Research
Economic Growth Rate 2 Percent for Third Quarter, Housing, Consumer and Government Spending are Drivers
The U.S. economy, the number one issue among voters, grew at a two percent rate in the third quarter, according to Commerce Department Data released Friday. Increased consumer and government spending and an uptick in the housing industry were the drivers.
Earthquake in Southern Spain Linked to Farmers' Drilling: Study in Nature Geoscience Finds
A study examining the causes of the 2011 earthquake in Spain's agricultural city of Lorca, shows that years of drilling and pumping water from an underground reservoir may have triggered the 5.1 magnitude event. The May 11, 2011 quake was Spain's worst in 50 years, claiming nine lives and costing the country billions of euros in damage.
U.S. New-Home Construction Surge Suggests Recovery for the Housing Market
New home construction in the U.S. jumped in September to its highest level in four years, reported Bloomberg Businessweek, based on Commerce Department data released Wednesday.
Retail Sales Higher than Expected in September Reflecting Consumer Confidence
U.S. retail sales rose 1.1 percent in Sept. according to data released on Monday from the Commerce Department, totaling $412.9 billion. The growth is better than expected and good news for the economy, since consumer spending accounts for about 70 percent of the country's total economic growth.