Consumer spending rebounded in May with personal income up the most in three months. Diane Swonk, chief economist with Mesirow Financial, discusses why she thinks the latest upbeat data don’t add up to a strong economy.
Today the New York Times Company takes bids for the Boston Globe. There are, reportedly, at least eight potential buyers. Bids for the Globe are expected to be in the $100 million range. The New York Times company paid more than a billion dollars for the publication 10 years ago.
Today NBA teams draft the most promising basketball players to go pro. A player named Nerlens Noel is expected to be the top pick, even though he can’t play — he’s sidelined with an injury.
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