Economy stalls closer as government trims quarterly forecast
The government cut its sales forecast for the quarter amid weaker demand from the U S and Europe while the Fed holds rates near zero to prevent deflation. Bernanke stresses a long unemployment horizon, but cites signs of a recovery as profits and consumer incomes rise. New inventory easing and a 25 percent jump in business investment, mostly in imports, weighed on the second quarter GDP estimate.
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U.S
Europe
Intel
Fed
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Bernanke
United States
Rebecca Blank
Commerce Department
U S birth rate falls to new low amid recession and trends
The U S birth rate dropped to 18.5 births per 1000 people in 2009 from 14.3 in 2007 and 30 in 1909, signaling a recession driven decline. Experts cite economic uncertainty, delayed marriages, reduced immigration, and contraception as factors shaping the lower fertility, with 4.136 million births estimated in 2009 and younger cohorts affected.
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United States
Andrew Cherlin
Johns Hopkins University
CDC
Michael Cabbad
Brooklyn
Cabbad
Guttmacher Institute
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Cherlin
U.S
Bond Festival Draws Balloonists in Seventh Year
The west Kansas Balloon Festival gathers balloonists from across the state and nation in Garden City. Morgan notes no other festival this side of the state as it celebrates western Kansas. The festival runs through Sunday with 7 a.m. balloon launches weather permitting and free admission.
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Garden City
Morgan
Kansas
She
Scientists crack wheat genome at Liverpool lab
University of Liverpool scientist Neil Hall and his team decoded part of wheat DNA revealing potential for disease resistance drought tolerance and yield improvements. The draft genome uses pyro sequencing to analyze a million strands at once and could aid breeders within five years though further strains must be studied.
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University of Liverpool
Neil Hall
Hall
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