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Lung cancer was associated with the highest risk of personal bankruptcy five years after diagnosis, researchers at Fred Hutchinson Cancer Center found. Smokers are more likely to be on a lower rung of the socioeconomic ladder.

Sharing a common currency with a group of fiscal losers has its benefits. The German economy gained strength over the past two years in large part because the European debt crisis weakened the euro. That made German exports more attractive to customers around the world.

The U.S. economy grew modestly over the summer after nearly stalling in the first six months of the year, lifted by stronger consumer spending and greater business investment.

The board overseeing California's teacher pension system on Thursday lowered the fund's investment forecast for the second time in 14 months in a move that acknowledges the financial strain of lower market returns in the years ahead.

The highly anticipated news brought a surprise: The unemployment rate had been expected to stay at 9 percent. But it fell in part because of an increase in the number of "discouraged" workers. They've given up looking for jobs.

A decline in demand for durable goods tempered enthusiasm about strong personal spending and improved jobless numbers, causing retailers to worry that continuing economic concerns will put a damper on holiday shopping. Consumer spending rebounded in October, rising 0.7 percent.

Gov.-elect Jerry Brown is keeping quiet about his plans to tackle a $28 billion budget deficit, despite reports that he plans to couple deep spending cuts with a special election next year to extend temporary tax increases.

Britain led the pushback to a deal that tightens economic ties between 17 euro countries, 6 others.

Mayor Jerry Sanders will issue his final budget proposal today. The fiscal year 2013 budget proposal will be the "first truly-balanced one in a very long time,'' according to the mayor's office.

Most people try to save money for a rainy day, and a healthy savings account is a blessing in a time like this. Local governments, like people, vary in how well prepared they are for this economic downturn. KPBS reporter Alison St John surveyed all 18 cities in San Diego County to find out how much money in the bank they have to tide them over.