National / International News
Vlogger and deejay Jay Smooth was on MSNBC Tuesday night to talk about Starbucks' "Race Together" campaign, which has already birthed a very public, cringe-worthy conversation about race.
Some farmers won't break even this planting season, and may have to tap into their savings. Many Corn Belt towns depend largely on these farmers and businesses linked to farming.
The coin has 12 sides and a fresh design. It also has new technology that the Royal Mint says will make it the most counterfeit-proof coin in the world.
Pathologists are great at spotting cancer, but less so at identifying atypical cells or DCIS, a study finds. That could lead to women getting too much treatment — or not enough.
Protesters set fire to burning tires and threw stones at police, who responded with water cannons during a ceremony to inaugurate the $1 billion-plus building in Frankfurt, Germany.
As expected, #Fed drops its pledge to be patient in raising interest rates, but makes it clear it's in no hurry.— Nancy Marshall (@MarshallGenzer) March 18, 2015
If you’re thinking about planning a vacation to Europe, now would be a good time. The American dollar is worth more now against the Euro than at any point over the past decade.
While the exchange rate may be welcome news for some tourists, the same may not be said for luxury European brands like Chanel or Gucci. Chanel handbags are so much cheaper in Paris than in China that Chinese tourists are flooding Paris shops for luxury bargains. Chanel want them to buy its handbags in China, expanding its market there.
So Chanel will increase prices in Europe and cut them in Asia.
“I think the Chinese consumer will benefit from this, because they will get lower prices and they won't have to go shop in New York, London or Paris in order to get the benefit of those relatively lower prices,” says Milton Pedraza of the Luxury Institute.
But high-end brands in particular need to think long and hard about changing prices from country to country.
"One of the keys to running a luxury business is that the customers understand that the prices don't move all that often, and that you're not waiting for products to go on sale,” says Stifel analyst David Schick.
Schick says long-term profitability for companies like Chanel or Louis Vuitton won’t hinge on exchange rates, but rather on how they are able to compete in a market that is increasingly crowed with competitors — many of whom are perfectly willing to sell you a handbag online, instead of through a shop on the Champs-Élysées.
In Spanish villages, townspeople gather at dawn to collectively slaughter a pig, then prepare every last bit as food, even the ears. The ancient ritual, called matanza, is now drawing foodie tourists.
So they do seem to get that texting is dangerous. But putting on makeup and contact lenses at 65 mph? No problem. Researchers in Oregon are trying to train teenagers on the risks of multitasking.
Proposed legislation in France would criminalize the use of underweight models and ban online sites that glorify anorexia and other eating disorders.
Kraft Foods says it is recalling more than 6.5 million boxes of its iconic original-flavor "Macaroni and Cheese Dinner." The company says numerous consumers reported finding metal pieces in the packages. The affected boxes have a "Best When Used By" date of Sept. 18 through Oct. 11, 2015, and the manufacturing code “C2” printed below the date.
A company spokesperson told Marketplace via email it is, “too early to speculate about the cost of this action.” Large recalls can run up costs in the tens of millions of dollars for a company — including lost revenue, inventory and production, as well as damage to brand reputation. Some of that cost may be covered by insurance.
The system for food-safety product recalls in the U.S. has changed in the past several years, following passage of the Food Safety Modernization Act (FSMA) in 2011. When a food company — like Kraft — receives complaints from consumers or reports of food-borne illness, or it discovers contamination at a production facility in its supply chain, it notifies the FDA and consumers, and voluntarily recalls the product. If a food-safety problem is identified by the FDA and the company does not comply with a request for a voluntary recall, FSMA allows the FDA to order a recall.
Mac 'n cheese noodles make great art supplies, but just make sure to check your recalled Kraft boxes for metal first.Raghu Manavalan/Marketplace
Colin O’Neil, director of government affairs at the Center for Food Safety, a consumer-advocacy group, says there is still more work to be done to ensure that mass-produced food sold in America is safe.
“The recent announcement (by Kraft) is a reminder of just how fragile our food-safety system is here in the U.S.,” he says. “Increasingly, responses to food-safety concerns are more motivated by PR and marketplace interests, than by public health concerns.”
But industry analyst Jim Hertel at food consultancy Willard Bishop in Chicago believes Americans are generally satisfied with the largely-voluntary system of food-safety monitoring and enforcement. His company does consulting work for Kraft and other food manufacturers.
“There is a level of confidence that the U.S. inspection regimen basically has gotten it right,” he says.
Hertel says most consumers understand that contaminated food does make its way into grocery-store and restaurant food occasionally. But he believes these incidents sow more fear in consumers when they are caused by a microbe or dangerous chemical, rather than (as with Kraft's Macaroni and Cheese) a chip of metal, possibly left by a flaw in the manufacturing process.
“The things that consumers can’t see are sometimes more terrifying than the things they can see,” Hertel says. “When it’s a biological or bacterial agent, I think there’s a lot more fear, uncertainty and doubt that creeps into the consumer’s mind.”