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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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Credibility Concerns Overshadow Release Of Gay Talese's New Book

NPR's Kelly McEvers speaks with Paul Farhi of the Washington Post about Gay Talese's new book, The Voyeur's Hotel. The credibility of the book, which follows a self-proclaimed sex researcher who bought a hotel to spy on his guests through ventilator windows, has been called into question after Farhi uncovered problems with Talese's story.
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Amid Craft Brewery Boom, Some Worry About A Bubble — But Most Just Fear Foam

Fueled by customers' unquenchable thirst for the next great flavor note, the craft beer industry has exploded like a poorly fermented bottle of home brew.
NPR

White House Documents Number Of Civilians Killed In U.S. Drone Strikes

The Obama administration issued a long awaited report Friday, documenting the number on civilians who have been accidentally killed by U.S. drone strikes. Human rights activists welcome the administration's newfound transparency, though some question whether the report goes far enough.
NPR

Tesla 'Autopilot' Crash Raises Concerns About Self-Driving Cars

The National Highway Traffic Safety Administration is investigating a fatal crash involving a Tesla car using the "autopilot" feature. NPR's Robert Siegel talks to Alex Davies of Wired about the crash and what it means for self-driving car technology.

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