As the official unemployment rate rises, so does the number of people who quit looking for a job out of discouragement
After a couple dreary years, the economies of most states began to grow again in 2010. Forty-eight of the 50 states showed a gain in gross domestic product, according to new data from the Bureau of Economic Analysis. (Click ahead to see which two states did not grow.) The US as a whole saw GDP grow by 2.6 percent last year. But some states more than doubled that rate, thanks to gains in durable goods manufacturing, retail trade, finance, and insurance. Here's a look at the Top 5 fastest-growing states:
Rising waters threaten Montana, North Dakota, and South Dakota, and are expected to push south soon. The Midwest will be underwater all summer, say officials.
A controversial oil-sands pipeline operated by a Canadian oil company was ordered shut down Friday on charges that its continued operation would be hazardous to lives and the environment.
Talks broke down on key fronts this week as an impasse appeared on cutting spending and raising taxes. That leaves bipartisan leadership talks, chaired by Vice President Biden, as the main venue for a deal that could pass both the House and Senate.
The 2011 Mississippi River flood, which has broken records in some places, is creating steady destruction in America's midsection. Hurricanes tend to cause more financial damage, and flash floods typically take more lives. But overflowing rivers deliver a long, slow economic punch. Arkansas farmers have lost an estimated $500 million in crops to this year's flood. Mississippi homes and catfish farms – a leading industry – are threatened. In Louisiana, the diversion of water through a spillway to spare Baton Rouge and New Orleans still puts hundreds of homes, businesses, and chemical plants and oil refineries at risk. Total damages could run into the billions. Here's a look at five of the most expensive river floods in the US, according to estimates from the National Weather Service and historical accounts (reported in 2011 dollars):
President Obama met with Senate Democrats on Wednesday, and he will meet with Republicans Thursday in a bid to find a fiscal way forward.
The House passed its federal budget bill Friday on a near party-line vote, but both the Senate and the president are working hard to forge a bipartisan alternative.
Red River: Every year, farmers in the valley all but halt deliveries of stored crops to handling facilities due to muddy or flooded yards and roads.