Page 45 - Greg Talcott News Today : Breaking News, Live Updates & Top Stories | Vimarsana

jenna: we start off this friday with some new worries about our economy. we're glad you're with us everybody. i'm jenna lee. jon: i'm jon scott. the concerns coming out with the release of the new gdp numbers. our commerce department says the economy grew at annual rate of 1.5% from april to june. americans spending at their slowest pace in a year. economists say growth at or below 2% is not enough to lower the unemployment rate. they do not expect growth to pick up much in the second half of the year either. let's talk about it with karl rove, former senior advisor and deputy chief ...

january 10 of 2009, if you want to know exactly what will happen when the stimulus bill passes take a look at the report prepared by the head of his council of economic advisors. it forecast unemployment would be 6% today. last year the administration forecast for economic growth this year was 4%. that is twice the rate that at best we're going to hit this year. no wonder, joe bide, actually captures reality of it recently when he got off message and said, quote, for millions of americans americans this is a depression. it ain't working. jon: you have to hand it to the white house fo...

Greg talcott live in london with more on that for us. greg? >> reporter: avoid debt, jon, i think that's the bottom line. there is a lot of pain in spain this week. the government introducing those austerity moves in response to an e.u. bailout of their ailing banks and slightly easier conditions to reduce that debt. let's take a look at what those cuts are all about. number one, a hike in the value-added or national sales tax in spain from 18 to 21%. also cuts in civil servant pay amounting to about 7% and trimming back of unemployment benefits from 60 to 50% of the final salary. spanish prim...

57 they probably did have to dump some fuel, yeah. this pressurization problem can be very serious. there have opinion plane crashes where pilots were unaware that they were having a pressurization problem and they passed out in the cockpit. in the vast majority of cases though pilots are alerted and they take appropriate procedures. in this case they probably didn't get above 10,000 feet, much above 10,000 feet when the warnings went off. they circled and came back down. jon: might have been one of those instances when the masks dropped from the ceilings and passengers actually got ...

we just saw joe paterno in the video. the penn state sex abuse scandal has an internal investigation out. who the report blames for a cover-up and the letter joe paterno wrote write before his death. we have it for you, all "happening now." jenna: a whole bunch of different news happening today. we're so glad you're with us, everybody. i'm jenna lee. jon: i'm jon scott. we bring begin with the breaking story we told you about. an american airlines flight made an emergency landing in miami after reporting mechanical problems. the plane had taken off from fort lauderdale airport an hou...