Cautious consumers, foreign trade curb second quarter growth: U.S. economic growth slowed in the second quarter as consumers spent at their slowest pace in a year, increasing pressure on the Federal Reserve to do more to bolster the recovery. Gross domestic product expanded at a 1.5 percent annual rate between April and June, the weakest pace of growth since the third quarter of 2011, the Commerce Department said on Friday.
http://reut.rs/OqMcqQ
THE 1.5% PRESIDENCY: President Obama didn't comment on Friday's report of declining growth in the second quarter, and that's no surprise. The economic story of his Presidency is by now familiar: a plodding recovery that has taken its third dip in three years and is barely raising incomes for most Americans.
http://on.wsj.com/QpXj30
SUNDAY SHOWS--Scalia Says Guns May Be Regulated: On today’s Sunday shows: Supreme Court Justice Antonin Scalia said the Second Amendment leaves room to regulate guns; Mitt Romney makes efforts to clarify his position on Israel and Iran; and the latest Newsweek cover, headlined “The Wimp Factor” with an image of Romney smiling, apparently doesn't bother him.
http://natj.rnl/072912
7 YOUNG BRITISH ATHLETES LIGHT CAULDRON TO OPEN GAMES: The queen and James Bond gave the London Olympics a royal entrance like no other Friday in an opening ceremony that rolled to the rock of the Beatles, the Stones and The Who. And the creative genius of Danny Boyle spliced it all together. Brilliant. Cheeky, too.
http://on.msnbc.com/PId1sT
BIRTHWEEK: Monday. Bud Selig.
Tuesday. Milton Friedman, J.K. Rowling.
Wednesday. Francis Scott Key, Melanie Ellison, Robbie Rankey.
Friday. Alan Mulally, President Obama,.
Saturday. Sunday.
'Jeffersons' star Sherman Hemsley dies at 74: Actor Sherman Hemsley, famous for playing Archie Bunker's former neighbor George Jefferson in the "All in the Family" spin-off "The Jeffersons," has died at 74, his representative said in a statement to Reuters. On "The Jeffersons," Hemsley played a dry-cleaning tycoon who'd worked his way up from a small store to a chain. Isabel Sanford played his wife Louise, whom George often called Weezie, and Marla Gibbs played the couple's maid, Florence.
http://bit.ly/MFZnIc
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