In today's news: Tornadoes won't blow away the U.S. economy, American families are spending more than ever on gas, Congress investigates the SAT test, the government gets out of Chrysler, and 3D may be coming to your PC.
While the tornadoes that have ripped through the Midwest have been record-setting, they won’t drag down the fragile economic recovery. “Though a blow to the local areas, $8 billion in losses would hardly make a dent in a national economy that produces about $15 trillion in goods and services every year,” MSNBC reports.
American households spent an average of $369 on gas in April – up from $201 in April 2009. “For every $10 the typical household earns before taxes,” USA Today reports, “almost a full dollar now goes toward gas, a 40 percent bigger bite than normal.”
When high schoolers take the SAT, are they leaving too much information behind? Two Congressman have “asked the College Board, owner of the SAT college entrance exam, to explain how it collects and stores data from students,” Bloomberg reports. The company sells “names and personal information to colleges, which use them in direct marketing to potential applicants.”
Less than two years after President Obama led a Chrysler bankruptcy and bailout, the government is getting out of the car business. “Fiat notified the U.S. Treasury today that it will exercise an option to buy out the government’s remaining 6 percent stake in Chrysler Group,” USA Today reports.
Google and a large computer chip maker are teaming up to bring 3D to YouTube – something currently only used by avid computer gamers. “Nvidia aims for 40 million 3D PCs by 2015,” CNN reports.