Outrage in the U.S. over a French photo spread featuring a seductively arrayed 10-year-old model helped spur proposed legislation to ban child beauty pageants in France. That's ironic considering how popular, prevalent and lucrative the American child, or "glitz," beauty pageant industry is.
People who show up wounded at a hospital often don't tell police. When a hospital in Cardiff, Wales, shared that information without naming names, the toll of violence dropped, and the city saved $11 million a year on health care and policing. Other British cities are adopting the program.
Google has announced it will be starting Calico, a new biotech company that aims to study the biology behind the process of aging with the hopes of finding a way to help humans live longer.
It has been almost 50 years since President Lyndon Johnson declared a "War on Poverty." But more than 15 percent of Americans still lived in poverty last year, according to a new report by the U.S. Census Bureau. Host Michel Martin discusses how the country is tackling poverty today with researcher Isabel Sawhill and economics professor Martha Bailey.
The former House majority leader, a Republican, was convicted in 2010 for his part in what at the time was judged to be an illegal scheme to funnel money to candidates. But a Texas appeals court has ruled that the state failed to prove its case.
The Federal Reserve's big surprise: no cuts to bond buying for now, the economy isn't strong enough.
JPMorgan agrees to pay $920 million in fines over bad bets. The 'London Whale' saga continues.
Looking for a house on a budget? How does $1 sound?
Publications are hiring reporters to cover the luxury life. Could you qualify?
More than 60 percent of the Senate and most members of the House of Representatives are millionaires. California Republican Darrell Issa tops the list, with an estimated net worth of more than $355 million. A public policy professor tells Americans how to put more working-class people in Congress.
Rescuers have reached some of the remote areas affected by floods, as electricity and phones have been restored.
The Wall Street Journal has a position open: mansion reporter. Just goes to show that while newspapers and magazines are clawing for ad revenue, there's one segment of the industry that's having a lot less trouble: the luxury market.
Say I wanted to apply for the new reporter's job at the luxury website VeryFirstTo.com. According to the job description, I'd have to be able “distinguish between the roar of a Bentley and a Lexus engine,” Now, I've never been in a Bentley. So, can I get the job?
"Well, you certainly appear to qualify on the personality traits," says Marcel Knobil, founder of VeryFirstTo.com, "but unfortunately we're looking for someone who is really acquainted with loads of aspects of luxury."
VeryFirstTo.com previews products and experiences for wealthy early adopters. Media outlets are hiring people to write the stories that go around luxury ads, says Rick Edmonds, media business analyst with The Poynter Institute.
"It could be kind of leaving money on the table not to do something that served that particular advertising market," he says.
Edmonds says it's not just for the super-rich. Plenty of people are happy to live like "The Real Housewives of New York" vicariously.
The best way to think of an exchange is to imagine a huge swap meet taking place in a supermarket.
Let’s say we’re in a Whole Foods. Anyone can set up a stall, or shop at the store, so long as they’re members.
And there are two types of product for sale on the stalls: There’s the supermarket’s own 365 line, which is always available, and there could be products from other markets, if someone’s selling them. So instead of Whole Foods, think of the New York Stock Exchange.
The NYSE’s name-brand goods are the shares of companies listed on the exchange. Like Bank of America or AT&T. You can always buy or sell those shares: the exchange has arrangements with certain companies to make a market in them. But you might be able to buy Apple or Microsoft there, too, even though they’re listed on another exchange (the Nasdaq).
It’s a bit like being able to buy Trader Joe's pretzels at Whole Foods, or Kroger yogurt at the Safeway.
Some exchanges don’t have any listings. They’re like big supermarkets that sell goods from all sorts of other stores, but have no lines of their own.
The exchanges are all connected, and they’re committed to getting customers the best possible deal. That means an exchange may have to send a buyer or seller to a competitor, if they offer a better deal -- imagine that happening at Whole Foods. That’s the upside to connectedness.
The downside is that if one part of the system fails, the whole thing could be affected. And that could leave us very badly needing a drink.