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Apple and Google Declare War – Here's the Secret Winner

Resident tech guru Michael Robinson and I are both big science-fiction fans. Michael likes traditional sci-fi stories, like those of Robert Heinlein and Isaac Asimov. My sci-fi interests are more focused on “Golden Age” radio dramas, “pre-code” comics, and old movies and TV shows… like The Twilight Zone and The Outer Limits.

And when Associate Editor Cris Skokna joined our team a few months back, Michael and I were so pleased to discover that he was a sci-fi guy as well that I jokingly dubbed the three of us as “The Trilogy.”

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    Q4 GDP Shrinks for the First Time Since the Great Recession

    Wilted Flower

    For the first time since the Great Recession, the nation's gross domestic product contracted in the fourth quarter, declining 0.1% and falling well short of expectations, the Commerce Department said Wednesday.

    GDP, the broadest measure of the nation's economic health, had climbed 3.1% in the third quarter. The consensus for Q4 GDP was 1% growth.

    The first decrease in GDP in 3 1/2 years resulted largely from a steep decline in military spending with sequestration looming and lower company inventories as businesses curtailed investments and expansions amid fiscal cliff fears and higher taxes.

    Some economists also pointed to Superstorm Sandy, budget battles and debt ceiling debates as additional culprits.

    "It's hard to see the economy really kicking into higher gear until we're further down the line and have more of a chance to digest tax increases and the spending cuts that are coming,"
    Moody Analytics chief economist Mark Zandi said in a call with reporters.

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  • bea gross domestic product