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The US economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising speculation the economy is on the cusp of a recession. Key points: Prices of groceries, gasoline and other basic necessities are rising at the fastest pace since 1981 Job growth averaged 456,700 per month in the first half of the year Joe Biden said: “We also see signs of economic progress in the second quarter” By some definitions, a second consecutive quarterly decline in gross domestic product (GDP) would be considered a “technical recession”. US President Joe Biden dismissed talk of a recession, however, pointing to a “historically strong” job market along with strong consumer spending and business investment. But contraction, on 0.9 percent annual rate last quarter, attracted widespread attention because of concerns about the growing economy. That could deter the Federal Reserve from continuing to increase inte

There have been several footballers throughout history who have not only played in the World Cup at home, but won it there. Carla Overbeck is one of them. The FIFA legend was part of the famous US team of the 1990s that won the first official Women’s World Cup in 1991 before captaining the team that lifted the trophy as hosts in 1999. Carla Overbeck captained the United States when they made women’s soccer history at the Rose Bowl in 1999. ( Getty Images: Elsa ) It was the tournament — and the team — that changed everything for women’s football in the United States. Despite having an operating budget of only $30 million, the event attracted nearly 1.2 million people throughout the month, with an average of 37,000 fans per game. Television ratings soared, as did media coverage once the tournament took place. The final — held in Overbeck’s hometown of Pasadena, California — still holds the record for highest ever attendance at a Women’s World Cup final as 90,185 people watched the US b