Revising its early numbers for the first quarter of 2014, the Commerce Department says the U.S. economy shrank by 1 percent at an annualized rate. Last month, estimates of the quarter's gross domestic product had shown a small gain of 0.1 percent.
Government analysts blame the slump on "a significant decline in inventory investment," especially among car dealerships. They also say U.S. exports declined along with spending on housing and government programs.
We commonly believe certain myths about innovation -- that innovation is produced by a lone genius, or that it's the product of serendipity. The words 'organized' and 'innovation' are rarely heard together, but an organized approach to innovation is exactly what America needs today.
With the new Baylor football stadium opening in August, downtown Waco’s about to have a lot more cars on game days. Businesses are hoping to capture some of the extra foot traffic. But the city is still trying to figure out how to get everyone from downtown to the stadium.