In just the past week we've seen a bunch of signs that the housing recovery is gaining steam. Data out Wednesday showed that existing-home sales rose to their highest level in nearly four years, while prices were up 14 percent from a year ago.
Retailers Home Depot and Lowe's both reported strong earnings growth and attributed that to the housing rebound.
And most important for the economy, homebuilders are hiring more workers and building more houses.
Originally published on Thu August 22, 2013 6:11 am
Details of the massacre of 16 Afghans by a U.S. soldier last spring are emerging in a courtroom near Tacoma, Wash., where survivors of that attack traveled to confront Army Staff Sgt. Robert Bales. A six-member military jury is hearing testimony at a sentencing hearing for Bales.
At least seven people made the trip from Afghanistan to Washington state to speak at the hearing at Joint Base Lewis-McChord, where Bales' Army unit is based.
When the drug company Merck Animal Health announced plans to suspend sales of its Zilmax feed additive last week, many observers were shocked.
Yet concern about Zilmax and the class of growth-promotion drugs called beta agonists has been building for some time. In an interesting twist, the decisive pressure on Zilmax did not come from animal welfare groups or government regulators: It emerged from within the beef industry itself, and from academic experts who have long worked as consultants to the industry.