Americans' personal incomes grew by 3.5 percent in 2012, compared with 5.1 percent growth the year before, the Bureau of Economic Analysis reports. And it says consumer spending rose 3.6 percent last year, vs. 5 percent in 2011.
It may sound like a line from The Godfather, but some agricultural specialists advise that farming isn't personal; it's business. And family farms need to think and act more like a business to survive in a competitive world, says Bernie Erven, professor emeritus in the department of agricultural economics at Ohio State University.
What's shaping up to be one of the more contentious nomination hearings for one of President Obama's cabinet choices is set to open at 9:30 a.m. ET when members of the Senate Committee on Armed Services get their chance to publicly grill former Sen. Chuck Hagel, R-Neb., who has been tapped for the post of defense secretary.
Note: We originally published a version of this post a few weeks ago. We are republishing it now to coincide with our story airing today on Morning Edition.
All kinds of proposals to reduce gun violence have been floated recently. One idea that has gotten the attention of economists is liability insurance. Most states require car owners to have liability insurance to cover damages their vehicles cause to others; some economists think we should require the same of gun owners.
We reached out to a few economists to get their thoughts.
Boeing is scrambling to figure out why batteries malfunctioned on its 787, prompting officials to ground the airplane this month. And at a time when Boeing most needs its skilled engineers, they're weighing a possible strike. Union leaders are considering the company's final contract offer.
The standoff between Boeing and about 23,000 engineers and technicians — mostly in the Seattle region — has been brewing for months. Dozens of them recently packed a union hall south of Seattle for training in how to run a picket line.
Originally published on Thu January 31, 2013 8:30 am
In an effort to "reclaim" the word jihad, Muslim activists launched a new ad campaign in the nation's capital this week. Commuters in the Washington, D.C., subway system will start seeing posters stamped with the "#My Jihad" hashtag.
Each poster depicts a Muslim sharing their personal struggle: "my jihad: is to march on despite losing my son," and "my jihad: modesty is not weakness."
The jazz musician Butch Morris was beloved by his fellow musicians and acclaimed by critics and fans for his ability to conduct improvisation. While that may sound like a contradiction, Morris pulled it off — with jazz musicians and symphony orchestras around the world.
A resident of New York City, he died yesterday in a Brooklyn hospital of cancer. He was 65 years old.