America's economy is rebounding. But it is still in a deep hole
CNN
America is emerging from the worst of the pandemic, and that will mean some eye-popping figures when the government releases economic growth data Thursday. But the big jump — fueled by resurgent consumer spending after a year in lockdown — will still be starting from a deep hole.
Economists predict that the US economy grew at an annualized rate of 6.1% in the first three months of the year — faster the than the 4.3% recorded at the end of 2020, but far slower than the enormous 33.4% jump in the second quarter of 2020 when the economy started to reopen. An "annualized" rate is not the same as measuring one quarter to the next; annualizing assumes a quarterly rate would continue for a full year. Economists typically use the annualized rate for US GDP because it makes it easier to compare numbers over different periods of time.
(CNN) — One person was killed and another was left critically injured after two helicopters crashed in southern New Jersey on Sunday, officials said.
Pipe bomb suspect told FBI he targeted US political parties because they were ‘in charge,’ memo says
The man accused of placing two pipe bombs in Washington, DC, on the eve of the January 6, 2021, riot at the US Capitol told investigators after his arrest that he believed someone needed to “speak up” for people who believed the 2020 election was stolen and that he wanted to target the country’s political parties because they were “in charge,” prosecutors said Sunday.
The train’s main line only came into service in 2023, under a new program aiming to create an alternative to the Panama Canal.
Ukrainian President Volodymyr Zelensky traded freezing, missile-tormented Kyiv on Sunday for the frescoed dining room at Mar-a-Lago, where he hoped to gain President Donald Trump’s sign-off on a revised 20-point peace plan to end the war in his country.
More than 30 million people are under winter weather alerts across the Midwest and Northeast early this week with another storm threatening to upend travelers’ plans on what is expected to be one of the busiest travel days this holiday season.
The night was warm and muggy over New Castle Air Force Base in Delaware, the kind of heat that clung to the metal skins of the alert fighter jets lined along the runway.
Ukrainian President Volodymyr Zelensky arrives here Sunday as his frozen capital of Kyiv comes under assault by Russian missiles and drones, a deadly reminder from the war’s aggressor that its attacks would continue even amid accelerated peace talks.
A Cuban immigrant who had built a new life working at a Kentucky scrapyard died on Christmas Day from severe burns suffered in last month’s UPS cargo plane crash, raising the death toll to 15, officials said.
At least 15 people were killed and 19 injured after a passenger bus plunged into a ravine on the Inter-American Highway in western Guatemala, authorities said on Saturday.
A reform-minded mayor is taking charge of New York City just as the largest police department in the country is finding its stride in its stability, touting a drop in gun violence and homicides while its current leadership stays intact.
When patients come to Eric Frankenfeld’s chiropractic practice with insurance woes, his wife, Lisa, the office manager, tells them not to worry because she’ll work with them to keep care affordable.
Emel McDowell was in a New York City jail when a guard yelled out his name. A single envelope slid through the metal bars into his cell. He stared at the return address in disbelief.
Vivek Ramaswamy barreled into politics as a flame-thrower willing to offend just about anyone. He declared America was in a “cold cultural civil war,” denied the existence of white supremacists, and referred to one of his rivals as “corrupt.” Two years later, Ramaswamy says he wants to be “conservative without being combative.”