Got milk (and financial success)?
According to the National Urban League’s “State of Black America”, the black unemployment rate exceeds 15 percent in 33 major U.S. cities. The report also included a state-by-state assessment of education inequality for the first time, and found that areas with greater segregation also saw major reading and math proficiency gaps, as well as high school graduation gaps.
Yahoo announced it would close its remaining office in China, effectively eliminating 350 jobs. The company says the move is part of its efforts to cut global costs. As reported by the BBC, the fired employees have already been approached by a local employment agency.
That’s how much Target will pay in minimum wage starting next month, as reported by the WSJ. As companies like Wal-Mart and T.J. Maxx make similar moves, efforts to attract and retain low-wage workers are getting more competitive.
Speaking of Target, the company has reportedly agreed to pay a $10 million settlement in the class-action lawsuit related to 2013’s data security breach. As reported by Reuters, Target will put the money into an ” interest bearing escrow account, to pay individual victims up to $10,000 in damages.”
That’s how many babies were involved in a Brazilian study looking at correlations between breast feeding and long-term success. As reported by the Guardian, babies that were breast-fed longer tended to be better educated, and higher-earning as adults.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?