U.S. Consumer Spending Unchanged as Incomes Rise

July 31 (Bloomberg) -- Consumer spending in the U.S. stagnated in June as Americans used the biggest gain in incomes in three months to boost savings. Household purchases were unchanged after a 0.1 percent decrease the prior month that was previously reported as little changed, a Commerce Department report showed today. Incomes rose 0.5 percent, lifting the savings rate to 4.4 percent. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Disrupting the Paper Cut Industry
23:08 - A Silicon Valley startup called Ripcord has unveiled a machine that takes stacks of paper, pulls out the staples, rapidly scans the paper and send the scans to the cloud. That seemingly inane task is done at breakneck speed. Watch what happens when Bloomberg Technology reporter Ian King tries to do the same thing. (video by Matt Gottschalk, Camen Hodges) (Source: Bloomberg)
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