More laws to come from Dodd-Frank
The Dodd-Frank financial reform law was signed two years ago this week, but regulators have met just 37 percent of the law’s rule-making deadlines. “We’re getting there,” said Rep. Barney Frank (D-Mass.), one of the law’s chief architects.
Digg.com gets sold
The website Digg.com, a social-media pioneer, sold last week for $500,000, a far cry from its $160 million valuation just four years ago. Founded in 2004, Digg allows users to share and promote news stories, but it has been eclipsed by social sharing on Facebook, Twitter, and rival Reddit.
The Wall Street Journal
For China, six quarters of slowing growth
China’s economy has slowed for the past six quarters, raising concerns that it will not be able to prop up global growth at a time when economies in the U.S. and Europe also remain sluggish. China’s GDP grew 7.6 percent last quarter, the slowest rate since 2009.
The Washington Post
Sales of yogurt take off
Yogurt is the fastest-growing food in the U.S., thanks largely to the wild popularity of Greek yogurt, a firmer, more filling, and generally more expensive variation of the product. Overall, yogurt sales have outpaced 2010 sales by 15 percent, while Greek yogurt sales have doubled in each of the past three years, according to Nielsen.
Los Angeles Times
Teaching children to save
Children with a savings account are seven times more likely to attend college than their peers who lack savings. They are also twice as likely to graduate or be on track to graduate from a two- or four-year college by age 23.
The Washington Monthly