The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed. Much of the upward revision came from stronger consumer spending.
The Commerce Department’s final look at growth in the summer was up from a previous estimate of 3.6 percent. Four-fifths of the revision came from stronger consumer spending, primarily in the area of health care.
On Tuesday, the Tarrant County district attorney’s office announced that it is seeking additional charges against 16-year-old Ethan Couch.
There has been widespread public outrage that Couch did not receive any jail time after he admitted to driving drunk in a crash that killed four people. A judge sentenced him to 10 years of probation and a year of in-patient treatment at a California rehab center that costs $450,000 per year — to be paid by his parents.
Google, Facebook and other major technology companies are boosting their efforts to control Internet transmission networks. They’re building private fiber-optic cables across the world, rivaling telecom companies like Verizon and Sprint.
According to the Wall Street Journal, Google began to build its network in 2008, long before the National Security Agency data mining scandal broke.
Tech executives say they’re building their own cable fiber networks to keep costs down and improve services as online traffic continues to grow.
Financial services firm Cantor Fitzgerald, which saw 658 of its 1,000 employees killed in the Sept. 11 attacks, has nearly completed a settlement with American Airlines and insurance carriers, according to documents filed in federal court.
A final signed agreement may be ready by Tuesday, Cantor Fitzgerald attorney John Stoviak told Judge Alvin Hellerstein in a Thursday proceeding.
Composer Howard Shore has written dozens of film scores. He’s worked with directors Jonathan Demme and Martin Scorcese, and he’s a frequent collaborator with David Cronenberg. But he’s probably best known for his work with Peter Jackson.
Shore wrote the scores for all three “Lord of the Rings” movies, as well as the two “Hobbit” films, including “The Hobbit: The Desolation of Smaug,” which opens today. He’s won three Oscars for his work on “The Lord of the Rings” films.
Padraig O’Malley spent more than 10 years tracking South Africa’s transition to democracy, working with whites and blacks, including the man who would eventually become the nation’s first democratically-elected president: Nelson Mandela.
Ahead of Mandela’s funeral on Sunday, O’Malley joins Here & Now’s Jeremy Hobson to a reflect on a man who brought people of very different perspectives together.