It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t include the cost of college.
At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions
“The future of CNN is as much about digital as about television, if not more.”
With those words, CNN President Jeff Zucker kicked off a press event in Manhattan on Wednesday, where the network unveiled its impending digital makeover. It’s a multi-platform effort CNN is planning to spend $15 million on this year.
On the consumer-facing side, CNN will get a new website — a darker, more streamlined version of its current site, which was released in 2009. Gone is the long left-hand column with dozens of linked headlines; the site gives play to a single big story above the fold, both on the homepage and on its section pages, like The Huffington Post‘s front page.
Kid Rock pledges to provide affordable concert experience this summer, calls Justin Timberlake & Jay Z $225 ticket prices garbage.