U.S. Economy Grew at 3.2 Percent

Upswing

Updated Apr. 24, 2017 4:51PM EDT / Published Jan. 28, 2011 3:59AM EST

The U.S. economy grew at a rate of 3.2 percent in the fourth quarter of 2010, according to new statistics out Friday from the Department of Commerce. The rate was up from 2.6 percent in the previous quarter, and the growth was attributed to revitalized consumers and a narrow trade deficit. Though the new growth is good news, it is slightly less than analysts predicted. Americans saved less of their paychecks, allowing consumer spending to nearly double from 2.4 percent in the third quarter to 4.4 percent in the fourth. Payroll tax cuts and the extended Bush tax cuts are expected to give consumer spending a further lift in 2011.

Read it at The New York Times

‘Giant’ Coyote Spotted Prowling Central Park Spooks Joggers

Brett Cohn said the animal stopped him “in his tracks” on Saturday morning.

TikTok Star Eva Evans’ Cause of Death Revealed

The 29-year-old’s death shocked friends and family, as well as her more than 300,000 followers.

MLB Likely to Probe Ump’s Bonkers Call Against Yanks Manager

The ump seemingly mistook a fan’s heckling to be the Yanks leader, leading to an incredibly controversial ejection.

Scholz to Putin: Keep Kant’s Name Out of Your Mouth

Olaf Scholz says the Russian president doesn’t have the “slightest right” to cite Imannuel Kant.

Black British ‘Homeland’ Actor Clarifies Blackface Comments

David Harewood initially said actors should be able to play any character, even in blackface, as long as it’s “good.”

Tech Giants Promise to Crack Down on AI-Generated Child Porn

Deepfake nudes have plagued middle and high schools this year, and AI has made it easier for pedophiles to access explicit images of kids.

India’s Modi Slammed for Calling Muslims ‘Infiltrators’

His campaign speech was seen as an ominous warning for India’s religious minorities if he wins a third term this year.

Kate Planning ‘Private Party’ for Birthday Boy Louis: Report

The Princess of Wales is trying to keep things normal despite her cancer diagnosis, a source told Page Six.

U.S. Economy Grew at 3.2 Percent