GOOD DAY FOR: Quashing ’80s nostalgia, after the Commerce Department reported that the U.S. economy contracted by a greater-than-expected 6.2 percent last quarter, its worst quarterly performance since 1982. Economists had expected fourth-quarter GDP to shrink at a 5.4 percent pace. The economy was hit by a sharp fall in consumer spending, inventory cuts at companies, and a drop in exports. (Bloomberg)
BAD DAY FOR: Rocky endings, as Colorado’s oldest newspaper, the 150-year-old Rocky Mountain News, is printing its last issue today. Owner E.W. Scripps Co. broke the news to employees at its Denver-based on Thursday, after failing to find a buyer. Editor John Temple said preparing the final issue is "like playing music at your own funeral. It’s an opportunity to make really sweet sounds or blow it.” (The Rocky Mountain News)
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
What a rising gold price says about the global economyThe Explainer Institutions, central banks and speculators drive record surge amid ‘loss of trust’ in bond markets and US dollar
-
‘Laughing stock’: Anthony Joshua’s £140m bout with Jake PaulTalking Point Boxing fans have expressed concerns the YouTuber may not survive the fight with British heavyweight
-
A dreamy skiing adventure in NisekoThe Week Recommends Light, deep, dry snow and soothing hot springs are drawing skiers to Japan’s northernmost island
