Retail sales rose an estimated 1.1 percent in February from January and were up 4.6 percent from February 2012, the Census Bureau says.
Kathy Bostjancic director of macroeconomic analysis at the The Conference Board research group, says in an analysis sent to reporters that the report's a sign that "consumer spending remains relatively robust." And since consumers buy about 70 percent of all goods and services, their willingness to spend is a key economic driver.
According to Alaska Public Telecommunications, the 53-year-old Seavey crossed the finish line at 10:39 p.m. local time on Tuesday — 2:39 a.m. ET Wednesday. It has "checkpoint to checkpoint" coverage of the race posted here.
Originally published on Wed March 13, 2013 11:07 am
Update at 6:41 a.m. ET. The Smoke Is Black:
Smoke just started pouring from a special chimney above the Sistine Chapel in Vatican City — and its dark color means the 115 cardinals meeting inside the chapel have not yet agreed on a successor to Pope Benedict XVI.
If all has gone as planned inside the chapel, where the cardinals are meeting in secret, they have now cast three ballots and no one name has been written on at last two-thirds of the slips of paper. It takes two-thirds — 77 votes — to become leader of the Roman Catholic Church.
Good morning. I'm Renee Montagne. Even if the cardinals now locked away in the Sistine Chapel are losing sleep over who will become the next pope, that does not mean that you have to, thanks to Popealarm.com. The service is provided by the Fellowship of Catholic University Students. It lets eager Vatican watchers sign up for a text or an email alert that will go out as soon as the pope is chosen.
Their slogan? When the smoke goes up, you'll know what's going down. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Police Deputy Donna Rogan relived her high school years. She went undercover pretending to be a transfer student in Carter County, Tennessee. The Elizabethton Star reports it was called Operation Jump Street, after the old TV show. Now, we do not know Ms. Rogan's grades or which boys asked her out. But we do know she played a student convincingly enough to slip into the local drug culture, gathering information leading to 14 arrests.
Let's explore the state of the deficit a little more for today's bottom line in business. Yesterday, we talked about the House Republican plan to address it, after Congressman Paul Ryan released the party's proposal. Senator Patty Murray will put out the Senate Democrats' alternative soon. And then, at some point, the president will offer his plan on the deficit.
Let's bring in David Wessel, economics editor of The Wall Street Journal, as we do many days. Good morning.
One American airport already has that wow factor, which brings us to today's last word in business, which is: First Class.
STEVE INSKEEP, HOST:
The Indianapolis International Airport was named the Best Airport in North America by the Airports Council International. They're right. It's nice. The annual Airport Service Quality awards are determined by year-round passenger satisfaction surveys.
In China, property prices continue to spiral upwards, despite government efforts to cool off the hot real estate market there. In recent weeks, there have been warnings that the Chinese housing bubble will burst, with dire effects on the broader economy and the entire world. Some don't see that happening, and one skeptic is Leta Hong Fincher. She is a sociology researcher who studies real estate in China. We reached her in Beijing.
Thank you for joining us.
LETA HONG FINCHER: Thank you for having me, Renee.
Now let's come back to the United States for this next story, because over the past few years, more than a dozen American airports - big and small - have renovated or added new terminals. The latest in Birmingham, Alabama opens today.
NPR's Russell Lewis reports on why so many airports are sprucing up.
RUSSELL LEWIS, BYLINE: With just hours before the new $200 million terminal was to open, it was a mad dash...
(SOUNDBITE OF DRILLING)
LEWIS: ...as workers drilled signs above the restaurants,