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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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...


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