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Consumer Spending Rose 0.7 Percent In February; Higher Gas Prices A Factor

There was a slightly larger-than-expected increase of 0.7 percent in consumer spending from January to February, the Bureau of Economic Analysis says.

Higher gasoline prices, though, were much of the reason for the rise. According to the bureau, if spending is adjusted for inflation the increase was a more modest 0.3 percent — the same as in January. And higher energy costs were behind most of the inflationary pressures last month.

Consumer spending is closely watched because consumers buy about 70 percent of all the goods and services that companies produce — meaning they drive the economy.

Meanwhile, personal income shot up 1.1 percent.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

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Book Review: 'Kinder Than Solitude'

Ellah Allfrey reviews Kinder Than Solitude, by Yiyun Li.
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Plant Breeders Release First 'Open Source Seeds'

Scientists and food activists are launching a campaign to promote seeds that can be freely shared, rather than protected through patents and licenses. They call it the Open Source Seed Initiative.
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John Edwards Resumes Career As Trial Attorney

The former U.S. senator and Democratic presidential hopeful is one of three attorneys representing a boy in a medical malpractice case in North Carolina.
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When Parents Are The Ones Too Distracted By Devices

Parents often complain that smartphones keep their kids distracted from conversation. What happens when it's the other way around, when kids can't get their smartphone-glued parents' attention?

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