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Consumer Spending Dipped In October; Superstorm Sandy Blamed

The economic effects of Superstorm Sandy continue to be felt. According to the Bureau of Economic Analysis, consumer spending edged down 0.2 percent in October from September, and personal income dipped 0.1 percent.

As Bloomberg News says, "Sandy kept some in the Northeast from getting to work or from shopping at malls and car dealerships."

Economist Chris Christopher at IHS Global Insight tells Bloomberg that "holiday sales will be a little weaker than we originally thought" because Sandy "took out some of the momentum."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Meet London's Master Architects In Jell-0

London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.
NPR

Meet London's Master Architects In Jell-0

London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.
NPR

Stunned By Military Sex Scandals, Advocates Demand Changes

As the nation prepares to mark Memorial Day, outrage has been building on Capitol Hill and beyond over the military's failure to repair a system that has placed service members in more danger of sexual assault than of battlefield injury.
NPR

Google Reportedly Faces FTC Antitrust Probe Over Display Ads

The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.

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