GDP shrinks, Rocky Mountain News disappears
Good day for quashing '80s nostalgia; Bad day for Rocky endings
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)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to 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.
Create an account with the same email registered to your subscription to unlock access.
-
'Trump rarity: Verbal blasts may backfire'
Today's Newspapers A roundup of the headlines from the US front pages
By The Week Staff Published
-
The underground Mona Lisa and the trouble with tourists
Why Everyone's Talking About Visitors to the Louvre have dubbed the crowded experience 'torture' as famous landmarks suffer from overtourism
By Chas Newkey-Burden, The Week UK Published
-
Rwanda plan: Home Office launches surprise sweep to fill first flights
Speed Read Lib Dem spokesman condemns 'cruel gimmick', but Sunak says plan is already having deterrent effect
By Arion McNicoll, The Week UK Published