House Republicans say that the president has overstepped the bounds of his executive authority. President Obama dismissed the move as a "political stunt."
A food blogger says dozens of distilleries are buying rye whiskey from a factory in Indiana and using it in bottles labeled "artisan."
Both the Commerce Department and the Federal Reserve gave the economy good marks after years of slack performance. The Fed still frets about jobs but generally is upbeat, predicting "moderate" growth.
Israel's army declared a humanitarian cease-fire on Wednesday but said it did not apply to all areas. A market that Palestinians had thought was safe was hit, killing 17 and wounding dozens more.
Recent years have been tough for the Eastman Kodak Company. It emerged from bankruptcy in 2013 with a focus not on consumer products but on business consumers.
As film has gone digital, the company’s says its sales of motion picture film have declined by 96 percent over the last ten years.
But the company that gave us the “Kodak Moment” is getting some help from friends in Hollywood. Directors like Judd Apatow and Quentin Tarantino are pushing movie studios to commit to buying a certain amount of film from Kodak for the next several years.
The directors want to preserve the option to shoot film in the future, and Kodak CEO Jeff Clarke says in a statement that the company praises the “ingenuity in finding a way to extend the life of film.”
David Reibstein, a professor at The University of Pennsylvania’s Wharton School, says having that option in the long-term will depend on what Kodak does with these sales.
“If you’re just getting more money to continue to do what it is that you were going that wasn’t working, that’s not going to be a successful strategy,” he says. Reibstein notes that when General Motors invested in saving its ailing but iconic Cadillac brand, it undertook a major redesign and targeted a new demographic of customers.
Propping up a product in the short term can be like a finger in the dike, says Ken Doctor, a media analyst for Newsonomics. He sees a parallel between Kodak’s deal and one pushed by former French President Nicolas Sarkozy to help ailing newspapers.
“He had the government fund one year subscriptions to… the students graduating from high school in France as a way to stem the tide,” he explains. “That was a short-lived program.”
But there is still value in Kodak’s brand, because now it has an "artisanal" quality to it, says Douglas Holt, president of the Cultural Strategy Group, a brand consultancy. He says Kodak used to be a symbol of mass culture; now the culture it recalls has become antiquated and cool.
“Pabst Blue Ribbon, Polaroid – a lot of these brands that were mass cultural brands of the [past decades], the '50s, '60s, '70s, have the same possibility to push back against the mass culture of today,” he says.
Editor's note: An earlier version of this story failed to say Kodak had emerged from bankruptcy. Further, the story lacked sufficient context concerning the agreement the company and movie studios are pursuing, and it failed to include a comment from Kodak. The text has been amended.
The Motion Picture Association of America is a big fan of drones — or, officially, "unmanned aerial systems." The organization asked the Federal Aviation Administration yesterday to make it easier for directors to use drones in filming.
Another big fan of drones? Martha Stewart.
Drones are trending.
— Martha Stewart (@MarthaStewart) July 30, 2014
She has written a piece for Time, called "Why I Love My Drone."
Someone gave her one last summer as a gift. And, we learn, her mind "started racing" as she "imagined all the different applications" for it.
Stewart and her staff have been taking drone pictures of her beach house in Maine and her farm in New York.
"An aerial shot of the vegetable garden looked very much like my Peter Rabbit marzipan embellished Easter cake," she writies. "Which was designed without the help of a drone."
The general counsel of the National Labor Relations Board (NLRB) has handed down a decision that could have implications for the millions of Americans who work for franchises.
After investigating claims that some McDonald's restaurants broke labor laws by firing or penalizing workers who took part in pro-labor activities, the NLRB's general counsel said if the owner of a McDonald's fast food franchise commits a labor violation, the McDonald's corporation can be held jointly liable for the franchisee's bad behavior.
For now, the decision affects only the McDonald's corporation and McDonald's franchises. There are 3,000 other brands with franchise operations in the U.S., employing 8.5 million people across a range of industries, according to the International Franchise Association (IFA).
The IFA's Matthew Haller says the decision could destroy the franchise industry. Franchises may bear the names of big companies, he said, but they are owned and run like small businesses.
"They set the wages, they hire and fire the employees, determine the appropriate benefits for employees and are responsible for all decisions that take place at the employee level," Haller said.
The NLRB's general counsel said the McDonald's Corporation exercises enough control over how franchises are run to make it a co-employer of the people who work for franchises.
"They do exercise quite a bit of control over their franchisees in order to protect their brand," said Wilma Liebman, a former chair of the NLRB who has been advising the SEIU, a union that is working to organize fast-food workers.
What McDonald's Corp. controls and what it doesn't is laid out in the terms of its franchise agreement. So even though other franchisees in other industries are watching the decision closely, it's not yet clear how this will affect other companies. McDonald's said in a statement that it plans to contest the NLRB's decision.