Economy

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Mixed Signals: Weaker Growth, Higher Profits

The U.S. economy's growth slowed in the first three months of the year. Consumers spent more than expected, but companies invested less in new equipment even though profits were surprisingly strong. Economists say businesses need to grow more to drive the economy forward.
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"God's Hotel"

The idea of an almshouse may seem Dickensian today, but one still operated in the United States until recently. We talk about the benefits of 'slow medicine'.

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What French and Greek Election Results Mean for European Economic Unity

Voters in France and Greece weigh in on German-led austerity measures: What weekend election results mean for efforts to manage the European debt crisis.

NPR

Economy Grew At 2.2 Percent Rate In First Quarter

That's down from the 3 percent pace in fourth-quarter 2011, but is still better than the 1.7 percent growth for all of last year. And there was strong growth in consumer spending — a key driving force for the economy.
NPR

Is Moderate Growth Good For The Economy?

Growth will remain low and consumers will be cautious as long unemployment stays high, economists say. And as long as consumers remain frugal, companies will be reluctant to hire aggressively. But is a modest rate of growth of 2 percent to 3 percent better for the U.S. in the long run?
NPR

More Pain In Spain As Economy Goes Down The Drain

Standard & Poor announced it was downgrading Spain's long-term sovereign credit rating by two notches – from "A" to "BBB+." The agency also lowered the country's short-term sovereign credit rating to "A-2" from "A-1," and said the outlook on the long-term rating is negative.
WAMU 88.5

Friday News Roundup - Domestic

The U.S. economy showed slowed growth in the first quarter of the year. The supreme court held a hearing on Arizona’s controversial immigration law. Former speaker of the house, Newt Gingrich, said he’s quitting the GOP presidential...

NPR

Almost No Change In Jobless Claims Last Week

There were 388,000 first-time claims for jobless benefits last week, down just 1,000 from the week before, the Employment and Training Administration says.
NPR

Double-Dip Recession Catches Britain Off Guard

Britain is a nation in shock, following Wednesday's announcement that its economy has slipped back into recession. It's the second time since the 2008 financial crisis, and it's raising new questions about the government's unpopular austerity measures.

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