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.
Good morning. I'm Renee Montagne. When the huge golden cookie that stood for 100 years outside the headquarters of a big German cookie maker went missing, the company put up a reward. Then the kidnapper sent a ransom note. I have the biscuit, it said with text cut from magazines. It demanded the company donate cookies to children in a local hospital, and the reward to an animal shelter. Signed: Cookie Monster. Cute. But so far the bakery has not bitten. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Sunday's Super Bowl - a contest between the Baltimore Ravens and San Francisco 49ers - is also a battle of craft breweries. Maryland's Flying Dog Brewery made a bet with Anchor Brewing of San Francisco. The loser must pour the winner's beer in its taproom for a week. And the loser's brewery tour guides will have to wear the winner's Super Bowl championship gear. Could be tough, but if they need a beer after all that, they're all set.
Originally published on Sun February 3, 2013 12:52 pm
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.
Nicole Georges grew up believing she became a half-orphan when her father died in his 30s, but when a palm reader suggested that her father — the one her mother had told her died of colon cancer — might still be alive, she began to look more closely at the whole of her unexamined life. This personal reconsideration is the heart of Calling Dr. Laura, an inventive graphic memoir that recounts this quest, as well as Nicole Georges' coming into her own as an artist and daughter.
NPR's business news starts with advertisers liking Facebook.
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MONTAGNE: Facebook says its mobile advertising business nearly doubled from the third to fourth quarter of 2012. As a whole, the company's ad business grew at its fastest rate since it went public last May.
Originally published on Thu January 31, 2013 6:33 am
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This is the time when we begin to find if the emotional power of the Newtown school shooting will translate into political change. People affected by mass shootings are now talking with state and federal lawmakers.
Susan Aaron's daughter escaped the shooting in Newtown after seeing her teacher and friends killed.
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.