals for the 9th Circuit as a violation of the Constitution’s ban on cruel and unusual punishment.
House Judiciary panel passes two articles of impeachment against Trump
The committee voted 23-17 along party lines on the charges. The full House is expected to vote to impeach Trump next week, though Senate Majority Leader Mitch McConnell, R-Ky., has said there is “no chance” his chamber will vote to remove him from office.
Christmas tree growers face growing challenges
Each year, fewer Americans are putting up trees during the holidays. And those who do are increasingly choosing artificial ones.
Trump administration tightens work requirements for SNAP
The rule would tighten work requirements for able-bodied adults with no dependents, the U.S. Department of Agriculture announced.
Buttigieg tries to court minority voters by focusing on their health
Pete Buttigieg unveiled a proposal Tuesday to correct troubling health disparities among African-Americans and Hispanics—a crucial constituency to win over to have any hope of securing the Democratic presidential nomination.
Schwab to acquire Ameritrade, creating wealth management ‘Goliath’ with $5 trillion in assets
The tie-up of the brokerage companies reflects the shift from a commission-heavy revenue stream to one more reliant on interest income and other client services.
IU says professor’s views are racist, sexist and homophobic—but it can’t fire him
The brouhaha erupted after tenured business professor Eric Rasmusen tweeted an article that states women are too emotional for academia.
Rift in Buttigieg’s husband’s family mirrors America’s divides
Pete Buttigieg wants to build a bridge to the religious right. But tension within his in-laws’ family highlights how difficult that might be.
California, 23 other states sue Trump for right to require more fuel-efficient cars
The lawsuit, filed in the U.S. Court of Appeals for the District of Columbia Circuit, marks the latest round in an escalating fight between the White House and California officials over how quickly the nation’s auto fleet must increase its fuel-efficiency.
Gannett-GateHouse merger will help investors, harm journalists, union report says
The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.
How the sharing economy can fit into your next trip
Peer-to-peer transactions, in which one party buys a service and the other lands a gig, are on the rise and can be found in every category.
New film to digitally resurrect late James Dean in ‘co-starring’ role
Rights to Dean’s likeness for the controversial film were acquired through Indianapolis-based marketing firm CMG Worldwide, which represents Dean’s family along with the intellectual property rights associated with many other deceased personalities.
GM strike finally ends as UAW members approve new contract
The deal, which includes modest improvements in pay for new employees and promises that the company will bring full-time temporary workers on permanently, passed this week after being voted on by GM’s 47,000 workers.
Eli Lilly CEO says drugmaker won’t rehash old Alzheimer’s data
Digging through old data to salvage a seemingly failed Alzheimer’s drug paid off big time for Biogen Inc., but at least one of its rivals has no plans to follow suit.