The U.S. economy hit the recession exit ramp nearly three years ago, but it's been lost on the back roads somewhere near Recoveryville ever since.
Growth rates have been modest at best compared with the 4-plus percent growth in the years well before the U.S. began slouching toward its worst post-World War II recession.
Originally published on Fri April 27, 2012 1:51 pm
This interview was originally broadcast on August 11, 2011. To End All Wars is now available in paperback.
The human cost of World War I was enormous. More than 9 million soldiers and an estimated 12 million civilians died in the four-year-long conflict, which also left 21 million military men wounded.
Originally published on Fri April 27, 2012 8:12 am
The U.S. economy grew at a 2.2 percent annual rate in the first quarter of the year, according to the Bureau of Economic Analysis.
That's down from the 3 percent pace in fourth-quarter 2011, but is still better than the 1.7 percent growth for all of last year.
The first-quarter figure will be revised twice, in each of the next two months.
We'll have more about the report shortly.
Update at 8:47 a.m. ET. Behind The Numbers:
Next Wednesday marks one year since U.S. Navy SEALs raided Osama bin Laden's compound in Abbottabad, Pakistan, and killed the al-Qaida leader.
Originally published on Fri April 27, 2012 11:42 am
Space nuts here in Washington, D.C., had their fun last week when a jumbo jet carrying space shuttle Discovery buzzed the nation's capital.