Gray Thursday may become the new Black Friday. Many big retailers have moved up the beginning of their shopping season, traditionally the Friday after Thanksgiving, to Thursday evening.
Brick-and-mortar retailers are feeling pressure from online retailers, which have given consumers an earlier shopping option.
"In the past, online retailers have had Thanksgiving Day all to themselves," says Marshal Cohen, retail analyst with the NPD Group. "And what that means is by the time Black Friday comes around, a lot of consumers have already spent a bunch of money."
New Year's Day typically inspires hope and new beginnings. But this next one may be cause for trepidation. Tax cuts for all income levels expire on Jan. 1, 2013, and most federal programs will face a 10 percent haircut — because Congress failed to agree on a deficit-reduction plan.
Let's turn now to the urgent diplomatic efforts underway. Secretary of State Clinton is now in Cairo, meeting with Egyptian leaders in efforts to reach a ceasefire. NPR's Leila Fadel joins us from Cairo to discuss the latest.
LEILA FADEL, BYLINE: Good morning.
MONTAGNE: So what do you know about what's happening on the diplomatic front today there in Cairo?
Good morning. I'm Renee Montagne. As the story goes, pardoning a turkey dates back to Lincoln, when his young son Tad begged his father to let the White House Thanksgiving meal live. Today, President Obama pardons two turkeys - Cobbler and Gobbler. Ahead of their big moment, the birds have been staying at the swanky W hotel, nibbling on organic meals prepared by the hotel's chef. And once pardoned, the turkeys will retire to Mount Vernon. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Linda Wertheimer with a Thanksgiving dessert that goes way past pumpkin pie a la mode. An Arizona ice cream shop is creating an entire Thanksgiving dinner in ice cream form. Scooptacular is offering sweet potato ice cream, also cranberry. And for the adventurous, corn and even turkey by the scoop. Can you get hot fudge with that? Would you want hot fudge with that? It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
In Washington, lawmakers are trying to work out a deal to keep the economy from going over the fiscal cliff. Many economists predict those automatic tax hikes combined with deep spending cuts set to go into effect on New Year's Day would throw the economy back into recession.
A group of top CEOs has been urging lawmakers to reach a deal to keep that from happening. Mark Bertolini is one of them. He's CEO of the health insurer Aetna and he said tax increases are as important as spending cuts. We called him to talk more.
NPR's business news starts with a costly misstep by HP.
The California-based technology giant is writing down an $8.8 billion loss. CEO Meg Whitman says much of that comes from new revelations about Autonomy, a software company HP bought last year. She says the company lied about the state of its finances. HP plans to sue, and has asked authorities in both the U.S. and the U.K. to investigate. Transcript provided by NPR, Copyright National Public Radio.
Afghan officials welcomed the release of Taliban prisoners by Pakistan in an attempt to jump-start a shaky peace process with the militant group. But many Afghans are wondering about the timing and the motive. They say mistrust born of decades of duplicity won't vanish with a few declarations or small gestures.
Secretary-General of the Afghan High Peace Council Mohammad Stanekzai was part of the delegation that recently traveled to Pakistan to discuss how the countries can cooperate and bring the Taliban to the negotiating table.
There has been a small but potentially important breakthrough in the faltering Afghan peace process. In what is considered a good-faith gesture, Pakistan last week released at least nine Afghan Taliban prisoners. The move is seen as part of an emerging new strategy by Pakistan as it eyes the looming drawdown of U.S. and Western troops in Afghanistan.