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Third Quarter Economic Growth Revised Up Again

The best estimate of how quickly the economy was growing in the third quarter has been revised upward again — a sign that as summer turned into fall things were better than first thought.

The Bureau of Economic Analysis now says gross domestic product grew at a 3.1 percent annual rate from the end of June through September. That's up from the 2.7 percent estimate BEA released last month, and well above its initial report — issued in October — that put the growth rate at 2 percent. Spending by consumers and governments has been greater than previously estimated.

Not all the morning's economic news is that positive, though. The Employment and Training says there were 361,000 first-time claims for unemployment insurance last week — up 17,000 from the week before.

And there's this cautionary note from Bloomberg News about the GDP report:

"The world's largest economy will be hard-pressed to maintain that pace of growth this quarter as global demand cools and companies limit spending and hiring ahead of looming tax increases and spending cuts. While a stronger housing market will provide some cushion, the Federal Reserve is pursuing record stimulus aimed at driving bigger gains for the expansion."

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

NPR

Chinese Dissident Artist Ai Weiwei Restricted To 20-Day U.K. Visa

Ai says he was denied a six-month visa because U.K. officials said he didn't list a criminal conviction in his application. Ai was imprisoned in China, but he notes he was never charged with a crime.
NPR

Humans Aren't The Only Ones To Go Ape Over Diets: Chimps Detox, Too

A group of Ugandan chimps has found a great way to boost their mineral intake and neutralize bitter compounds in their diet: by eating clay.
WAMU 88.5

The Politics Hour - July 31, 2015

Join us for our weekly review of the politics, policies, and personalities of the District of Columbia, Maryland and Virginia.

NPR

Debris Found In The Indian Ocean May Be From Missing Malaysia Airlines Jet

Investigators believe a piece of debris found on the French island of RĂ©union in the Indian Ocean could be from Malaysia Airlines Flight 370, which disappeared in March 2014.

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