The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data released Wednesday morning. The Commerce Department says the rise stems from business investments, particularly in buildings, and an upturn in exports and the civilian aircraft industry.
Amazon.com plans to hire more than 5,000 full-time workers for its warehouse and order-fulfillment centers, the retailing giant said Monday. Many of the jobs will be at Amazon outposts that are spread across more than 10 states.
"Median pay inside Amazon fulfillment centers is 30 percent higher than that of people who work in traditional retail stores," the company said in a news release announcing its plans.
Leaders in Harrisburg, Pa., hope the legends of the Wild West will ride to the rescue of the cash-strapped state capital. Thanks to a former mayor's eccentric, failed museum project, the city has an extensive collection of Wild West artifacts — some said to have ties to people like Wyatt Earp, Doc Holliday and Buffalo Bill.
The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.
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One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.
As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.