A big reason for the slow recovery has been that the nation's battered banks haven't been able or willing to lend. There are signs that's changing and that bank lending is helping to support stronger growth.
Paul Kasriel, chief economist at Northern Trust, a Chicago-based bank, say his reading of Federal Reserve data has convinced him that banks have finally taken the baton from the Fed and are now making credit more available.
"We've seen a sharp increase in business loans on the books of banks," he says.
In Florida, members of Congress and the state legislature are scrambling to decide what districts they'll run for in this year's election. The legislature recently released maps that redraw the districts. It's a once-in-a-decade process every state goes through to reflect population changes since the last census. Because of its growth, Florida is gaining two seats, but there is bipartisan unhappiness with the maps. And NPR's Greg Allen reports that the battle over how they were drawn may ultimately be decided by the courts.
When Brian O. Selznick wrote The Invention of Hugo Cabaret — a graphic novel about an orphan in 1930s Paris — he imagined the secret spaces of a Paris train station. For inspiration, he visited Grand Central Terminal in New York City. But the scenes in the book — hidden tunnels, secret rooms, the giant clock tower — were all drawn from Selznick's imagination and later turned into the movie Hugo by Martin Scorcese, which is nominated for 12 Academy Awards.
The eurozone crisis has focused attention on debt-burdened Greece spiraling into decline. Meanwhile, Portugal is seen as the international creditors' poster-child for obediently slashing spending and welfare benefits.
Nevertheless, the Portuguese national debt continues to grow, and the country is mired in recession and soaring unemployment.
The Portuguese national character has long been identified with Fado music. Raquel Freire, an activist with the local Occupy movement, says the melancholy style helps explain decades of resignation.
An image captured on Feb. 20, 1962, by NASA shows astronaut John Glenn during his space flight in the Friendship 7 Mercury spacecraft, weightless and traveling at 17,500 mph. The image was made by an automatic sequence motion picture camera.
The Two-Way is formally off-duty for the Presidents' Day holiday. But not only does the news not take a holiday — often, holidays are the news. Here's a quick roundup of some of today's important and most-discussed stories:
Syria is reinforcing its military in what seems to be a bid to control Homs. (AP)
Catcher Buster Posey, seen here during a spring training workout Sunday, has been told by the San Francisco Giants that he should avoid blocking home plate. Posey broke his leg on a scoring play at the plate last season.
Major League Baseball's spring training has begun, as catchers and pitchers have made their way to Florida and Arizona to prepare for the 2012 season. Games in the Grapefruit League and Cactus League won't begin until early March, when all players will report to camp.
Stephen Colbert, seen here in a file photo from November 2011, postponed production of his Colbert Report due to concerns about his mother's health, according to reports. The show will resume taping Monday, according to Comedy Central.
Originally published on Mon February 20, 2012 11:17 am
The Colbert Report is set to resume production Monday, after a hiatus last week brought on by concerns over the health of Stephen Colbert's mother, according to reports. Lorna Colbert, 91, lives in Charleston, S.C., where the Comedy Central star grew up.