Marketplace Morning Report for Thursday, February 28, 2013
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We are just a day away from the sequester, which is Washington-speak for $85 billion worth of federal spending cuts. The people who will feel the pinch first will likely be federal workers, some of whom could lose 20 percent of their pay. After the closing bell on Wall Street yesterday, J.C. Penny reported plunging sales and a half a billion dollars in losses for the last quarter. What's got the retailer down? And bankers in Europe are facing a cap on their bonuses as early as next year.
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Senator Chuck Grassley (R-IA_ talks sequester standoff, J.C. Penney's sales plunge, and Japan's Prime Minister calls for idled nuclear plants to come back online.
Posted In: social media, advertising, Facebook, Google
What online activity actually leads to sales? An digital data cruncher breaks down the value of Facebook 'likes', Instragram photos, and online posts.
Posted In: Education, Tech, pew
A new study by the Pew Research Center's Internet and American Life Project finds that 8 out of 10 teachers think technology is leading to wider disparities between the haves and have-nots.
Posted In: unemployment benefits, sequester, Indiana
When state unemployment benefits run out, federal long-term unemployment payments kick in. But sequester budget cuts could reduce those payments, putting the squeeze on those who can least afford it.
Posted In: marriage, gay marriage, Tech, Supreme Court
Technology firms like Facebook and eBay are heavily represented among corporations and cities filing briefs supporting same-sex marriage in cases before the U.S. Supreme Court.