Macy’s To Cut 2,500 Jobs, Close Stores

Macy’s logo (Photo credit: Wikipedia)

Macy’s Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

Macy’s said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.

The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.

Read more: http://www.inyork.com/community/ci_24868130/macys-cut-2-500-jobs?source=rss

Cincinnati Streetcar Plan Pits Desire For Growth Against Fiscal Restraint

Downtown Cincinnati (Photo credit: Wikipedia)

CINCINNATI, OH — It has been a long time since a streetcar was just a streetcar here.

Instead, a $133 million project to build a 3.6-mile streetcar line through downtown has come to represent, depending on whom you talk to, a debt trap that will sink the city or an ambitious development effort that is central to Cincinnati’s revival.

And when the debate ended last week in an unexpected last-minute victory for the streetcar proponents, it was seen as both a vote of confidence in the city’s future and a reminder of how tenuous support for the project had become.

On the brink of being shut down, the project was saved by a successful petition drive and a written commitment, provided by the Haile U.S. Bank Foundation, from about 15 private backers to pay up to $9 million in operating costs, if needed, over the line’s first decade.

Read more: http://www.nytimes.com/2013/12/23/us/cincinnati-streetcar-plan-pits-desire-for-growth-against-fiscal-restraint.html?_r=0

Neil Armstrong, 1st Man On The Moon, Dies At 82

Neil Armstrong, one of the first two men to land on the Moon, and the first to walk on it, in 1969 (Photo credit: Wikipedia)

Cincinnati, OH – Neil Armstrong was a soft-spoken engineer who became a global hero when as a steely-nerved pilot he made “one giant leap for mankind” with a small step onto the moon. The modest man, who had people on Earth entranced and awed from almost a quarter-million miles away, but credited others for the feat, died Saturday. He was 82.

Armstrong died following complications resulting from cardiovascular procedures, his family said in a statement. Armstrong had had a bypass operation this month, according to NASA. His family didn’t say where he died; he had lived in suburban Cincinnati.

Armstrong commanded the Apollo 11 spacecraft that landed on the moon July 20, 1969, capping the most daring of the 20th century’s scientific expeditions. His first words after becoming the first person to set foot on the surface are etched in history books and the memories of those who heard them in a live broadcast.

Read more: http://readingeagle.com/article.aspx?id=411316