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.

PODCAST: Grassley on sequester 'done deal', J.C. Penney earnings reveal

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.

How much is a Facebook 'like' worth to your business?

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: social media, advertising, Facebook, Google

GDP grows at weakest pace in 2 years

The government has revised its latest GDP figures, saying the economy grew at a rate of 0.1 percent during the last three months of 2012. The increase was the weakest GDP performance in two years.
Posted In: GDP, sequester, Housing

Japan to restart nuclear plants

Japan's prime minister Shinzo Abe has called for some nuclear plants to reopen in order to ensure energy security for the country.
Posted In: Japan, nuclear energy, nuclear power

J.C. Penney sales plunge amid 'bumpy transition'

J.C. Penney had another tough quarter. Sales were down 28 percent -- more than half a billion dollars.
Posted In: JC Penney, Retail, discount

EU looks to cap bankers' bonuses

EU officials have announced an agreement that would restrict the amount bankers can receive as as bonus.
Posted In: Eurozone, banking, salary, bonuses

Sen. Chuck Grassley: We will go into sequester

U.S. Senator Charles Grassley (R-IA) joins Marketplace Morning Report host Jeremy Hobson to discuss the sequester and its likely impact on the economy.
Posted In: sequester, Obama, Iowa, budget deficit

Technology increases divide between rich and poor students: Report

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: Education, Tech, pew

Sequester to hit long-term unemployment benefits

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: unemployment benefits, sequester, Indiana

Tech companies tell Supreme Court: We support same-sex marriage

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.
Posted In: marriage, gay marriage, Tech, Supreme Court

Sequester could upend lives of federal workers

Some federal employees stand to lose as much as 20 percent of their wages because of the sequester.
Posted In: sequester, federal budget, budget cuts

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Sleepwalker
Sola Rosa
If Thats What It Takes