What’s the latest U.S. economic news?

I need help with a Business question. All explanations and answers will be used to help me learn.

Part I

What’s the latest U.S. economic news? Go to the CNBC website, and select the Economy page, which categorizes news about the world economy, the U.S. economy, and other important topics (http://www.cnbc.com/economy/). Read the various articles about the U.S. economy, and then do the same for GDP Outlook. Prepare a summary of what you learned, and use it to discuss where you think the economy is headed for the next 6 to 12 months.

Part II

1. What is economics, and how can you benefit from understanding basic economic concepts?

2. Compare and contrast the world’s major economic systems. Why is capitalism growing, communism declining, and socialism still popular?

(I also want you to use minimum of 5 sources to support the discussions/opinions.)