If you have difficulty viewing this newsletter, click here to view as a Web page. Click here to view in plain text. |  | Saturday, April 28, 2012 | Business GDP report: Rate of U.S. economic growth slows, but consumers are buying more Americans have ratcheted up their spending on cars, clothes and furniture, new figures show, and their fortitude at the cash register is energizing the recovery. The economy grew by 2.2 percent in the first three months of the year, the Commerce Department reported Friday, largely thanks to more consumer spending. Read full article >> (Peter Whoriskey) In Spain, spike in jobless rate intensifies crisis Spain's unemployment rate spiked to nearly 25 percent in the first months of the year, the government reported Friday, highlighting the risks facing Europe's fifth largest economy as officials struggle to avoid the need for a massive international bailout. Read full article >> (Howard Schneider) Big isn't bad, banks tell Fed The largest U.S. banks are accusing the Federal Reserve of attempting to misuse its new regulatory powers to shrink financial giants under the misguided belief that "big is bad." Lobbying groups representing the big banks are pushing back against a set of proposed rules that the Fed issued in December to more closely scrutinize the firms and rein in their risk-taking after the 2007-2009 financial crisis. Read full article >> (Dave Clarke) EPA faces crucial climate decision on diesel made from palm oil Quick quiz: Which country is the world's third-largest emitter of greenhouse gases, after the United States and China? The answer, at least in recent years, has been Indonesia. That's surprising. It's not the world's third-largest economy. It's not an industrial powerhouse. But Indonesia has been clearing its vast rain forests of late, releasing huge stores of carbon into the air. One culprit has been the country's fast-growing production of palm oil, an edible vegetable oil that's increasingly being harvested to make biodiesel fuel for cars and trucks in Europe. Read full article >> (Brad Plumer) House approves student loan plan despite veto threat Ignoring a veto threat, the House approved a Republican-backed plan Friday to keep subsidized student-loan interest rates lower for another year by paying for the extension with roughly $6 billion from a preventive-care fund established by President Obama's health-care overhaul law. Read full article >> (Ed O'Keefe) More Business Economy In Spain, spike in jobless rate intensifies crisis Spain's unemployment rate spiked to nearly 25 percent in the first months of the year, the government reported Friday, highlighting the risks facing Europe's fifth largest economy as officials struggle to avoid the need for a massive international bailout. Read full article >> (Howard Schneider) Occupy the regulatory system! NEW YORK — Occupy Wall Street has moved. Its new address: 60 Wall Street. There, inside a soaring public atrium, dreadlocked teens trade shoulder massages near the evening meditation circle. A young man holds up a sign: "You're a Federal Reserve $lave." The dinnertime crowd buzzes over free plates of rice and beans while listening to an improvised, profanity-laden operetta about the evils of agro-giant Monsanto. But amid the din, there's a small group holding a quieter, and far wonkier, conversation. Read full article >> (Suzy Khimm) Reconciliation - A sedated bear falls out of a tree on the Colorado University campus, a photograph only rivaled by this video of a similar incident in Minnesota. - "A second customer in less than a year has collapsed at the Heart Attack Grill in Las Vegas (yes, that's its real name)." Read full article >> (Sarah Kliff) Meet Kate Bicego, the woman who knows how to implement Obamacare If anyone can claim to know how best to implement Obamacare, it might be Kate Bicego. Bicego isn't affiliated with any university or government agency. She isn't a household name in health policy. She works in a nondescript cubicle in downtown Boston, on the 10th floor of a nondescript office building. Read full article >> (Sarah Kliff) More Economy TODAY'S ... Comics | Crosswords | Sudoku | Horoscopes | Movie Showtimes | TV Listings | Carolyn Hax | Tom Toles | Ann Telnaes | Traffic & Commuting | Weather | Markets |
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