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Jobless Claims Drop, Inflation At 3 Percent, Housing Starts Cool

A trio of economic indicators were just released:

-- First-time claims for jobless benefits plunged by 50,000 last week from the week before, to 352,000, the Employment and Training Administration says. You have to go back to Spring 2008 to find a lower number. Reuters says the news signals "continued improvement in the labor market."

-- Consumer prices finished 2011 up 3 percent from the year before, according to the Bureau of Labor Statistics. That's a faster pace than 2010's 1.5 percent and 2009's 2.7 percent. But prices were unchanged in December, vs. the month before.

-- While the number of "housing starts" in December was 4.1 percent below November's pace, they ended the year 24.9 percent up from 2010, the Census Bureau and Department of Housing and Urban Development say.

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WAMU 88.5

Verdine White On 45 Years With Earth, Wind & Fire

Forty-five years ago, the band “Earth, Wind and Fire” introduced audiences to a new kind of funk--one that fused soul, jazz, Latin and pop. Bassist Verdine White talks to guest host Derek McGinty about breaking racial boundaries in music and how the band is still evolving.

NPR

The Case Against The Shirley Temple (The Drink)

Author and cocktail enthusiast Wayne Curtis wrote an article called "Shirley Temples Are Destroying America's Youth." He talks about why he hates Shirley Temples — the drink, not the person.
WAMU 88.5

What's Ahead At The Democratic National Convention

The Democratic National Convention gets underway in Philadelphia, where Hillary Clinton will accept the presidential nomination.

NPR

Experimental Plane Sets Off On Final Leg Of Its Round-The-World Journey

It's the first time for a solar-powered plane to circumnavigate the globe. Now it's en route to Abu Dhabi, United Arab Emirates — and you can watch the journey in a live video from the cockpit.

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