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Retail Sales Rose In February; Spending Was 'Relatively Robust'

Retail sales rose an estimated 1.1 percent in February from January and were up 4.6 percent from February 2012, the Census Bureau says.

Kathy Bostjancic director of macroeconomic analysis at the The Conference Board research group, says in an analysis sent to reporters that the report's a sign that "consumer spending remains relatively robust." And since consumers buy about 70 percent of all goods and services, their willingness to spend is a key economic driver.

Bloomberg News notes that the rise in February was "the most in five months" and was more than forecast.

"It's a positive indicator that consumers are adjusting to the higher payroll taxes and higher gasoline prices," Russell Price, senior economist at Ameriprise Financial Inc. in Detroit, tells Bloomberg. "People are encouraged by the employment gains we've seen."

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NPR

Professional Wrestling World Mourns Longtime Star 'Rowdy' Roddy Piper

The Canadian entered the WWF as a villain and fought Hulk Hogan and Mr. T in the first Wrestlemania event. The career gave the often-bekilted grappler many chances to show off his bagpipe skills.
WAMU 88.5

Donald Trump Sues Chef José Andrés Over Hotel Pullout

Trump has filed a $10 million breach-of-contract lawsuit against Chef José Andrés and his companies after Andrés announced that he's canceling plans to have a restaurant inside Trump's Old Post Office hotel in downtown D.C.
NPR

Pacific Trade Pact In Limbo As Talks End Without A Deal

Disagreements remain among the 12 countries regarding drug patents, market access and more, and likely will delay congressional debate of any eventual agreement into 2016.
NPR

Despite Host Controversy, Amazon Takes A Chance On 'Top Gear'

The trio that made Top Gear the world's biggest car show will return to the small screen in a new show for Amazon Prime. The BBC canned one of its hosts last year after a fight with a producer.

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