The good news: GDP grew at a 3.3% annual rate in the April-June quarter, its fastest pace in nearly a year. The revised reading was much better than the government’s initial estimate of a 1.9% pace.

The bad news: a weaker dollar bolstered U.S. exports, which accounted for half of the gain in GDP. After-tax profits fell 3.8% in the spring, compared with a 1.1% increase in the first quarter. Ben Bernanke has warned the economy will be weak through the rest of 2008.

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The good news: the number of people signing up for jobless benefits declined last week, the third straight drop. Applications for unemployment benefits dropped to a seasonally adjusted 425,000, down 10,000 from the previous week, the Labor Department reported.

The bad news: the number of people continuing to receive unemployment rose to 3.4 million, up 64,000 from the previous week and the highest level in almost five years. The adjusted jobless claims number tops the same number for 12 months ago by 28% (332,000).

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The good news: the number of Americans without health insurance has dropped for the first time in several years, according to new figures released by the Census Bureau. The percentage of U.S residents without health insurance was 15.3 percent in 2007, down from 15.8 percent in 2006.

The bad news: enrollment in private insurance continued to decline, from 59.7% to 59.3%, while the share of people covered by public programs such as Medicaid rose from 27% to 27.8%. And that still leaves 45.7 million people without health insurance coverage.

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The good news: Connecticut man reported missing a year ago was found in Illinois.

The bad news: the hang-over will last months.