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Third-Quarter Economic Growth Revised Upward

The U.S. economy grew at a 2.7 percent annual rate in the third quarter, the Bureau of Economic Analysis says. That's a sharp upward revision in its estimate of gross domestic product growth from mid-summer into the fall. In its first look at the quarter's GDP, the agency estimated growth at a 2 percent annual rate.

According to BEA, consumer spending, inventory investment, exports and federal spending all contributed to growth from July 1 through Sept. 30.

In the second quarter, GDP expanded at a 1.3 percent annual rate.

Also this morning:

There were 393,000 first-time claims for jobless benefits last week, down by 23,000 from the week before, the Employment and Training Administration reports.

The decline brings claims back into the 350,000-to-400,000 pace they had been running at before Superstorm Sandy pummeled the Mid-Atlantic and Northeast in late October.

Wednesday, there was more modestly good economic news — about the housing market.

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WAMU 88.5

Colson Whitehead On The Importance Of Historical Fiction In Tumultuous Times

Kojo talks with author Colson Whitehead about his new novel "The Underground Railroad" and its resonance at this particular moment in history.

NPR

Whales, Sea Turtles, Seals: The Unintended Catch Of Abandoned Fishing Gear

An endangered whale was found dead over the weekend, entangled in derelict fishing gear. Such incidents have been on the rise in recent years. A new California law aims to combat the problem.
WAMU 88.5

Rating The United States On Child Care

A majority of parents in the U.S. work outside the home. That means about 12 million children across the country require care. A new report ranks states on cost, quality and availability of child care - and says nobody is getting it right.

NPR

Tech Giants Team Up To Tackle The Ethics Of Artificial Intelligence

Amazon, Facebook, Google, Microsoft and IBM form a group to set the first industrywide best practices for the technology already powering many applications, such as voice and image recognition.

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