In a visit to Hiroshima this month, President Barack Obama is the first serving U.S. president to travel to the city since the nuclear bombing in 1945. From BBC: The visit will be part of an Asian trip from 21-28 May that will also take in Vietnam. The Hiroshima bombing on 6 August 1945 killed 140,000 … Read more
After filing a suit against the Department of Justice, the DOJ has now filed its own lawsuit against North Carolina. From NPR: The state’s legal filing came ahead of an end-of-Monday deadline for North Carolina to respond to the Department of Justice over the law barring protections for LGBT people in the state. The state law … Read more
The justice department had given the state a Monday deadline to respond to a letter demanding it abandon the controversial law. From BBC: The law violates federal civil rights protections, the department has said.North Carolina could lose funding for state universities if it upholds the legislation.
Teen retailer Aéropostale – a fixture in American malls – filed for Chapter 11 bankruptcy on Wednesday and announced it would close 113 stores in the U.S. From Oregon Live: The company has struggled to compete with H&M and Forever 21, and has lost money for the last 13 quarters, CNN Money reported. According to … Read more
Americans eat a staggering 81 million pounds of avocados on Cinco de Mayo. From Forbes.com: In the U.S., Cinco de Mayo is associated with drinking, and Americans are likely to celebrate with a margarita, or three. The spicy, salty beverage makes up 14% of American cocktail spending. That’s $2.9 billion spent on margaritas every year.
WALL STREET JOURNAL: Entrepreneur Ronnie Shahar works with Portland Mint to turn loose change into gold. Shahar’s coin exchange program has paid out more than $100 million since 2009.
BLOOMBERG: The German sportswear company plans to sell TaylorMade, Adams and Ashworth, but will retain it’s Adidas golf shoes and clothing.