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Dow Jones Industrial Hits New High


Spencer Platt/Getty Images(NEW YORK) — The Dow Jones Industrial Average is trading at new highs Friday thanks to an interest rate cut by the People’s Bank of China and the suggestion of new stimulus by the European Central Bank.

As of 10 a.m., the Dow was up about 162 points.

Markets generally go up when central banks cut interest rates.

This sort of immediate jump does not say much about the health of economies around the world. They are an indication of investors moving money into assets that they think will make money in coming months.

It remains to be seen whether China’s interest rate cut will lead to a stronger economy.

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Most Expensive Home for Sale in US Can Be Yours for $195 Million


Coldwell Banker Previews International(BEVERLY HILLS, Calif.) -- Some houses boast a wine cellar, but this place has a vineyard.

The Palazzo di Amore, or “Palace of Love,” is located in Beverly Hills, California, and can be yours for $195 million.

Currently the most expensive house on the market in America, it boasts 53,000 square feet of living space, 12 bedrooms, 23 bathrooms and 25 acres -- all in bustling Beverly Hills.

The pool of people the home is marketed to is “somewhat limited,” Coldwell Banker Previews International listing agent Stacy Gottula told ABC News. “Largely, we’re seeing international buyers in about the $50-million range.”

The home’s current owner is Jeff Greene, a real estate magnate from Florida with a net worth around $3 billion.

To some, this home might be considered a bargain.

“In London, they’re getting something like $10,000 a square foot for penthouses,” said Joyce Rey, another Coldwell Banker Previews International listing agent. “Here you have 25 acres and beautiful weather.”

There is also a reflection pool, infinity pool, revolving dance floor, bowling alley, movie theater and a Turkish bath off the master bedroom.

If you’re interested in having guests over, that’s not a problem because the home can also accommodate approximately 150 cars, according to Coldwell Banker Previews International, which has the listing.

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Okla. Walmart Employee Defends Food Donation Campaign for Co-Workers


The Making Change at Walmart campaign(MIDWEST CITY, Okla.) — A group calling for better working conditions at Walmart is criticizing a food donation campaign for employees in need, saying it's symptomatic of wages being too low.

But Dawnne Sulaitis, the Walmart department manager who started the campaign for "Store 3430" in Midwest City, Oklahoma, said it's "about showing compassion for others."

Last year, the Making Change at Walmart campaign highlighted a similar food drive in a store in Ohio, describing it as a result of pay that was too low at Walmart, the biggest employer in the country.

"I understand there's quite a bit of unfavorable media regarding this food drive," said Sulaitis, a 19-year Walmart veteran. "I haven’t even read it, and I’m not going to read it. Our intention is just to help our neighbors and our friends. These are friends who need a helping hand."

Full-time Walmart employees in the U.S. are paid an average wage of $12.92, according to the company, which employs more than 1.3 million people at more than 4,800 locations in the country. Walmart's average sales associate earns $8.81 per hour, according to IBISWorld, which translates to annual pay of $15,576, based on 34 hours of full-time work a week.

A Walmart spokeswoman said the donation efforts are not organized by the corporation, but by store employees.

Sulaitis, 54, said she approached the store's human resources department about two weeks ago to ask if there are any fellow employees in need. She was then told that two employees, who remained unnamed, had taken an extended leave of absence, and each were single-income households.

"I asked if we could do bake sales to raise money to help provide them with a Thanksgiving meal and to put together a food drive in which associates in the store can contribute to their meals," Sulaitis said. "So we are acting collectively to help out our fellow associates."

There are more than 300 employees in that store, which is located in the outskirts of Oklahoma City.

Allison Livengood, an associate of four years from Oshkosh, Wisconsin, who is part of the Making Change at Walmart, said in a statement, "Walmart workers care about each other, there's no question about that. But it doesn't change the larger problem that many of us are unable to cover groceries even though we work for the richest family in the country. The Waltons have to open their eyes to the fact that Walmart’s low pay is forcing workers and our families to rely on food stamps and food banks to put food on the table, and even that's not enough. Walmart and the Waltons must raise pay and provide full-time hours."

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Craigslist 'Irresponsible' over Recalled Products Policy, Says Consumer Safety Chairman


ABC News(NEW YORK) — The chairman of the Consumer Product Safety Commission, Elliot Kaye, says the online ad site Craigslist is “morally irresponsible” for its failure to do what other sites do to block the sale of defective products under government recall.

“They do not and will not do it to date,” said Kaye, despite repeated requests from commission officials to set up the same filters used by Amazon and eBay to prevent recalled items from being posted.

Kaye said the result is the easy availability of items that could injure or kill children.

“I think it is irresponsible,” Kay told ABC News in an interview to be broadcast Friday night on World News with David Muir and 20/20.

Craigslist founder Craig Newmark refused to answer questions about the site’s refusal, saying he was only a “customer service representative” at the company that has made him a multi-millionaire.

An ABC News investigation, conducted with 17 ABC stations across the country, found the Craigslist site loaded with items that are illegal to sell because they have been recalled for safety defects.

Among the potentially dangerous items discovered on the Craigslist site was a Bumbo baby seat linked to a series of accidents in which infants fractured their skulls or suffered other serious injuries.

The Bumbo was later recalled, and owners were offered a safety belt, but the original version continues to be offered for re-sale on Craigslist.

When ABC News attempted to list the recalled version of the Bumbo on Amazon it was immediately blocked. On eBay, the listing was removed by the site 24 hours after we posted it.

But the Craigslist ad ABC News posted for the recalled item remained on the site for a week until we took it down on our own.

The Consumer Product Safety Commission praised Amazon and eBay for acting “responsibly.”

“They filter hundreds and thousands of online product notices to make sure with certain tags, make sure that these products are not up there,” Kaye said.

Craigslist, he said, “will not do it, has not done it, but should do it.”

In a written statement, the Washington government relations executive for Craigslist, William C. Powell, said the site has an automated system to help prevent posting of recalled items and also “provides a system where users can flag postings advertising recalled items for removal.” (Click here to read Powell's statement in full.)

The spokesperson said Craigslist prohibits the sale of recalled items.

But the ABC News investigation found that the prohibition of recalled items is on line 15 of a 22 line-long list of a wide range of prohibited categories.

CPSC chairman Kaye said the list was likely seen by very few other than “the lawyer who drafted it.”

“I still think it’s irresponsible not to join in with the rest of the community who have certainly recognized that they should take action in this arena," he said.

Craig Newmark and Craigslist came under similar criticism five years ago over its policy of allowing postings that appeared to be ads for prostitution, and were linked to several murders.

At the time, Newmark addressed the issue in an interview with ABC News, saying, “If an ad on our site appears which is wrong for any reason, if it is criminal, we don’t want that on our site.”

Craigslist later dropped its adult service section.

Five years later, Newmark refused to address the issue of ads for the illegal sale of recalled items, saying he was no longer involved in the management of the company is only a customer service representative.

After asking for the name of the ABC News director, he walked away from ABC News cameras.

To see if a product you’ve purchased has been recalled, go to www.SaferProducts.gov.

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Americans Not Yet Enamored with Thanksgiving Day Shopping


Sandy Huffaker/Getty Images(WASHINGTON) — Almost nine out of ten Americans are planning not to shop on Thanksgiving Day, according to a National Retail Federation survey of 6,600 shoppers.

This may come as a shock to the growing number of retailers taking part in Black Friday Creep -- that is, opening their doors a day before what had once been the traditional start of the holiday shopping season.

The NRF survey reveals that about six in ten consumers say they will definitely or will consider shopping between Thanksgiving Day and Sunday, Nov. 30.

Of that group, just under a quarter will actually make purchases on Turkey Day, which translates to about 11 percent of all the adults surveyed by the NRF.

Overall, the number of people who will actually shop either on Black Friday or during the weekend is projected to decline slightly from last year, a development that NRF President and CEO Matthew Shay says may indicate Americans are more in a "wait-and-see" mode for the deepest discounts they can get.

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Man Launches Crowdsourcing Campaign to Create Doll with Stretch Marks, Acne


Nickolay Lamm(PITTSBURGH) -- Toy manufacturers have been getting backlash in recent years for making dolls too pretty, too skinny and too perfect-looking. Now, one doll may alter our perception of what it means to be beautiful.

“I remember shopping for a doll to buy for my niece,” says Nickolay Lamm, an artist living in Pittsburgh. “I noticed the dolls looked very supermodel-y, not that there’s anything wrong with that, but I figured if dolls looked like real people then wouldn’t kids have more self-confidence?”

On March 5, 2014, 26-year-old Lamm launched a crowdsourcing campaign for Lammily, a doll with larger proportion sizes than what’s typically seen on toy store shelves.

In addition to a more life-like body structure, you have the option to buy stickers for Lammily so she'll have tattoos or imperfections like cellulite, acne, and stretch marks.

“Some are saying it’s too much, but I’m just trying to show the natural part of who we are,” Lamm says. “It’s a beautiful thing and it’s nothing to be ashamed of. Why hide it?”

After one year and over $560,000 raised, Lammily has been manufactured and is priced at $25 on lammily.com. Stickers and fashions are sold separately and are currently available for pre-order.


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As for plans for the doll, Lamm is choosing to stay focused on Lammily’s overall message.

“Children are gladly accepting the realistic doll,” he says. “They like how it looks like typical girl walking down the street.

“Right now, I just want my product to survive,” Lamm says. “I don’t consider myself a dollmaker because I’m not in the business of making dolls. I’m in the business of making kids feel better about themselves.”

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Markets Climb to All-Time Highs


iStock/Thinkstock(NEW YORK) -- Rising home sales and an upbeat weekly employment report pushed the markets to all-time highs on Thursday.

The Dow Jones Industrial Average climbed 33.27 to close at a record  17,719.00. The Nasdaq rose 26.16 points to 4,701.87, and the S&P 500 gained 4.03 points closing at a new benchmark of 2,052.75.

A lot of people went home shopping last month. The National Association of Realtors says existing home sales rose about 1.5%-- the most brisk pace so far this year.

The number of Americans who filed for unemployment fell by 2,000 last week. The less volatile four week average was also down.

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Infant ‘Fingertip Amputations’ Lead to Huge Graco Stroller Recall


U.S. Consumer Product Safety Commission(WASHINGTON) -- Nearly five million Graco baby strollers have been recalled due to “fingertip amputation hazard,” but an ABC News investigation found that if this recall goes like most safety recalls, a vast majority of the strollers could remain on the market, posing a threat to infants for years to come.

The recall, to be announced later Thursday by the U.S. Consumer Products Safety Commission (CPSC) and Canadian and Mexican officials, says Graco has received reports of 11 finger injuries “including six reports of fingertip amputations, four reports of partial-fingertip amputation and one finger laceration.”

The recall affects 11 models of Graco strollers made from August 2000 to September 2014 -- about 4.7 million strollers in the U.S., more than 200,000 in Canada and 10,300 in Mexico. Owners are told to contact Graco “immediately” to get a free repair kit and, before the kit comes, to “exercise extreme care” when unfolding and using the stroller. A CPSC official told ABC News the fix is "very easy to install" and if parents just safely engage the lock, they can use the stroller until the new hinge cover arrives.

The bigger problem: The ABC News 20/20 investigation, airing Friday, found that most recalled products are not turned in or fixed, and remain in homes or are listed for sale.

Under current federal law, there is no minimum effort that manufacturers have to make, or money they have to spend, to get the word out about the safety recalls.

It is illegal to sell a recalled product, but in a joint investigation with 17 ABC News affiliates across the country, reporters found a wide range of recalled products easily available for resale.

“We need to solve this problem and we need as much energy and as much participation from all different aspects we can,” Elliot Kaye, the head of the CPSC, told ABC News in his first major interview since being appointed chairman earlier this year.

Kaye said all too often manufacturers give only lip service to safety and fail to spend the money necessary to make sure their recalls are widely known by American families.

“We need industry to do more, and we certainly need more done on the tech side, and so be able to get these minds, who are so creative, to commit to working in this space really can make a difference,” said Kaye, who estimated that for a “good recall,” the government estimates only 20 percent of the recalled products are returned or accounted for. In worse cases, it can be as low as five percent.

Tune in to ABC's Good Morning America, World News with David Muir and 20/20 Friday for the full report on recalled products, to hear from victims of serious incidents, and to see what major companies are and are not doing to make American households safer.

To see if a product you’ve purchased has been recalled, go to SaferProducts.gov.


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Apple Makes Small Change to Its App Store


Apple(NEW YORK) -- Visitors to Apple's app store on Thursday may notice that the "free" button to download an app has been changed to "get."

While the change was made without any fanfare, the Internet has been abuzz with speculation that the move is designed to make it clear that while some games are free, they may offer in-app upgrades that cost money.

Apple already has a family sharing feature in place called "Ask to Buy," which sends a request to a person in charge of the account who can either approve or decline the query.

Earlier this year, Google switched its call to action in the Play store for "freemium" apps, according to Engadget, replacing the word "free" with "install."

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Robot Bartenders Mix it Up on the High Seas


Royal Caribbean(NEW YORK) -- Of all the tech things travelers love about the cruise industry's latest brand-new mega-ship, robot bartenders is definitely the most talked about.

Royal Caribbean's Quantum of the Seas, part of the line's Quantum Class, spans 18 decks, encompasses 167,800 gross registered tons, features 2,090 staterooms and carries 4,180 guests. Each one of them is likely lining up for a beer served by a bot at the ship's Bionic Bar.

Powered by Makr Shakr, a company that aims to "empower people with new robotic interactions, especially in the food and beverage sector," guests place orders via tablets and then wait as robotic bartenders mix cocktails.

Quantum of the Seas will sail out of New York Harbor from her homeport of Cape Liberty, New Jersey for the inaugural season before departing to its new homeport of Shanghai, China.

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Many Young Adults Uncertain About Future Employment Opportunities


Getty Images(WASHINGTON) -- How many times have young adults heard that they’re enjoying the best years of their lives?

Unfortunately, a lot of people in their 20s and early 30s are having anything but that, in large part due to a still sluggish employment picture.

A new Federal Reserve survey says it’s been going on longer than just the period during and after the Great Recession. These higher rates of unemployment and lower rates of labor force participation for younger generations, compared to older generations, go back at least two decades.

As a result, just 45 percent of young adults are optimistic about their future employment opportunities. That left 55 percent saying that they were either uncertain or even pessimistic about what the future holds for them career-wise.

Contributing to these feelings of unease is the October unemployment rate for Americans 20-to-24 standing at 10.1 percent and the rate for those 25-to-34 at 6.1 percent. The national average last month was 5.8 percent.

The survey of nearly 2,100 people ages 18-to-30 was conducted last December.

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Home Improvement Tops Consumer Satisfaction List


iStock/Thinkstock(NEW YORK) -- Businesses can't exist without happy customers, which is why they try their best to satisfy them. And in YouGov BrandIndex’s first annual consumer satisfaction ranking of brand categories, the winner is Home Improvement with a score of 71.0, followed closely by Tools/Hardware with a score of 68.1.

YouGov BrandIndex, a brand consumer perception research service, surveyed 9,000 people to learn which of the 43 major brand categories ranked the highest to the lowest.

Interestingly, Cruise Lines was third with a 64.4 score despite news of assorted Norovirus incidents. Meanwhile, Apparel and Amusement Parks tied for fourth with 59.5 score.

Other brands that did well in the survey included Travel Agents, Mattress Brands, Car Rentals and Online Streaming Video.

Businesses that didn't rank so high include Pizza, Life Insurance, TV Networks and Gambling/Casinos.

At the bottom, numbers 39-43 in order were Erectile Dysfunction (Drugs), Consumer Banks, Property & Casualty Insurance, Wireless Provider and finally Cable and Satellite, which scored 13.2 on the satisfaction scale.

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Large Sized Vehicles Best for Surviving Potentially Fatal Accidents


iStock/Thinkstock(INDIANAPOLIS) -- Despite everything that’s been done to help motorists avoid fatal accidents, there are still 30,000 deaths in the U.S. annually caused by vehicular crashes.

About 21 percent of head-on collisions involve drivers 15-24 and while 39 percent of young people die in these crashes, it’s still the lowest rate of fatalities among all age groups.

Furthermore, when Indiana University doctoral student Uzay Kirbiyik examined Fatality Analysis Reporting System database records in 1,100 crashes, he found that the chances of survival increased when the driver is a young male wearing a seat belt with an airbag that deploys who is driving a newer car with more mass such as a light truck or an SUV.

With all things being equal, Kirbiyik says the height, rigidity and weight of the vehicle is a major factor in survival rates. However, he did note that more young women than young men die in head-on collisions, a factor he did not elaborate on.

As for how to lower the death rates of other age groups involved in fatal crashes, the researcher contends that it will take “an intervention that reduces the involvement of younger drivers” while acknowledging it’s not an easy task.

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Jobless Claims Fall to 291K Last Week


iStock/Thinkstock(WASHINGTON) — Jobless claims dropped slightly lower last week, decreasing by 2,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Nov. 15, the number of people filing for unemployment benefits fell to 291,000. The previous week claims stood at 293,000, revised up from 290,000.

The Labor Department said there were no "special factors" impacting that week's figures.

The four-week moving average rose to 287,500 from last week’s revised average of 285,750.

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Michelin Reinvents the Wheel with Airless Tire


Michelin(NEW YORK) -- Drivers' hearts may not go aflutter over innovation in the tire industry as much as they get excited by a new tech gadget, but Michelin North American Chairman Pete Selleck says the company is truly reinventing the wheel.

Selleck is announcing Thursday the Tweel, the first airless tire ever to be commercially available. The company is also opening a new factory in Piedmont, South Carolina, its tenth manufacturing facility in the state and its 16th in the country.

As part of ABC News' C-Suite Insider Series, Selleck talked about being on the forefront of American manufacturing and why an airless tire is so hard to make.

Tell us about the Tweel. It's intended for industrial vehicles like John Deere's commercial mowers, but when will it be available for passenger cars?

"People see the Tweel and they immediately ask the question, 'When am I going to get it on my car?' The story is really about innovation," Selleck said.

"Down the road, who knows maybe the Tweel will replace the pneumatic tire. We are going to innovate on the Tweel, and we will let the future happen. If the Tweel does in fact come to passenger cars, I can assure you Michelin will be the first."

Technical issues are a factor in making the tires, and so is cost.

"Our customers have such a huge problem with flat tires, they don’t really care with the cost. The downtime to deal with flat tires is so great -- finding a solution is almost priceless. The commercial lawnmower John Deere that will be offering Tweel is about $750 more."

Is it a threat to Michelin's market for passenger car tires?


Michelin invented the Tweel back in 2005, and other companies have since developed prototypes, but Michelin is the first to commercialize the concept.

"Some might see the Tweel as a threat to us, but we are very focused on the opportunity," he said. "Our customers don’t really buy tires. What they really want to do is maintain the mobility of their vehicles."

Flat tires are the biggest concerns for industrial skid-steer and mower owners.

While gadget makers would be thrilled if you burn through their products every year, one of Michelin's goals is to make longer-lasting tires, he said.

How does American manufacturing compare to the industry abroad?


Before he was appointed as head of Michelin North America in 2011, the 32-year Michelin veteran previously worked in France. Overseeing the brand's global truck business, Selleck said he's had a close-up view to compare manufacturing in China, India, Brazil, Central Europe and South America, among other regions.

"What most people don’t realize is that the manufacturing output in the U.S. is at the highest level ever in history," he said. "We are producing a higher number of products for our citizens. Most people don’t realize that because the number of people working in manufacturing has decreased."

The majority of what Michelin sells in North America is made in North America for several reasons, he said. First, the logistic costs of moving products can be prohibitive, but also, the tires themselves change per region.

"Driving conditions are different, so tires are different," he said.

Manufacturing in high labor-cost countries like the U.S. and Canada "has to be very good," he said.

"You have to be excellent at safety, quality, with good flexibility and cost management. But American workers and Canadian workers are continuously demonstrating their ability to do that, and they are continuing to improve," he said.

With all your business travel, what's your secret to a sane schedule?


For the last 10 years, Selleck limits the number of hours he works in a week, with the help of his executive assistant.

"Simply because my executive assistant does a great job of keeping meetings short and to the point, and giving me in the week sometimes breaks to work out. In my early years, I wasn’t bright enough to make time," he said.

"My executive assistant is helping me manage the number of hours I work so it’s not out of control," he said, explaining that they use an "objective accounting system" of what counts and what doesn't as work. "If I have a business dinner, and I have my wife with me, it doesn’t count. The key thing is to avoid too many early mornings and too many late nights or minimize the number of them."

Favorite time to work out?


"I personally prefer to work out in the middle of the day," he said, adding that he frequents a health club that's 10 minutes from the office. "I work out [for] about an hour: do stretches to keep certain joints in good shape for old people like me; or I'm on the elliptical to watch TV; or weight training. If I can do that three or four times a week, maybe a round or two of golf, I’m a happy camper when it comes to my health."

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