Quiznos once boasted 5,000 restaurants, but a slumping economy, higher supply-chain costs and tough competition from Subway have left the sandwich chain in tough straits. After seeing hundreds of its stores close, Quiznos gave up control to one of its biggest creditors to avoid bankruptcy.
President Obama kicked off a three-day re-election road tour Wednesday, starting out at a manufacturing plant in Iowa. The president is promoting job growth in the manufacturing industry while defending the government's bailout of the auto industry.
In his State of the Union address, President Obama talked about bringing jobs back to the U.S. Oregon shoe maker Keen is doing its part. The company opened its first American factory in 2010, and while it still produces most of its shoes in Asia, Keen's CEO says manufacturing in the U.S. has been a "giant leap" for the company.
Federal Reserve officials said they expect short-term interest rates to stay close to zero "at least through late 2014." The Fed has been trying to give more explicit guidance on what it expects in the future as part of a broader move to greater transparency.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.