Marketplace for Wednesday, January 30, 2013
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The economy shrunk for the first time since 2009, but the decline isn’t causing too much panic. JCPenney has decided to bring back sales and discounts. The president’s two-year-old council on job creation closes up shop this week -- we look back at what they accomplished. Harvard University will study the link between football and concussions over the next decade. There’s a smog cloud over Eastern China that’s three times the size of California. Immigration reform could mean rising wages, and that could affect small businesess. And in the latest BURN story, Alex Chadwick reports on the innovation to build the fastest car in the world.
Posted In: JC Penney, Retail, shopping, sales
A year ago, retailer J.C. Penney announced a new strategy to cut so-called "everyday" prices by about 40 percent, while reducing the number of sales a month. The company has had to walk back those plans as shoppers remained addicted to sales.
Posted In: China, pollution, smog
China now burns nearly as much coal as the rest of the world combined. That's one reason for the recent severe smog outbreaks that have many Chinese residents complaining about air pollution.
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