Originally published on Thu February 16, 2012 8:55 am
We have a slew of economic data out today and the big picture is that the economy is on the rebound. So, let's get to the numbers:
-- The Labor Department said the number of people seeking jobless benefits dropped by 13,000 to a seasonally adjusted 348,000. The AP reports "it was the fourth drop in five weeks and the fewest number of claims since March 2008."
-- Led by a surge in apartments, housing starts were up 1.5 percent.
Dave Mustaine, the lead singer of Megadeth, says he was "completely oblivious" to Rick Santorum, but now likes the guy in the sweater vest. According to Rolling Stone, Mustaine dislikes Mitt Romney, and calls Newt Gingrich an "angry little man."
Good morning. I'm Renee Montagne, with a story of a childhood dream. And when you grew up in the family of the famous Flying Wallendas, that would be walking a two-inch tightrope across Niagara Falls. Nic Wallenda yesterday got special permission to attempt the kind of breathtaking feat that's been banned since the 19th century when daredevils rolled over the falls in barrels. He says his dream is to, quote, "walk down through the mist and walk back out." It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Repairs in Lexington on four city owned parking garages could begin this summer. But first, the city council must transfer those garages to Lexington’s Parking Authority. A discussion, and possibly a vote, could take place Thursday evening. Parking Authority Director Gary Means says garage and parking meter revenues would fund the work.
U.S. Secretary of Defense Leon Panetta will visit Louisville on March 1 as part of the University of Louisville’s McConnell Center for Political Leadership lecture series. The scholarship program founded by Senate Minority Leader Mitch McConnell has hosted several high-profiled speakers in the past including Secretary of State Hillary Clinton, Vice President Joe Biden and House Speaker John Boehner. Panetta will be the first sitting secretary of defense to headline the lecture series, but the center isn’t clear on what he will discuss.
The New York Knicks have won seven games in a row after struggling all season — and some would say they've struggled for years.
Point guard Jeremy Lin, the man few knew a week and a half ago, scored a 3-pointer in the last seconds to win Tuesday's game against Toronto. Wednesday night, Linsanity returned to New York City and Madison Square Garden.
I confess, I had never heard of Jeremy Lin until three days ago. Yet watching this Taiwanese-American from Harvard during the last quarter of the Knicks game, I, like everyone else, was blown away.
Today's last word in business is: snap, crackle and crunch.
Kellogg, the name behind many boxes in the cereal aisle, will now have its name on cans of Pringles. Kellogg bought the potato chip brand from Proctor and Gamble yesterday for $2.7 billion. The company put down the big bucks for Pringles to capitalize on yet another growing consumer demand in places like China and India - a new taste for snack.
And that's the business news from MORNING EDITION on NPR News. I'm Renee Montagne.