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U.S. economy grew at a 4% pace in the 4th quarter of 2020

The U.S. economy grew at a 4% annualized pace in the last quarter of 2020, meaning the economy shrunk by -3.5% for the full year, the government said on Thursday.

Why it matters: One of the last major economic report cards of the Trump era shows a sharp slowdown in growth compared to the previous quarter, as the pandemic got worse and government aid petered out.

This story is breaking news. Please check back for updates.

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Unvaccinated 29 times more likely to be hospitalized with COVID-19, CDC study says

Infection and hospitalization rates in late July were five and 29 times higher respectively among unvaccinated people in Los Angeles County than the fully vaccinated, according to a new report out Tuesday from the Centers for Disease Control and Prevention.

Why it matters: Hospitals and state health officials have been warning that the spike in COVID-19 hospitalizations mostly comprises of unvaccinated adults.

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FAA offers $20.4 million in grants to airports for using zero-emissions vehicles

The FAA is announcing $20.4 million in grants to airports for using zero-emissions vehicles and electrifying equipment that currently relies on fossil fuels.

Why it matters: While next-wave, future aviation/aircraft tech gets lots of attention, nuts and bolts equipment at airports is decidedly low-tech (think diesel generators and dirty shuttle buses) and ripe for the deployment of existing and mature low-emissions systems.

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