Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee July 18. Economists expect Fed policymakers to consider further steps to boost growth when they meet next week.
A worker at a Colorado National Guard construction site funded by federal stimulus funds in 2010 in Lakewood, Colo. Economists say the latest gross domestic product report shows the recession was less severe than previously thought. That's because government spending helped prop up the economy. Now, eyes are turning to the Federal Reserve to boost growth.
Originally published on Mon October 22, 2012 9:33 am
The Olympics begin this afternoon, and the stores are filling up with school supplies, meaning that you only have a few more weeks to fit in a summer vacation. And if you'd like to add a quirky food-themed museum to your getaway plans, The Salt has compiled a few suggestions that are certainly off the beaten path.
As we've reported, there were no public events on the Olympic sporting schedule today, the day of the opening ceremony. But we must note that two world records were set at the London 2012 Games this morning. That's when South Korean archer Im Dong-hyun scored a record 699 points.
Police in Prince George's County, Md., "have arrested a man who [they say] referred to himself as 'a joker' and threatened to shoot people at his former workplace," The Washington Post's The Crime Scene blog writes.
Dr. Lisa Sterman holds Truvada pills at her office in San Francisco. The drug was recently approved by the Food and Drug Administration to prevent infection in people at high risk of infection with HIV. The pill, already used to treat people with HIV, also helps reduce the odds they will spread the virus.
The Harvard researcher probably speaks for many of the 23,000 scientists, activists and policy mavens who came to the Washington conference. But they're going home with a big question on their minds: Can the world afford it?
No surprise: The economy grew only sluggishly in April, May and June. The U.S. Commerce Department says gross domestic product — the sum of all goods and services produced in the country — grew by just 1.5 percent in the second quarter.
Originally published on Fri July 27, 2012 11:46 am
The London 2012 Summer Games are set to begin in earnest, with today's opening ceremony kicking off a weekend of gold-medal competitions. But if you're in America and you hope to watch the Opening Ceremony live, I'm afraid you'll be disappointed: NBC is tape-delaying its broadcast until Friday night.