Originally published on Mon November 26, 2012 10:19 am
Horrific is a word that quickly comes to mind about the news from Bangladesh concerning a fire Saturday in a garment factory where clothes were made for retailers around the world, including some in the U.S.
NPR News business news starts with a shopping bonanza.
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INSKEEP: American shoppers turned out in record numbers over the holiday weekend. The National Retail Federation says that since Thursday some 247 million people - that would be most of us - visited brick and mortar stores and retail websites spending more than $59 billion - up 13 percent over last year. And now, with Black Friday and Small Business Saturday behind us, online retailers get to take center stage with Cyber Monday.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
Egypt's President Mohamed Morsi has granted himself almost absolute power, but has not been able to win anything like unanimous approval. The new president faces criticism for a decree stating he can do anything he thinks will advance Egypt's revolution, and that courts cannot review his decisions. Egyptians have taken to the streets in protest. Markets have reacted badly, and the country's top judges are paying Morsi a visit today to discuss this turn of events.