BBC Business Headlines

US economic growth slows to 2.4%
US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.


Strikes and ash extend BA losses
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.


Disney sells Miramax film studios
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.


Sale of EDF's UK networks agreed
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).


Deadline for tax credits renewal
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.



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Business Blogs

NY Times Economix

Are We a Nation of Property Owners?
Whatever people's political beliefs about the role of government, they are likely to continue to rely on the government for retirement benefits and health care, an economist writes.

America's Laziest States
A ranking based on how each state's residents report spending their time each day.

A Fed Member Warns of Deflation
In a new paper, James Bullard of the St. Louis Fed says the central bank's stated policy of maintaining interest rates "exceptionally low" for "an extended period" could lead to one of two steady states.

The New New Deal: Public Money for Private Jobs
Call it W.P.A. Lite: a stimulus program that uses taxpayer funds to put 247,000 unemployed people directly into jobs.


Paul Krugman
Inflationistas And Deflationistas
Everything changes when you're in the liquidity trap.Read more...


Current Events

Who Turned Out the Lights?: Your Guided Tour to the Energy Crisis Who Turned Out the Lights?: Your Guided Tour to the Energy Crisis
by Scott Bittle and Jean Johnson

We are on the verge of a crippling energy crisis that could undermine our economy and change our way of life. In Who Turned Out the Lights?, Scott Bittle and Jean Johnson, editors of the award-winning nonpartisan Web site PublicAgenda.org, offer a much-needed reality check.



Children of Dust: A Memoir of Pakistan Children of Dust: A Memoir of Pakistan
by Ali Eteraz

Children of Dust is an extraordinary adventure that reveals the diversity of Islamic beliefs, the vastness of the Pakistani diaspora, and the very human search for home. It is a spellbinding portrayal of a life that few Americans can imagine.



Searching for Whitopia: An Improbable Journey to the Heart of White America Searching for Whitopia: An Improbable Journey to the Heart of White America
by Richard Benjamin

Between 2007 and 2009, Rich Benjamin, a journalist-adventurer, packed his bags and embarked on a 26,909-mile journey throughout the heart of white America, to some of the fastest-growing and whitest locales in our nation.



Racing Toward Armageddon: The Three Great Religions and the Plot to End the World Racing Toward Armageddon: The Three Great Religions and the Plot to End the World
by Michael Baigent

International bestselling author and controversial religion theorist Michael Baigent turns his keen attentions to modern-day Jerusalem and its increasingly important role in global affairs, exploring yet another of his explosive theories: that hardliners within the three great Abrahamic religions are working to hasten our end as prophesized in each of their texts and traditions of faith.



The Audacity of Help: Obama's Economic Plan and the Remaking of America The Audacity of Help: Obama's Economic Plan and the Remaking of America
by John Wasik

The Audacity of Help unrolls the blueprints and looks at how the packages passed by Congress and signed into law by President Obama will affect healthcare, education, the environment, energy, taxes, and more.



The Cul-De-Sac Syndrome The Cul-De-Sac Syndrome
by John Wasik

Wasik's observations are firmly grounded in exclusive on-the-ground research, interviews with thought leaders, and the latest studies and statistics. He exposes the untold truths about home ownership: “green” isn't always so “green”; life isn't cheaper after accounting for gas, water, and taxes; and modern suburban living isn't so idyllic considering the toll it takes on our health.



Horse Soldiers: The Extraordinary Story of a Band of US Soldiers Who Rode to Victory in Afghanistan Horse Soldiers: The Extraordinary Story of a Band of US Soldiers Who Rode to Victory in Afghanistan
by Doug Stanton

Horse Soldiers is the dramatic account of a small band of Special Forces soldiers who secretly entered Afghanistan following 9/11 and rode to war on horses against the Taliban. Outnumbered forty to one, they pursued the enemy across mountainous terrain and, after a series of intense battles, captured the city of Mazar-i-Sharif, which was strategically essential if they were to defeat the Taliban.



The Islamist The Islamist
by Ed Husain

Though raised in a devout but quiet Muslim community in London, at sixteen Ed Husain discovered an intriguing political interpretation of Islam known as Islamism. Lured in by its ambitiously fundamentalist tenets, Islamism quickly became the center of his life.



Wounded by School: Recapturing the Joy in Learning and Standing Up to Old School Culture Wounded by School: Recapturing the Joy in Learning and Standing Up to Old School Culture
by Kirsten Olson

While reformers and policymakers focus on achievement gaps, testing, and accountability, millions of students mentally and emotionally disengage from learning and many gifted teachers leave the field. Ironically, today's schooling is damaging the single most essential component to education -- the joy of learning.



The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World
by Jacqueline Novogratz

The Blue Sweater is the inspiring story of a woman who left a career in international banking to spend her life on a quest to understand global poverty and find powerful new ways of tackling it.



Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
by George A. Akerlof and Robert J. Shiller

The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess.



The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming
by Robin M. Mills

With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. "Watch out," say doomsayers, "it will only get worse as oil dries up."